Common use of Reinstatement, etc Clause in Contracts

Reinstatement, etc. Guarantor agrees that this Agreement shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Guarantied Obligations is rescinded or must otherwise be restored by any Guarantied Party or any other holder of any Guarantied Obligations, upon the insolvency, bankruptcy or reorganization of Obligor, all as though such payment had not been made.

Appears in 9 contracts

Samples: Guaranty and Subordination Agreement (Conseco Inc), Collateral Agreement (Conseco Inc), Guaranty and Subordination Agreement (Conseco Inc)

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Reinstatement, etc. Guarantor agrees Guarantors agree that this Agreement shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Guarantied Guaranteed Obligations is rescinded or must otherwise be restored by any Guarantied Party or any other holder of any Guarantied ObligationsLender, upon the insolvency, bankruptcy or reorganization of Obligorany Borrower, any other Guarantor or otherwise, all as though such payment had not been made.

Appears in 3 contracts

Samples: Loan and Security Agreement (Headwaters Inc), Loan and Security Agreement (Headwaters Inc), Guaranty and Security Agreement (Cellu Tissue Holdings, Inc.)

Reinstatement, etc. The Guarantor hereby agrees that this Agreement shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Guarantied Obligations is invalidated, declared to be fraudulent or preferential, set aside, rescinded or must otherwise be restored by any Guarantied Party or any other holder Secured Party, including upon the occurrence of any Guarantied Obligations, upon Default set forth in Section 8.1.9 of the insolvency, bankruptcy Credit Agreement or reorganization of Obligorotherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Parent Guaranty and Pledge Agreement (Reddy Ice Holdings Inc)

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Reinstatement, etc. The Guarantor hereby agrees that this Agreement shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Guarantied Guaranteed Obligations is invalidated, declared to be fraudulent or preferential, set aside, rescinded or must otherwise be restored by any Guarantied Party or any other holder the Secured Party, including upon the occurrence of any Guarantied Obligations, upon the insolvency, bankruptcy Default or reorganization Event of ObligorDefault or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Party City Corp)

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