Reinstatement of Subordination. The obligations of each holder of Subordinated Debt under the provisions set forth in this Section 7 shall continue to be effective, or be reinstated, as the case may be, as to any payment in respect of any Senior Debt that is rescinded or must otherwise be returned by the holder of such Senior Debt upon the occurrence or as a result of any bankruptcy or judicial proceeding, all as though such payment had not been made.
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Samples: Note Agreement (Fresh America Corp), Note Agreement (Suprema Specialties Inc), Securities Purchase Agreement (Able Telcom Holding Corp)
Reinstatement of Subordination. The obligations of each holder of Subordinated Debt Note Holder under the provisions set forth in this Section 7 11 shall continue to be effective, or be reinstated, as the case may be, as to any payment in respect of any Senior Debt that is rescinded or must otherwise be returned by the holder of such Senior Debt upon the occurrence or as a result of any bankruptcy or judicial proceeding, all as though such payment had not been made.
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Samples: Note and Unit Subscription Agreement (Carlyle Group L.P.)
Reinstatement of Subordination. The obligations of each holder of Subordinated Debt Note Holder under the provisions set forth in this Section 7 1 shall continue to be effective, or be reinstated, as the case may be, as to any payment in respect of any Senior Debt that is rescinded or must otherwise be returned by the holder of such Senior Debt upon the occurrence or as a result of any bankruptcy or judicial proceeding, all as though such payment had not been made.
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