Common use of Rescinded, Avoided or Returned Payments Clause in Contracts

Rescinded, Avoided or Returned Payments. If at any time any part of any payment previously applied by Lender to any of the Liabilities is rescinded, avoided or returned by Lender for any reason, including the insolvency, bankruptcy or reorganization of the Guarantor or any other party, such Liabilities will be deemed to have continued in existence to the extent that such payment is rescinded, avoided or returned, and this Guaranty will be reinstated as to such Liabilities as though such prior application by Lender had not been made.

Rescinded, Avoided or Returned Payments. If at any time any part of any payment previously applied by the Lender to any of the Liabilities is rescinded, avoided or returned by the Lender for any reason, including the insolvency, bankruptcy or reorganization of any of the Guarantor or any other party, such Liabilities will shall be deemed to have continued in existence to the extent that such payment is rescinded, avoided or returned, and this Guaranty will shall be reinstated as to such Liabilities as though such prior application by the Lender had not been made.

Rescinded, Avoided or Returned Payments. If at any time any part of any payment previously applied by the Lender to any of the Liabilities is rescinded, avoided or returned by the Lender for any reason, including the insolvency, bankruptcy or reorganization of the Guarantor or any other party, such Liabilities will shall be deemed to have continued in existence to the extent that such payment is rescinded, avoided or returned, and this Guaranty will shall be reinstated as to such Liabilities as though such prior application by the Lender had not been made.

Rescinded, Avoided or Returned Payments. If at any time any part of any payment previously applied by the Lender to any of the Liabilities is rescinded, avoided or returned by the Lender for any reason, including the insolvency, bankruptcy or reorganization of the any Guarantor or any other party, such Liabilities will shall be deemed to have continued in existence to the extent that such payment is rescinded, avoided or returned, and this Guaranty will shall be reinstated as to such Liabilities as though such prior application by the Lender had not been made.