Common use of Revival of Obligations Clause in Contracts

Revival of Obligations. If all or any part of any payment on account of the Subordinated Debt Documents or this Agreement shall be invalidated, set aside, declared or found to be void or voidable or required to be repaid to the issuer or to any trustee, custodian, receiver, conservator, master, liquidator or any other person pursuant to any bankruptcy law or pursuant to any common law or equitable cause then, to the extent of such invalidation, set aside, voidness, voidability or required repayment, such payment shall be deemed to not have been paid, and the obligations of the Company in respect thereof shall be immediately and automatically revived without the necessity of any action by CS/FB.

Revival of Obligations. If all or any part of any payment on account of the Subordinated Debt Documents Existing Agreements or this Agreement shall be invalidated, set aside, declared or found to be void or voidable or required to be repaid to the issuer or to any trustee, custodian, receiver, conservator, master, liquidator or any other person pursuant to any bankruptcy law or pursuant to any common law or equitable cause then, to the extent of such invalidation, set aside, voidness, voidability or required repayment, such payment shall be deemed to not have been paid, and the obligations of the Company in respect thereof shall be immediately and automatically revived without the necessity of any action by CS/FBthe Lender.