Common use of Continuation and Reinstatement Clause in Contracts

Continuation and Reinstatement. Each Credit Party further agrees that the security interest granted hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment or any part thereof of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Bank or the Lenders upon the bankruptcy or reorganization of any Credit Party or otherwise.

Appears in 11 contracts

Samples: Debtor in Possession Credit Agreement, Credit, Security, Guaranty and Pledge Agreement (Lions Gate Entertainment Corp /Cn/), Credit, Security, Guaranty and Pledge Agreement (Idt Corp)

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Continuation and Reinstatement. Each Credit Party further agrees that the security interest granted hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment or any part thereof of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Bank or the Lenders any Secured Party upon the bankruptcy or reorganization of any Credit Party or otherwise.

Appears in 3 contracts

Samples: Credit, Security and Guaranty Agreement (Ventas Inc), Credit, Security and Guaranty Agreement (Ventas Inc), Credit Agreement (Ventas Inc)

Continuation and Reinstatement. Each Credit Party further agrees that the security interest granted hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment or any part thereof thereof, of principal or interest on any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Bank or the Lenders Lender upon the bankruptcy or reorganization of any Credit Party or otherwise.

Appears in 2 contracts

Samples: Credit Agreement (Newstar Media Inc), Credit, Security, Guaranty and Pledge Agreement (Dove Entertainment Inc)

Continuation and Reinstatement. Each Credit Party further agrees that the security interest granted hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment or any part thereof of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Bank Agent or the Lenders upon the bankruptcy or reorganization of any Credit Party or otherwise.

Appears in 2 contracts

Samples: Credit, Security, Guaranty and Pledge Agreement (RHI Entertainment, Inc.), Credit, Security, Guaranty and Pledge Agreement (RHI Entertainment, Inc.)

Continuation and Reinstatement. Each Credit Party further agrees that the security interest granted hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment or any part thereof of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Bank or the Lenders upon the bankruptcy or reorganization of any Credit Party or otherwise.

Appears in 2 contracts

Samples: Credit, Security, Guaranty and Pledge Agreement (Crown Media Holdings Inc), Credit, Security, Guaranty and Pledge Agreement (Crown Media Holdings Inc)

Continuation and Reinstatement. Each Credit Party further agrees that the security interest granted hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment or any part thereof of any Obligation is rescinded or must otherwise be restored by the Administrative any Agent, the Issuing Bank Bank, any Lender or the Lenders any other Secured Party upon the bankruptcy or reorganization of any Credit Party or otherwise.

Appears in 2 contracts

Samples: Credit, Security, Guaranty and Pledge Agreement (Genesis Healthcare Corp), Credit, Security, Guaranty and Pledge Agreement (Genesis Health Ventures Inc /Pa)

Continuation and Reinstatement. Each Credit Party further agrees that the security interest granted hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment or any part thereof of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Bank or the Lenders upon the bankruptcy or reorganization of any member of the Credit Party Group or otherwise.

Appears in 1 contract

Samples: Credit Agreement (Idt Corp)

Continuation and Reinstatement. Each Credit Party further agrees that the security interest granted hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment or any part thereof of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Bank Agent or the Lenders upon the bankruptcy or reorganization of any Credit Party or otherwise.

Appears in 1 contract

Samples: Credit Agreement (Family Golf Centers Inc)

Continuation and Reinstatement. Each Credit Party further agrees that the security interest granted hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment or any part thereof of any Obligation is rescinded or must otherwise be restored by the Administrative either Agent, the Issuing Bank Bank, any Lender or the Lenders any other Secured Party upon the bankruptcy or reorganization of any Credit Party or otherwise.

Appears in 1 contract

Samples: Credit, Security, Guaranty and Pledge Agreement (Guilford Mills Inc)

Continuation and Reinstatement. Each Credit Loan Party further agrees that the security interest granted hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment or any part thereof of any Obligation obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Bank or the Lenders any Secured Party upon the bankruptcy or reorganization of any Credit Loan Party or otherwise.

Appears in 1 contract

Samples: Security Agreement (Wiltel Communications Group Inc)

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Continuation and Reinstatement. Each Credit Party further agrees that the security interest granted hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment or any part thereof of any Obligation is rescinded or must otherwise be restored by any of the Administrative Agent, the Issuing Bank Bank, any Lender or the Lenders any other Secured Party upon the bankruptcy or reorganization of any Credit Party or otherwise.

Appears in 1 contract

Samples: Credit Agreement (Genesis Healthcare Corp)

Continuation and Reinstatement. Each Credit Party further agrees that the security interest granted hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment or any part thereof thereof, of principal or interest on any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Bank or the Lenders Lender upon the bankruptcy or reorganization of any Credit Party or otherwise.

Appears in 1 contract

Samples: Credit and Security Agreement (Unapix Entertainment Inc)

Continuation and Reinstatement. Each Credit Party further agrees that the security interest granted hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment or any part thereof of any Secured Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Bank Collateral Agent or the Lenders any other Secured Party upon the bankruptcy or reorganization of any Credit Party or otherwise.

Appears in 1 contract

Samples: Note Agreement (Guilford Mills Inc)

Continuation and Reinstatement. Each Credit Party further agrees that the security interest granted hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment or any part thereof of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Fronting Bank or the Lenders upon the bankruptcy or reorganization of any Credit Party or otherwise.

Appears in 1 contract

Samples: Credit, Security, Guaranty and Pledge Agreement (Trimark Holdings Inc)

Continuation and Reinstatement. Each Credit Party further agrees that the security interest granted hereunder shall continue to be effective or be reinstated, as the case may behe, if at any time payment or any part thereof of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Bank or the Lenders Lender upon the bankruptcy or reorganization of any Credit Party or otherwise.

Appears in 1 contract

Samples: Second Lien Credit, Security and Pledge Agreement (Hollywood Media Corp)

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