Common use of Revival and Reinstatement Clause in Contracts

Revival and Reinstatement. If the Guaranteed and Secured Parties are required to pay, return or restore to a Borrower or any other Person any amounts previously paid on the Guaranteed Obligations because of any proceeding under any Debtor Relief Laws, any stop notice or any other reason, the obligations of the Guarantors shall be reinstated and revived, and the rights of the Guaranteed and Secured Parties shall continue with regard to such amounts, all as though they had never been paid.

Revival and Reinstatement. If the Guaranteed and Secured Parties are required to pay, return or restore to a the Borrower or any other Person any amounts previously paid on the Guaranteed Obligations because of any proceeding under Insolvency Proceeding of the Borrower or any Debtor Relief Lawsother Person, any stop notice or any other reason, the obligations of the Guarantors Guarantor shall be reinstated and revived, and the rights of the Guaranteed and Secured Parties shall continue with regard to such amounts, all as though they had never been paid.

Revival and Reinstatement. If the Guaranteed and Secured Parties are required to pay, return or restore to a Borrower or any other Person any amounts previously paid on the Guaranteed Obligations because of any proceeding under any Debtor Relief Laws, any stop notice or any other reason, the obligations of the Guarantors shall be reinstated and revived, and the rights of the Guaranteed and Secured Parties shall continue with regard to such amounts, all as though they had never been paid.

Revival and Reinstatement. If the Guaranteed and Secured Parties are required to pay, return or restore to a the Borrower or any other Person any amounts previously paid on the Guaranteed Obligations because of any proceeding under Insolvency Proceeding of the Borrower or any Debtor Relief Lawsother Person, any stop notice or any other reason, the obligations of the Guarantors shall be reinstated and revived, and the rights of the Guaranteed and Secured Parties shall continue with regard to such amounts, all as though they had never been paid.

Revival and Reinstatement. If the Guaranteed and Secured Parties are required to pay, return or restore to a Borrower or any other Person any amounts previously paid on the Guaranteed Obligations because of any proceeding under any Debtor Relief Laws, any stop notice or any other reason, the obligations of the Guarantors shall be reinstated and revived, and the rights of the Guaranteed and Secured Parties shall continue with regard to such amounts, all as though they had never been paid.