Rescission of Payments. If any payment received by Bank under this Note or the other Loan Documents is rescinded, avoided or for any reason returned by Bank because of any adverse claim or threatened action, the returned payment shall remain payable as an obligation of all Persons liable under this Note or the other Loan Documents as though such payment had not been made.
Appears in 5 contracts
Samples: Loan Agreement (Superior Uniform Group Inc), Loan Agreement (Superior Uniform Group Inc), Loan Agreement (Superior Uniform Group Inc)
Rescission of Payments. If any payment received by Bank Lender under this Note or the other Loan Documents is rescinded, avoided or for any reason returned by Bank Lender because of any adverse claim or threatened action, the returned payment shall remain payable as an obligation of all Persons liable under this Note or the other Loan Documents as though such payment had not been made.
Appears in 3 contracts
Samples: Loan and Security Agreement (Mega Group Inc), Mega Group Inc, Mega Group Inc
Rescission of Payments. If any payment received by Bank under this Note or under any of the other Loan Documents is rescinded, avoided or for any reason returned by to Bank because of any adverse claim or threatened action, the returned payment shall remain payable as an obligation of all Persons persons and entities liable under this Note or the other Loan Documents as though such payment had not been made.
Appears in 2 contracts
Samples: Loan Agreement (Superior Uniform Group Inc), Loan Agreement (Superior Uniform Group Inc)
