Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower for liquidation or reorganization, should Borrower become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 37 contracts
Samples: Credit Agreement (Green Mountain Coffee Roasters Inc), Credit Agreement (Gottschalks Inc), Credit Agreement (Gottschalks Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against any Borrower for liquidation or reorganization, should any Borrower become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of any Borrower's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 33 contracts
Samples: Credit Agreement (Green Mountain Coffee Inc), Credit Agreement (Inverness Medical Innovations Inc), Credit Agreement (Odyssey Healthcare Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Credit Party for liquidation or reorganization, should Borrower any Credit Party become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrowerany Credit Party's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 32 contracts
Samples: Credit Agreement (Otelco Inc.), Credit Agreement (Butler International Inc /Md/), Credit Agreement (Otelco Inc.)
Reinstatement. This Security Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Debtor for liquidation or reorganization, should Borrower Debtor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's Debtor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 22 contracts
Samples: Security Agreement (Tarsier Ltd.), Security Agreement (Vapor Hub International Inc.), Security Agreement (Drone USA Inc.)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against any Borrower for liquidation or reorganization, should any Borrower become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of any Borrower's ’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 15 contracts
Samples: Credit Agreement (Centerplate, Inc.), Loan Agreement (Asta Funding Inc), Credit Agreement (Core-Mark Holding Company, Inc.)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Grantor for liquidation or reorganization, should Borrower any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's any Grantor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 12 contracts
Samples: Intellectual Property Security Agreement (Modtech Holdings Inc), Intellectual Property Security Agreement (VeriChip CORP), Credit Agreement (Horizon Global Corp)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Pledgor for liquidation or reorganization, should Borrower Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of BorrowerPledgor's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Secured Obligations, whether as a "voidable preference," ", "fraudulent conveyance," ", or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 12 contracts
Samples: Pledge Agreement (Local Matters Inc.), Pledge Agreement (Local Matters Inc.), Pledge Agreement (Local Matters Inc.)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Loan Party for liquidation or reorganization, should Borrower any Loan Party become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's such Loan Party’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable lawApplicable Law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "”, “fraudulent conveyance," ”, or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 12 contracts
Samples: Loan, Security and Guarantee Agreement (South Texas Supply Company, Inc.), Intercreditor Agreement (MRC Global Inc.), Abl Credit Agreement (WillScot Corp)
Reinstatement. This Security Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Debtor for liquidation or reorganization, should Borrower any Debtor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's any Debtor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 11 contracts
Samples: Security Agreement (Dr. Tattoff, Inc.), Security Agreement (Pulse Network, Inc.), Security Agreement (Drone USA Inc.)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Borrowers for liquidation or reorganization, should Borrower Borrowers become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver, interim receiver, receiver and manager or trustee be appointed for all or any significant part of Borrower's Borrowers’ assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 10 contracts
Samples: Credit Agreement (XPO Logistics, Inc.), Revolving Loan Credit Agreement (XPO Logistics, Inc.), Revolving Loan Credit Agreement (XPO, Inc.)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower for liquidation or reorganization, should Borrower become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's ’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 10 contracts
Samples: Credit Agreement (Pioneer Drilling Co), Credit Agreement (Analysts International Corp), Credit Agreement (Solo Cup CO)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Grantor for liquidation or reorganization, should Borrower any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's such Grantor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 9 contracts
Samples: Intellectual Property Security Agreement (ProLink Holdings Corp.), Intellectual Property Security Agreement (Biovest International Inc), Intellectual Property Security Agreement (NewMarket Technology Inc)
Reinstatement. This Pledge Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Pledgor for liquidation or reorganization, should Borrower any Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's any Pledgor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Secured Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” “fraudulent transfer” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 8 contracts
Samples: Pledge Agreement (Strayer Education Inc), Pledge Agreement (Maximus Inc), Pledge Agreement (Maximus Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Obligor for liquidation or reorganization, should Borrower any Obligor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's such Obligor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable lawApplicable Law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "”, “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 7 contracts
Samples: Loan and Security Agreement (Callaway Golf Co), Loan and Security Agreement (Radiant Logistics, Inc), Loan and Security Agreement (Radiant Logistics, Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower for liquidation or reorganization, should Borrower become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver, interim receiver, receiver and manager or trustee be appointed for all or any significant part of Borrower's ’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the ObligationsObligations hereunder, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the ObligationsObligations hereunder, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations hereunder shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 6 contracts
Samples: Credit Agreement (XPO, Inc.), Credit Agreement (XPO, Inc.), Credit Agreement (XPO Logistics, Inc.)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower for liquidation or reorganization, should Borrower become insolvent or make an assignment for of the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 6 contracts
Samples: Credit Agreement (Key Tronic Corp), Assignment Agreement (Wilsons the Leather Experts Inc), Credit Agreement (Wilsons the Leather Experts Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Grantor for liquidation or reorganization, should Borrower Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's Grantor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time time, payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 6 contracts
Samples: Cryptocurrency Security Agreement, Cryptocurrency Security Agreement, Cryptocurrency Security Agreement
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Grantor for liquidation or reorganization, should Borrower any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrowerany Grantor's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 5 contracts
Samples: Security Agreement (Osullivan Industries Holdings Inc), Intellectual Property Security Agreement (Barneys New York Inc), Intellectual Property Security Agreement (American Technologies Group Inc)
Reinstatement. This Security Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower the Pledgor for liquidation or reorganization, should Borrower the Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's the Pledgor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "”, “fraudulent conveyance," ”, or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 5 contracts
Samples: Credit Agreement (GWG Holdings, Inc.), Security and Pledge Agreement (Beneficient Co Group, L.P.), Security and Pledge Agreement (Beneficient Co Group, L.P.)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Grantor for liquidation or reorganization, should Borrower Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of BorrowerGrantor's property and assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 5 contracts
Samples: Security Agreement (Advance Nanotech, Inc.), Security Agreement (Enhance Biotech Inc), Security Agreement (Bioenvision Inc)
Reinstatement. This Agreement shall shall, to the fullest extent permitted by applicable law, remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Pledgor for liquidation or reorganization, should Borrower Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's Pledgor’s assets, and shall continue to be effective or to be reinstated, as the case may be, to the fullest extent permitted by applicable law, if at any time payment and performance of the ObligationsNote, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the ObligationsNote, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations Note, to the fullest extent permitted by applicable law, shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 5 contracts
Samples: Pledge Agreement (Cabinet Grow, Inc.), Pledge and Security Agreement (United American Healthcare Corp), Membership Interest Pledge Agreement (Cabinet Grow, Inc.)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Grantor for liquidation or reorganization, should Borrower Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's Grantor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 5 contracts
Samples: Intellectual Property Security Agreement (Applied Digital Solutions Inc), Intellectual Property Security Agreement (Rapid Link Inc), Intellectual Property Security Agreement (Jagged Peak, Inc.)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower the Grantor for liquidation or reorganization, should Borrower the Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's the Grantor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 4 contracts
Samples: Pledge Agreement (Magellan Petroleum Corp /De/), Exchange Agreement (Magellan Petroleum Corp /De/), Pledge and Security Agreement (Mountain Valley Spring Co)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Grantor for liquidation or reorganization, should Borrower Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of BorrowerGrantor's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 4 contracts
Samples: Intellectual Property Security Agreement (Liraz Systems LTD), Security Agreement (St Cloud Capital Partners Lp), Security Agreement (Concepts Direct Inc)
Reinstatement. This Agreement shall remain in full force and effect ------------- and continue to be effective should any petition be filed by or against Borrower for liquidation or reorganization, should Borrower become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 4 contracts
Samples: Credit Agreement (Peets Coffee & Tea Inc), Credit Agreement (Icon Health & Fitness Inc), Credit Agreement (Icon Health & Fitness Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Pledgor for liquidation or reorganization, should Borrower Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of BorrowerPledgor's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," ", "fraudulent conveyance," ", or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 4 contracts
Samples: Pledge Agreement (Beacon Power Corp), Pledge Agreement (Beacon Power Corp), Pledge Agreement (Beacon Power Corp)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Grantor for liquidation or reorganization, should Borrower Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee or similar Person be appointed for all or any significant part of BorrowerGrantor's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," ", "fraudulent conveyance," ", or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 4 contracts
Samples: Security Agreement (Blount International Inc), Security Agreement (Blount International Inc), Security Agreement (Blount International Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Loan Party for liquidation or reorganization, should Borrower any Loan Party become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's such Loan Party’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable lawLaw, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "”, “fraudulent conveyance," ”, or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 4 contracts
Samples: Loan Agreement (Cooper-Standard Holdings Inc.), Loan Agreement (Cooper-Standard Holdings Inc.), Loan Agreement (Cooper-Standard Holdings Inc.)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should if any petition be or other proceeding is filed by or against the Borrower or any other Obligor for liquidation or reorganization, should or if the Borrower become or any other Obligor becomes insolvent or make makes an assignment for the benefit of any creditor or creditors creditors, or should a if an interim receiver, receiver, receiver and manager or trustee be appointed for all or any significant part of Borrower's assetsthe Property of the Borrower or any other Obligor, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligationsobligations hereunder or under the other Loan Documents, or any part thereof, is, pursuant to applicable lawApplicable Law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligationssuch obligations, whether as a "voidable fraudulent preference," "fraudulent conveyance," , a reviewable transaction, or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations obligations hereunder and under the other Loan Documents shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 4 contracts
Samples: Assignment and Assumption (Agnico Eagle Mines LTD), Credit Agreement (Agnico Eagle Mines LTD), Agreement (Agnico Eagle Mines LTD)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower for liquidation or reorganization, should Borrower become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's ’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "”, “fraudulent conveyance," ”, or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: Stock Pledge Agreement (Vado Corp.), Stock Pledge Agreement (Mdu Communications International Inc), Stock Pledge Agreement (Vado Corp.)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Grantor or any Issuer for liquidation or reorganization, should Borrower Grantor or any Issuer become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's Grantor’s or any Issuer’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Secured Obligations, whether as a "“voidable preference," "”, “fraudulent conveyance," ”, or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: Guarantee and Collateral Agreement (Miller Energy Resources, Inc.), Guaranty and Collateral Agreement (Westell Technologies Inc), Guarantee and Collateral Agreement (Miller Energy Resources, Inc.)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against the Borrower for liquidation or reorganization, should the Borrower become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of the Borrower's ’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable lawLaw, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, in respect of the Obligations is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: First Lien Credit and Guaranty Agreement (RadNet, Inc.), Credit and Guaranty Agreement (RadNet, Inc.), Credit and Guaranty Agreement (RadNet, Inc.)
Reinstatement. This Pledge Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Pledgor for liquidation or reorganization, should Borrower any Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrowerany Pledgor's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Secured Obligations, whether as a "voidable preference," "fraudulent conveyance," "fraudulent transfer" or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: Pledge Agreement (Ems Technologies Inc), Revolving Credit Agreement (Heico Corp), Pledge Agreement (Ems Technologies Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Grantor for liquidation or reorganization, should Borrower any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's any Grantor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” “fraudulent transfer” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Fortegra Financial Corp), Security Agreement (Fortegra Financial Corp), 4 security Agreement (Fortegra Financial Corp)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Credit Party for liquidation or reorganization, should Borrower any Credit Party become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's assetsany Credit Party’s assets or properties, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: Credit Agreement (Curative Health Services Inc), Credit Agreement (Medical Staffing Network Holdings Inc), Credit Agreement (Medical Staffing Network Holdings Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Grantor for liquidation or reorganization, should Borrower any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's any Grantor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment payments and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee oblige of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: Pledge and Security Agreement (Element Solutions Inc), Pledge and Security Agreement (APi Group Corp), Pledge and Security Agreement (Platform Specialty Products Corp)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Grantor for liquidation or reorganization, should Borrower such Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's such Grantor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: Security Agreement (Center for Wound Healing, Inc.), Pledge and Security Agreement (Ann Inc.), Pledge and Security Agreement (Anntaylor Stores Corp)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against any Borrower for liquidation or reorganization, should any Borrower become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of any Borrower's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," ", "fraudulent conveyance," ", or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: Credit Loan Agreement (Sundance Homes Inc), Credit Loan Agreement (Sundance Homes Inc), Revolving Credit Loan Agreement (Sundance Homes Inc)
Reinstatement. This Agreement shall remain in full force and ------------- effect and continue to be effective should any petition be filed by or against any Borrower for liquidation or reorganization, should any Borrower become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of any Borrower's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: Credit Agreement (American Eco Corp), Credit Agreement (Intercept Group Inc), Credit Agreement (Bon Ton Stores Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower for liquidation or reorganization, should Borrower become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's ’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the ObligationsSecured Liabilities, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the ObligationsSecured Liabilities, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations Secured Liabilities shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: Subordination Agreement (NXT-Id, Inc.), Subordination Agreement (NXT-Id, Inc.), Subordinated Security Agreement (NXT-Id, Inc.)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Debtor for liquidation or reorganization, should Borrower Debtor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of BorrowerDebtor's property and assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligationsobligations secured hereby, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligationsobligations secured hereby, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations obligations secured hereby shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: Security Agreement (E Loan Inc), Amended and Restated Security Agreement (E Loan Inc), Amended And (E Loan Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower a Pledgor for liquidation or reorganization, should Borrower a Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors creditors, or should a receiver or trustee be appointed for all or any significant part of Borrower's a Pledgor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: Note Purchase Agreement (China SLP Filtration Technology, Inc.), Stock Pledge Agreement (China Agricorp, Inc), Stock Pledge Agreement (Perpetual Technologies, Inc.)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Loan Party for liquidation or reorganizationan Insolvency Proceeding, should Borrower any Loan Party become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee Creditor Representative be appointed for all or any significant part of Borrower's such Loan Party’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable lawApplicable Law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "”, “fraudulent conveyance," ”, or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: Abl Credit Agreement (WillScot Mobile Mini Holdings Corp.), Abl Credit Agreement (WillScot Mobile Mini Holdings Corp.), Abl Credit Agreement (WillScot Mobile Mini Holdings Corp.)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Pledgor for liquidation or reorganization, should Borrower Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of BorrowerPledgor's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Secured Obligations, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returnedresumed, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: Pledge Agreement (Wilsons the Leather Experts Inc), Pledge Agreement (Wilsons the Leather Experts Inc), 16 Pledge Agreement (Wilsons the Leather Experts Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower the Company for liquidation or reorganization, should Borrower the Company become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrowerthe Company's property and assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligationsobligations under this Agreement and the Notes, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligationssuch obligations, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations such obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: Purchase Agreement (Jumpkicks, Inc.), Purchase Agreement (Amarantus BioSciences, Inc.), Purchase Agreement (Amarantus BioSciences, Inc.)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Grantor for liquidation or reorganization, should Borrower any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's any Grantor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Note Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Note Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Note Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: Security Agreement (Neff Corp), Security Agreement (Neff Finance Corp.), Security Agreement (Neff Rental LLC)
Reinstatement. This Security Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Pledgor for liquidation or reorganization, should Borrower any Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's any Pledgor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "”, “fraudulent conveyance," ”, or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: Security and Pledge Agreement (Beneficient Co Group, L.P.), Security and Pledge Agreement (Beneficient Co Group, L.P.), Security and Pledge Agreement (Beneficient Co Group, L.P.)
Reinstatement. This The provisions of this Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Grantor for liquidation or reorganization, should Borrower such Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's assetssuch Grantor’s assets or should any other financial impairment occur, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and or performance of the ObligationsLender Indebtedness, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by to any obligee of the ObligationsLender Indebtedness, whether as a "“voidable preference," "”, “fraudulent conveyance," ”, or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored restored, or returned, the Obligations Lender Indebtedness shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: Guaranty and Security Agreement (Aventine Renewable Energy Holdings Inc), Guaranty and Security Agreement (Aventine Renewable Energy Holdings Inc), Guaranty and Security Agreement (Aventine Renewable Energy Holdings Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against the Borrower for liquidation or reorganization, should the Borrower become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of the Borrower's ’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 3 contracts
Samples: Credit Agreement (Synnex Corp), Credit Agreement (Synnex Corp), Credit Agreement (Synnex Corp)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Grantor for liquidation or reorganization, should Borrower Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's Grantor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "”, “fraudulent conveyance," ”, or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Security Agreement (Air T Inc), Security Agreement (Air T Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Parent for liquidation or reorganization, should Borrower Parent become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's Parent’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Parent Guaranteed Obligations, or any part thereof, is, pursuant to applicable lawApplicable Law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Parent Guaranteed Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Parent Guaranteed Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Pledge and Guaranty Agreement (Sezzle Inc.), Pledge and Guaranty Agreement (Sezzle Inc.)
Reinstatement. This The provisions of this Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Grantor for liquidation or reorganization, should Borrower such Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's assetssuch Grantor’s assets or should any other financial impairment occur, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and or performance of the ObligationsNotes, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by to any obligee of the ObligationsNotes, whether as a "“voidable preference," "”, “fraudulent conveyance," ”, or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored restored, or returned, the Obligations Notes shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Security Agreement (Aventine Renewable Energy Holdings Inc), Security Agreement (Aventine Renewable Energy Holdings Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Pledgor for liquidation or reorganization, should Borrower Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of BorrowerPledgor's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Secured Obligations, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Loan Agreement (Bti Telecom Corp), Loan Agreement (Bti Telecom Corp)
Reinstatement. This Agreement shall remain in full force ------------- and effect and continue to be effective should any petition be filed by or against Borrower Pledgor for liquidation or reorganization, should Borrower Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of BorrowerPledgor's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Secured Obligations, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Pledge Agreement (Pharmaceutical Resources Inc), Pledge Agreement (Pharmaceutical Resources Inc)
Reinstatement. This Pledge Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Pledgor for liquidation or reorganization, should Borrower any Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's Pledgor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Secured Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Pledge Agreement (Southern Construction Products Inc), Pledge Agreement (Southern Construction Products Inc)
Reinstatement. This Agreement shall remain in full force and ------------- effect and continue to be effective should any petition be filed by or against Borrower for liquidation or reorganization, should Borrower become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Credit Agreement (Measurement Specialties Inc), Credit Agreement (Callaway Golf Co /Ca)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Grantor for liquidation or reorganization, should Borrower any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrowerany Grantor's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, thereof is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "”, “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Credit Agreement (Rotech Healthcare Inc), Credit Agreement (Rotech Healthcare Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Borrowers for liquidation or reorganization, should Borrower Borrowers become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver, interim receiver, receiver and manager or trustee be appointed for all or any significant part of Borrower's Borrowers’ assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Revolving Loan Credit Agreement (Visteon Corp), Revolving Loan Credit Agreement (Visteon Corp)
Reinstatement. This Security Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower the Grantor for liquidation or reorganization, should Borrower the Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrowerthe Grantor's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the ObligationsLiabilities, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the ObligationsLiabilities, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations Liabilities shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Security Agreement (Barneys New York Inc), Security Agreement (Barneys New York Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Grantor for liquidation or reorganization, should Borrower any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's its Grantor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Pledge and Security and Intercreditor Agreement (Neiman Marcus, Inc.), Pledge and Security and Intercreditor Agreement (Neiman Marcus Group Inc)
Reinstatement. This Agreement shall remain in full force and ------------- effect and continue to be effective should any petition be filed by or against Borrower Pledgor for liquidation or reorganization, should Borrower Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of BorrowerPledgor's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Secured Obligations, whether as a "voidable preference," ", "fraudulent conveyance," ", or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Pledge Agreement (Wilsons the Leather Experts Inc), Pledge Agreement (Wilsons the Leather Experts Inc)
Reinstatement. This Agreement shall remain in ------------- full force and effect and continue to be effective should any petition be filed by or against Borrower the Pledgor for liquidation or reorganization, should Borrower the Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrowerthe Pledgor's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," ", "fraudulent conveyance," ", or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such any amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Parent Guarantor (American Eco Corp), Subsidiary Stock Pledge Agreement (American Eco Corp)
Reinstatement. This Guarantee and Collateral Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Loan Party for liquidation or reorganization, should Borrower any Loan Party become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's any such Loan Party’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment payments and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Cheniere Energy Inc), Guarantee and Collateral Agreement (Cheniere Energy Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Pledgor for liquidation or reorganization, should Borrower Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's Pledgor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "”, “fraudulent conveyance," ”, or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Stock Pledge Agreement (Miller Industries Inc /Tn/), Membership Interest Pledge Agreement (FNDS3000 Corp)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Credit Party for liquidation or reorganization, should Borrower any Credit Party become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrowerany Credit Party's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Credit Agreement (Reading International Inc), Credit Agreement (Reading International Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower the Pledgor for liquidation or reorganization, should Borrower the Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's the Pledgor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "”, “fraudulent conveyance," ”, or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Acacia Automotive Inc), Stock Pledge Agreement (Bancinsurance Corp)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower the Pledgor for liquidation or reorganization, should Borrower the Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrowerthe Pledgor's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Secured Obligations, whether as a "voidable violable preference," ", "fraudulent conveyance," ", or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Stock Pledge Agreement (Bcam International Inc), Note Purchase Agreement (Impleo LLC)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower the Issuer for liquidation or reorganization, should Borrower the Issuer become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's any of the Issuer’s assets, and . This Agreement shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable lawLaws, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” any settlement or compromise with any Person (including the Issuer) in respect of such payment or otherwise, or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Convertible Note Facility Agreement (Eco-Stim Energy Solutions, Inc.), Convertible Note Facility Agreement (Eco-Stim Energy Solutions, Inc.)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower the Pledgor or Issuer for liquidation or reorganization, should Borrower the Pledgor or Issuer become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrowerthe Pledgor's assets, assets or the assets of Issuer and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, thereof is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," ", "fraudulent conveyance," ", or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Credit Agreement (Ace Cash Express Inc/Tx), Pledge and Security Agreement (Tidel Technologies Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Grantor for liquidation or reorganization, should Borrower any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's any Grantor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, thereof is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "”, “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Possession Credit Agreement (Rotech Healthcare Inc), Credit Agreement (Rotech Healthcare Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower for liquidation or reorganization, should Borrower become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Secured Obligations, whether as a "voidable preference," "fraudulent conveyance," ", or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Security Agreement (Take Two Interactive Software Inc), Security Agreement (Take Two Interactive Software Inc)
Reinstatement. This Security Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Debtor for liquidation or reorganization, should Borrower any Debtor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's such Debtor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Security Agreement (National Automation Services Inc), Security Agreement (National Automation Services Inc)
Reinstatement. This Agreement Guarantee shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower the Guarantor for liquidation or reorganization, should Borrower the Guarantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's the Guarantor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "”, “fraudulent conveyance," ”, or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Guarantee Agreement (FreightCar America, Inc.), Guarantee Agreement (FreightCar America, Inc.)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Grantor for liquidation or reorganization, should Borrower Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's Grantor’s assets, and . This Agreement shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any such payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Collateral Agreement (Vickers Vantage Corp. I), Collateral Agreement (Sorrento Therapeutics, Inc.)
Reinstatement. This Participation Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any party hereto for liquidation or reorganization, should Borrower any party hereto become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's assetsany party’s assets or properties, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligationsobligations hereunder, or any part thereof, is, pursuant to applicable lawLaw, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligationssuch obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations obligations hereunder shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Participation Agreement (H&r Block Inc), Participation Agreement (H&r Block Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower the Member for liquidation or reorganization, should Borrower the Member become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver receiver, conservator or trustee be appointed for all or any significant part of Borrower's any the Member’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and or performance by Member of the ObligationsIndebtedness or obligations hereunder, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, Bank (whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise), all as though such payment or performance had not been made. In the event that any paymentpayment or performance by Member of the Indebtedness or obligations hereunder, or any part thereof, is so rescinded, reduced, restored or returned, then the Obligations shall be reinstated Indebtedness and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.obligations
Appears in 2 contracts
Samples: Agreement for Advances, Collateral Pledge and Security Agreement (Voya Financial, Inc.), Agreement for Advances, Collateral Pledge and Security Agreement (VOYA RETIREMENT INSURANCE & ANNUITY Co)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower for liquidation or reorganization, should Borrower become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Secured Obligations, whether as a "voidable preference," ", "fraudulent conveyance," ", or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Autobond Acceptance Corp), Securities Purchase Agreement (Eventures Group Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Grantor for liquidation or reorganization, should Borrower any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's any Grantor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Loan Document Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Loan Document Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Loan Document Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Term Credit Agreement (Ascena Retail Group, Inc.), Guaranty and Collateral Agreement (Ascena Retail Group, Inc.)
Reinstatement. This Agreement The provisions of this Mortgage shall to the extent permitted by Applicable Law remain in full force and effect and continue to be effective should even if: (a) any petition be is filed by or against Borrower Owner Trustee for liquidation or reorganization, should Borrower become ; (b) Owner Trustee becomes insolvent or make makes an assignment for the benefit of any creditor or creditors or should creditors; (c) a receiver or trustee be is appointed for all or any significant part of Borrower's Owner Trustee’s assets, and shall continue to be effective ; or to be reinstated, as the case may be, if (d) at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable lawApplicable Law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," transfer” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations and Mortgagee’s Liens in the Collateral shall be reinstated and deemed reduced only by such any amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Mortgage and Security Agreement (Willis Lease Finance Corp), Credit Agreement (Willis Lease Finance Corp)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against any Borrower for liquidation or reorganization, should any Borrower become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of any Borrower's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Credit Agreement (Akorn Inc), Credit Agreement (Akorn Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Pledgor for liquidation or reorganization, should Borrower Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's Pledgor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable lawApplicable Law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "”, “fraudulent conveyance," ”, or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Stock Pledge Agreement (PSS World Medical Inc), Partnership Interest Pledge Agreement (PSS World Medical Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower the Issuer for liquidation or reorganization, should Borrower the Issuer become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's the Issuer’s assets, and . This Agreement shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any such payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Security Agreement (Bloom Energy Corp), Security Agreement (Bloom Energy Corp)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Debtor for liquidation or reorganization, should Borrower any Debtor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's any Debtor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Patent Security Agreement (Nuverra Environmental Solutions, Inc.), Security Agreement (Nuverra Environmental Solutions, Inc.)
Reinstatement. This Agreement To the extent permitted by law, the provisions of this Article 8 shall remain in full force and effect and continue to be effective should in the event any petition be is filed by or against Borrower the Issuer or other Obligors for liquidation or reorganization, should Borrower become in the event the Issuer or any other Obligors becomes insolvent or make makes an assignment for the benefit of any creditor or creditors or should in the event a receiver or trustee be is appointed for all or any significant part of Borrower's assetsthe assets of the Issuer or any other Obligors, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, Guaranteed Obligations or any part thereof, thereof is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the ObligationsNoteholder, whether as a "voidable preference," ", "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any paymentpayment of the Guaranteed Obligations, or any part thereof, is rescinded, reduced, restored or returned, the Guaranteed Obligations or part thereof so rescinded, restored or returned shall be reinstated, and the Guaranteed Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Purchase Agreement (Horizon Offshore Inc), Purchase Agreement (Horizon Offshore Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Grantor for liquidation or reorganization, should Borrower any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrowerany Grantor's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Secured Obligations, whether as a "voidable preference," ", "fraudulent conveyance," ", or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Security Agreement (Cynet Inc), Security Agreement (Cynet Inc)
Reinstatement. This Agreement The provisions of this Section 11 shall remain in full force and effect and continue to be effective should any petition be filed by or against any Borrower for liquidation or reorganization, should any Borrower become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of any Borrower's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the ObligationsLender, whether as a "voidable preference," ", "fraudulent conveyance," ", or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Loan and Security Agreement (Centrum Industries Inc), Loan and Security Agreement (Transcat Inc)
Reinstatement. This Notwithstanding anything contained herein to the contrary, this Security Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Grantor for liquidation or reorganization, should Borrower Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of BorrowerGrantor's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded rescinded, avoided or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," "fraudulent transfer," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In Notwithstanding anything contained herein to the contrary, in the event that any payment, or any part thereof, is rescinded, avoided, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, avoided, reduced, restored or returned.
Appears in 2 contracts
Samples: Security Agreement (Code Alarm Inc), Security Agreement (Code Alarm Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower for liquidation or reorganization, should Borrower become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Credit Agreement (Lasermaster Technologies Inc), Credit Agreement (Ladish Co Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower the Pledgor for liquidation or reorganization, should Borrower the Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors creditors, or should a receiver or trustee be appointed for all or any significant part of Borrower's the Pledgor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable lawApplicable Law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Pledge Agreement (Fossil Inc), Pledge Agreement (Fossil Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower Co-Borrowers for liquidation or reorganization, should Borrower Co-Borrowers become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's Co-Borrowers' assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Pledge Agreement (JRC Acquisition Corp), Credit Agreement (JRC Acquisition Corp)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Grantor for liquidation or reorganization, should Borrower any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's any Grantor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the ObligationsIndebtedness, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the ObligationsIndebtedness, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations Indebtedness shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Credit Agreement (Approach Resources Inc), Guaranty and Pledge Agreement (Approach Resources Inc)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Grantor for insolvency, administration, liquidation or reorganization, should Borrower any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver receiver, administrator or trustee be appointed for all or any significant part of Borrower's any Grantor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable lawApplicable Law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 2 contracts
Samples: Term Loan Credit Agreement (Horizon Global Corp), Foreign Facility Guarantee and Collateral Agreement (Horizon Global Corp)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Grantor for liquidation or reorganization, should Borrower any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrowerany Grantor's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," "fraudulent conveyancetransfer," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 1 contract
Reinstatement. This Agreement The provisions of this Section 6 shall remain in full ------------- force and effect and continue to be effective should even if: (a) any petition be is filed by or against Borrower for liquidation or reorganization, should ; (b) Borrower become becomes insolvent or make makes an assignment for the benefit of any creditor or creditors or should creditors; (c) a receiver or trustee be is appointed for all or any significant part of Borrower's assets, and shall continue to be effective ; or to be reinstated, as the case may be, if (d) at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," "fraudulent conveyance,transfer" or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations and Lender's Liens in the Collateral shall be reinstated and deemed reduced only by such any amount paid and not so rescinded, reduced, restored or returned.
Appears in 1 contract
Samples: Loan and Security Agreement (Heartland Technology Inc)
Reinstatement. This Agreement shall remain in full force and ------------- effect and continue to be effective should any petition be filed by or against Borrower Pledgor for liquidation or reorganization, should Borrower Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be by appointed for all or any significant part of BorrowerPledgor's assets, and shall continue to be effective or to be reinstated, as the case may be, if at it any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," or "fraudulent conveyance," under the Bankruptcy Code, or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored restored, or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 1 contract
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Grantor for liquidation or reorganization, should Borrower any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's any Grantor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.. 26 509265-2041-31480247.14
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Rent a Center Inc De)
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower for liquidation or reorganization, should Borrower become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrower's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to 69 77 applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," "fraudulent conveyance," or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 1 contract
Samples: Credit Agreement (Playcore Inc)
Reinstatement. This Collateral Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower any Grantor for liquidation or reorganization, should Borrower any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part party of Borrower's any Grantor’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 1 contract
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower the Pledgor or Issuer for liquidation or reorganization, should Borrower the Pledgor or Issuer become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Borrowerthe Pledgor's assets, or Issuer's assets and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, thereof is, pursuant to applicable lawLaw, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "voidable preference," ", "fraudulent conveyance," ", or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 1 contract
Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Borrower a Loan Party for liquidation or reorganization, or should Borrower a Loan Party become insolvent or make an a general assignment for the benefit of any creditor or creditors creditors, or should a receiver or trustee be appointed for all or any significant part of Borrower's a Loan Party’s assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a "“voidable preference," "” “fraudulent conveyance," ” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 1 contract
Samples: Amended and Restated Credit Agreement (Talon International, Inc.)
