Common use of Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances Clause in Contracts

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 16 contracts

Samples: Credit Agreement (Centerspace), Credit Agreement (Umh Properties, Inc.), Credit Agreement (Centerspace)

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Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 11 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors other Loan Parties under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower any Loan Party or other obligor or any Guarantor guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower such Loan Party or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 11 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 7 contracts

Samples: Credit Agreement (Sonida Senior Living, Inc.), Credit Agreement (Postal Realty Trust, Inc.), Credit Agreement (Postal Realty Trust, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 11 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit that are not Cash Collateralized pursuant to Section 4.5 have expired, and the principal of and interest on the Loans and all other amounts Obligations payable by the Borrower Borrowers and the Guarantors under this Agreement and all other Loan Documents (other than any contingent or indemnification obligations not then due) and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Liability shall have been paid in fullfull or collateralized in a manner reasonably acceptable to the Lender or Affiliate of a Lender to whom such obligations are owed. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the any Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the any Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 11 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 7 contracts

Samples: Credit Agreement (Delek Logistics Partners, LP), Credit Agreement (Delek Logistics Partners, LP), Credit Agreement (Delek US Holdings, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Funds Transfer and Deposit Account Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 5 contracts

Samples: Credit Agreement (Smart Balance, Inc.), Credit Agreement (DG FastChannel, Inc), Credit Agreement (Smart Balance, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each The Borrower’s and each Guarantor’s obligations under this Section 13 11 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors other Loan Parties under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower any Loan Party or other obligor or any Guarantor guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower such Loan Party or other obligor or of any guarantor, or otherwise, the Borrower’s and each Guarantor’s obligations under this Section 13 11 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 4 contracts

Samples: Credit Agreement (Willdan Group, Inc.), Credit Agreement (Willdan Group, Inc.), Credit Agreement (Willdan Group, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Except as provided in Section 5.4, each Guarantor’s obligations under this Section 13 13.B. shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expiredexpired or terminated or are fully collateralized (by cash or letter of credit) on terms reasonably acceptable to the Administrative Agent, and the principal of and interest on the Loans Loans, Notes and all other amounts payable by the Borrower Borrowers and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the any Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the any Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 13.B with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 4 contracts

Samples: Credit Agreement (Arthur J. Gallagher & Co.), Multicurrency Credit Agreement (Gallagher Arthur J & Co), Multicurrency Credit Agreement (Gallagher Arthur J & Co)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower Borrowers and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations have been paid in fullDocuments. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the any Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the any Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 4 contracts

Samples: Credit Agreement (Smucker J M Co), Credit Agreement (Smucker J M Co), Credit Agreement (Smucker J M Co)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each GuarantorLoan Party’s obligations under this Section 13 Article X shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, terminated and the principal of and interest on the Loans and all other amounts payable by the Borrower Borrowers and the Guarantors other Loan Parties under this Agreement and all other Loan Documents (other than contingent indemnification obligations not yet due) and, if then outstanding and unpaidunpaid and owing, all Hedging Liability liabilities relating to Swap Contracts and Bank Product Obligations Cash Management Agreements shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower any Loan Party or other obligor or any Guarantor guarantor under the Loan Documents Documents, any Swap Contract or any agreement relating to Hedging Liability or Bank Product Obligations Cash Management Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower such Loan Party or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 Article X with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 4 contracts

Samples: Credit Agreement (Career Education Corp), Credit Agreement (Career Education Corp), Credit Agreement (Career Education Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s 's obligations under this Section 13 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Revolving Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations have been paid in full. If at any time any payment of the principal of or interest on any Revolving Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s 's obligations under this Section 13 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 3 contracts

Samples: Credit Agreement (Whitestone REIT Operating Partnership, L.P.), Credit Agreement (Whitestone REIT), Credit Agreement (Whitestone REIT Operating Partnership, L.P.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 10 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower Borrowers and the Guarantors other Loan Parties under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower any Loan Party or other obligor or any Guarantor guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower such Loan Party or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 10 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 3 contracts

Samples: Multicurrency Credit Agreement (Fenix Parts, Inc.), Multicurrency Credit Agreement (Fenix Parts, Inc.), Multicurrency Credit Agreement (Fenix Parts, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Subject to Sections 4.3 and 11.8, each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until (i) the Commitments are terminated, all Letters of Credit have expired, terminated and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations (other than contingent indemnification obligations for which no claim has been made) have been paid in fullor (ii) with respect to any Guarantor, if such Person ceases to be a Subsidiary as a result of a transaction not prohibited under the Loan Documents. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 3 contracts

Samples: Credit Agreement (J M SMUCKER Co), Term Loan Credit Agreement (J M SMUCKER Co), Bridge Term Loan Credit Agreement (J M SMUCKER Co)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Revolving Loans, Swing Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations have been paid in full. If at any time any payment of the principal of or interest on any Revolving Loan, Swing Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 3 contracts

Samples: Credit Agreement (Alpine Income Property Trust, Inc.), Credit Agreement (Alpine Income Property Trust, Inc.), Credit Agreement (Consolidated Tomoka Land Co)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Except as set forth in Section 10.12, each Guarantor’s obligations under this Section 13 11 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors other Loan Parties under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower any Loan Party or other obligor or any Guarantor guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower such Loan Party or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 11 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 3 contracts

Samples: Credit Agreement (Dynatrace, Inc.), Credit Agreement (Dynatrace, Inc.), Credit Agreement (Dynatrace, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 10 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Funds Transfer and Deposit Account Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 10 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 3 contracts

Samples: Credit Agreement (BIO-TECHNE Corp), Credit Agreement (BIO-TECHNE Corp), Credit Agreement (Techne Corp /Mn/)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Funds Transfer and Deposit Account Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 3 contracts

Samples: Credit Agreement (Kimball Hill, Inc.), Credit Agreement (National Credit & Guaranty CORP), Credit Agreement (Plexus Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Except as otherwise set forth in Section 4.3 or Section 7.3 hereof, each Guarantor’s obligations under this Section 13 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 3 contracts

Samples: Credit Agreement (Whitestone REIT), Credit Agreement (Whitestone REIT), Credit Agreement (Whitestone REIT)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 11 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors other Loan Parties under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower any Loan Party or other obligor or any Guarantor guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower such Loan Party or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 11 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 3 contracts

Samples: Credit Agreement (Cal-Maine Foods Inc), Credit Agreement (Envestnet, Inc.), Credit Agreement (Envestnet, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 10 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in fullfull in cash. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Funds Transfer and Deposit Account Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 10 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 3 contracts

Samples: Credit Agreement (Sterling Infrastructure, Inc.), Credit Agreement (Sterling Construction Co Inc), Credit Agreement (Sterling Construction Co Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Credit Agreement (Penford Corp), Credit Agreement (Penford Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability (other than any Excluded Swap Obligation) and Bank Product Obligations have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability (other than any Excluded Swap Obligation) or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Credit Agreement (American Finance Trust, Inc), Credit Agreement (American Finance Trust, Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s 's obligations under this Section 13 12 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Funds Transfer and Deposit Account Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s 's obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Credit Agreement (Amcol International Corp), Credit Agreement (Plexus Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s 's obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, terminated and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging unpaid and Funds Transfer and Deposit Account Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Funds Transfer and Deposit Account Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s 's obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Credit Agreement (Intl Fcstone Inc.), Credit Agreement (International Assets Holding Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Products Obligations have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Products Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Credit Agreement (Global Medical REIT Inc.), Credit Agreement (Global Medical REIT Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower Borrower, any Guarantor or other obligor or any Guarantor guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Funds Transfer and Deposit Account Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower Borrower, such Guarantor or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Credit Agreement (StoneX Group Inc.), Credit Agreement (Intl Fcstone Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 10 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors other Loan Parties under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower any Loan Party or other obligor or any Guarantor guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower such Loan Party or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 10 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Credit Agreement (Willdan Group, Inc.), Credit Agreement (Willdan Group, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Except as otherwise set forth in Section 4.3 or Section 7.3 hereof, each Guarantor’s obligations under this Section 13 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full (other than inchoate indemnification or other reimbursement obligations that by their express terms survive payment in full). If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Credit Agreement (Whitestone REIT), Credit Agreement (Whitestone REIT)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Except as otherwise set forth in Section 4.3 or Section 7.3 hereof, each Affiliate Guarantor’s obligations under this Section 13 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Affiliate Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Affiliate Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Affiliate Guarantor’s obligations under this Section 13 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Credit Agreement (Pillarstone Capital Reit), Credit Agreement (Whitestone REIT)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Credit Agreement (LTC Properties Inc), Credit Agreement (LTC Properties Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Credit Agreement (CTS Corp), Credit Agreement (CTS Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 Guaranty shall remain in full force and effect until such time as the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Guaranteed Obligations shall have been paid in full; provided, however, that the Administrative Agent agrees to deliver a written termination of this Guaranty after the second anniversary of the Second Amendment Effective Date if, at such time, the Borrower has delivered a Borrowing Base Certificate giving effect to the deletion of the Eligible Properties owned by the PROP Subsidiaries from the calculation of the Borrowing Base and no Default or Event of Default then exist and is continuing. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Guaranteed Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 Guaranty with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Limited Guaranty (Pillarstone Capital Reit), Limited Guaranty (Whitestone REIT)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Except as set forth in Section ‎7.03(c) or Section ‎9.06, each Guarantor’s obligations under this Section 13 Article ‎XI shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, terminated and the principal of and interest on the Loans Advances and LC Reimbursement Obligations and all other amounts payable by the Borrower Company and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations (other than contingent obligations for which no claim has been made) have been paid in fullfull in cash. If at any time any payment of the principal of or interest on any Loan Advance or any LC Reimbursement Obligation or any other amount payable by the Borrower Company or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower Company or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 Article ‎XI with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Revolving Credit and Letter of Credit Agreement (Cigna Group), Revolving Credit and Letter of Credit Agreement (Cigna Group)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Except as provided in Section 5.3, each Guarantor’s obligations under this Section 13 13.B. shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Loans, Notes and all other amounts payable by the Borrower Borrowers and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the any Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the any Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 13.B with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Gallagher Arthur J & Co), Multicurrency Credit Agreement (Gallagher Arthur J & Co)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Credit Agreement (Whitestone REIT Operating Partnership, L.P.), Credit Agreement (Whitestone REIT)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each The Borrower’s and each Guarantor’s obligations under this Section 13 11 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors other Loan Parties under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Obligations, shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower any Loan Party or other obligor or any Guarantor guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower such Loan Party or other obligor or of any guarantor, or otherwise, the Borrower’s and each Guarantor’s obligations under this Section 13 11 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Credit Agreement (Performant Financial Corp), Credit Agreement (Performant Financial Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 10 shall remain in full force and effect until the Commitments Facilities are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors other Loan Parties under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower any Loan Party or other obligor or any Guarantor guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower such Loan Party or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 10 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Credit Agreement (Pioneer Power Solutions, Inc.), Credit Agreement (Pioneer Power Solutions, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s 's obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower Borrowers and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability, shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the any Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the any Borrower or other obligor or of any guarantorGuarantor, or otherwise, each Guarantor’s 's obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Credit Agreement (Racing Champions Corp), Credit Agreement (Racing Champions Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 hereunder shall remain in full force and effect and shall not be discharged until the Commitments are terminated, such time as all Letters of Credit have expired, and the principal of of, Make-Whole Amount, if any, and interest on the Loans Notes, the other Guaranteed Obligations and all other amounts payable by the Borrower and the Guarantors independent payment obligations of such Guarantor under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Guaranty shall have been paid in full in cash and performed in full, and all of the agreements of each of the other Guarantors hereunder shall be duly paid in cash and performed in full. If at any time any payment of the principal of of, Make-Whole Amount, if any, or interest on any Loan or any Reimbursement Obligation Note or any other amount payable by the Borrower or other obligor Company or any Guarantor other party under the Loan Documents Note Purchase Agreement, any Note or any agreement relating to Hedging Liability or Bank Product Obligations other Transaction Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrower or other obligor or of any guarantor, Company or otherwise, each Guarantor’s obligations under this Section 13 hereunder with respect to such payment shall be reinstated at such time as though such payment had become been due but had not been made at such time.

Appears in 2 contracts

Samples: Note Purchase and Master Note Agreement (Stepan Co), Note Purchase and Private Shelf Agreement (Stepan Co)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Credit Agreement (Penford Corp), Credit Agreement (Penford Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s of the Guarantors' obligations under this Section 13 hereunder shall remain in full force and effect until all Guaranteed Indebtedness (other than contingent indemnity obligations and Indebtedness in respect of Swap Agreements) shall have been paid in full in cash and the Commitments are terminated, and all Letters of Credit issued under the Credit Agreement shall have expiredterminated or expired or, and in the principal case of and interest all Letters of Credit, are fully collateralized on terms reasonably acceptable to the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations have been paid in fullAdministrative Agent. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation reimbursement obligation in respect of LC Disbursements or any other amount payable by the any Borrower or any other obligor party under the Credit Agreement, any Swap Agreement or any Guarantor under the other Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, bankruptcy or reorganization of the any Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s of the Guarantors' obligations under this Section 13 hereunder with respect to such payment shall be reinstated at such time as though such payment had become been due but had not been made at such time.

Appears in 2 contracts

Samples: Guaranty (Quest Resource Corp), Guaranty (Quest Resource Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Unless earlier terminated in accordance with Section 4.1(b), each Guarantor’s obligations under this Section 13 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability (other than any Excluded Swap Obligation) and Bank Product Obligations have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability (other than any Excluded Swap Obligation) or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Credit Agreement (Necessity Retail REIT, Inc.), Credit Agreement (American Finance Trust, Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 2 contracts

Samples: Credit Agreement (Alpine Income Property Trust, Inc.), Credit Agreement (CTO Realty Growth, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s Except as provided in Section 4(B) below, each of the Guarantors’ obligations under this Section 13 hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been paid in full in cash (other than contingent indemnity obligations for which no claim has been made) and the Commitments are terminated, and all Letters of Credit issued under the Credit Agreement shall have expiredterminated or expired or, and in the principal case of and interest all Letters of Credit, are fully collateralized on terms reasonably acceptable to the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations have been paid in fullAdministrative Agent. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or any other obligor party under the Credit Agreement, any agreement evidencing a Rate Management Transaction or any Guarantor under the other Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s of the Guarantors’ obligations under this Section 13 hereunder with respect to such payment shall be reinstated at such time as though such payment had become been due but had not been made at such time.

Appears in 1 contract

Samples: Guaranty (Encore Capital Group Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Funds Transfer and Deposit Account Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantorGuarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Nobel Learning Communities Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Funds Transfer and Deposit Account Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantorGuarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Nobel Learning Communities Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s 's obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s 's obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Rent Way Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents (other than unasserted contingent indemnification obligations) and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Funds Transfer and Deposit Account Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Lecg Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower Borrowers and the Guarantors other Loan Parties under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower any Loan Party or other obligor or any Guarantor guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower such Loan Party or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Hub Group, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents or any agreement relating to Hedging Liability or Funds Transfer and Bank Product Liability and, if then outstanding and unpaid, all Hedging Liability and Funds Transfer and Bank Product Obligations Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (CTS Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Term Loan Agreement (Centerspace)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, terminated and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors any Debtor or any Regulated Guarantor under this Agreement and all other Loan Credit Documents and, if then outstanding and unpaid, all Hedging Liability and obligations in respect of Bank Product Obligations Products (other than Excluded Swap Obligations) shall have been paid in fullfull (such event, “Paid in Full”, “Pay in Full” or “Payment in Full”) . If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower any Debtor, any Regulated Guarantor or other obligor or any Guarantor guarantor under the Loan Credit Documents or any agreement relating to Hedging Liability or Bank Product Obligations Products is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower such Person or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Loan and Security Agreement (1st FRANKLIN FINANCIAL CORP)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower Borrowers and the Guarantors under this Agreement and all other Loan Documents or any agreement relating to Hedging Liability or Funds Transfer and Bank Product Liability and, if then outstanding and unpaid, all Hedging Liability and Funds Transfer and Bank Product Obligations Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the a Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the such Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (CTS Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each GuarantorLoan Party’s obligations under this Section 13 Article X shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, terminated and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors other Loan Parties under this Agreement and all other Loan Documents (other than contingent indemnification obligations not yet due) and, if then outstanding and unpaidunpaid and owing, all Hedging Liability liabilities relating to Swap Contracts and Bank Product Obligations Cash Management Agreements shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower any Loan Party or other obligor or any Guarantor guarantor under the Loan Documents Documents, any Swap Contract or any agreement relating to Hedging Liability or Bank Product Obligations Cash Management Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower such Loan Party or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 Article X with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (PERDOCEO EDUCATION Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower Borrowers and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower Borrowers or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Funds Transfer and Deposit Account Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the any Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Sparton Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower Borrowers and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability, shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the any Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Funds Transfer and Deposit Account Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the any Borrower or other obligor or of any guarantorGuarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Rc2 Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower Borrowers and the Guarantors under Guarantorsunder this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability, shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the any Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Funds Transfer and Deposit Account Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the any Borrower or other obligor or of any guarantorGuarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Rc2 Corp)

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Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 11 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors other Loan Parties under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Cash Management Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower any Loan Party or other obligor or any Guarantor guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Cash Management Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower such Loan Party or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 11 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Neutral Tandem Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 11 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors other Loan Parties under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in fullfull (other than unasserted contingent indemnification obligations and unasserted expense reimbursement obligations). If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower any Loan Party or other obligor or any Guarantor guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower such Loan Party or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 11 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Shimmick Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, all Hedging Liability has been paid in full (or other arrangements satisfactory to each Hedging Counterparty have been made), and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (CTO Realty Growth, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any other guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Lincoln Educational Services Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 14 shall remain in full force and effect until the Revolver Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other Obligations and amounts payable by the Borrower Borrowers and the Guarantors other Obligors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Secured Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation other Obligations or any other amount payable by the Borrower or other obligor any Obligor or any Guarantor guarantor under the Loan Documents or any agreement relating to Hedging Liability or Secured Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor such Obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 14 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Loan and Security Agreement (Americas Carmart Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower Borrowers and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability, shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the any Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Funds Transfer and Deposit Account Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the any Borrower or other obligor or of any guarantorGuarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Rc2 Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s 's obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s 's obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (LTC Properties Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s 's obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Funds Transfer and Deposit Account Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s 's obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Lamson & Sessions Co)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s 's obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the relevant Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the relevant Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Funds Transfer and Deposit Account Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the relevant Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s 's obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Lojack Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantorGuarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Unified Western Grocers Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Except as set forth in Section 7.03(c) or Section 9.06, each Guarantor’s 's obligations under this Section 13 Article XI shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, terminated and the principal of and interest on the Loans Advances and LC Reimbursement Obligations and all other amounts payable by the Borrower Company and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations (other than contingent obligations for which no claim has been made) have been paid in fullfull in cash. If at any time any payment of the principal of or interest on any Loan Advance or any LC Reimbursement Obligation or any other amount payable by the Borrower Company or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower Company or other obligor or of any guarantor, or otherwise, each Guarantor’s 's obligations under this Section 13 Article XI with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Revolving Credit and Letter of Credit Agreement (Cigna Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expiredexpired or been cancelled by the applicable L/C Issuer, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors other Loan Parties under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower any Loan Party or other obligor or any Guarantor guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower such Loan Party or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Hub Group, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower Borrowers and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the any Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the any Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Amcol International Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s of the Guarantors’ obligations under this Section 13 hereunder shall remain in full force and effect until all Guaranteed Obligations (other than contingent indemnity obligations and Obligations in respect of Hedging Agreements) shall have been paid in full in cash and the Commitments are terminated, and all Letters of Credit issued under each Credit Agreement shall have expiredterminated or expired or, and in the principal case of and interest all Letters of Credit, are fully collateralized on terms reasonably acceptable to the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations have been paid in fullAdministrative Agent. If at any time any payment of the principal of or interest on any Revolving Loan or any Reimbursement Obligation reimbursement obligation in respect of LC Disbursements or any other amount payable by the Borrower or any other obligor party under any Credit Agreement, any Hedging Agreement or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations other Credit Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s of the Guarantors’ obligations under this Section 13 hereunder with respect to such payment shall be reinstated at such time as though such payment had become been due but had not been made at such time.

Appears in 1 contract

Samples: Guaranty (Inergy L P)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Subsidiary Guarantor’s 's obligations under this Section 13 hereunder shall remain in full force and effect until until, in the Commitments are terminatedcase of the Revolving Credit Loan/Tranche A Term Loan Guarantors, all Letters of the Revolving Credit Loan/Tranche A Term Loan Obligations have expired, been paid in full and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Revolving Credit Loan Documents Commitments have been terminated and, if then outstanding and unpaidin the case of the Tranche C Term Loan Guarantor, all Hedging Liability and Bank Product the Tranche C Term Loan Obligations have been paid in full. If at any time any the payment of the principal of or interest on any Loan or any Reimbursement Obligation Note or any other amount payable by the Borrower Borrower, in respect of the Revolving Credit Loan Facility and the Tranche A Term Loans or other obligor or the Tranche C Term Loans under any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Financing Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each the applicable Subsidiary Guarantor’s 's obligations under this Section 13 hereunder with respect to such payment shall be reinstated at such time as though such payment had become been due but had not been made at such time.

Appears in 1 contract

Samples: Credit, Reimbursement and Exchange Agreement (Aes Corporation)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Revolving Loans, Swing Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations have been paid in full. If at any time any payment of the principal of or interest on any Revolving Loan, Swing Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Trade Street Residential, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Funds Transfer and Deposit Account Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: First Lien Credit Agreement (Excelligence Learning Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s of the Guarantors’ obligations under this Section 13 hereunder shall remain in full force and effect until all Guaranteed Obligations (other than contingent indemnity obligations) shall have been paid in full in cash and the Commitments are terminated, and all Letters of Credit issued under the Credit Agreement shall have terminated or expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations have been paid in full. If at any time any payment of the principal of or interest on any Loan or Loan, any Reimbursement Obligation or any other amount payable by the Borrower or any other obligor party under the Credit Agreement, any Swap Agreement, any Banking Services Agreement or any Guarantor under the other Loan Documents Document (including a payment effected through exercise of a right of setoff) is rescinded, or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrower or other obligor or otherwise (including pursuant to any settlement entered into by a Holder of any guarantor, or otherwiseGuaranteed Obligations in its discretion), each Guarantor’s of the Guarantors’ obligations under this Section 13 hereunder with respect to such payment shall be reinstated at such time as though such payment had become been due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Zebra Technologies Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents or any agreement relating to Hedging Liability or Funds Transfer and Deposit Account Liability and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (CTS Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each The Borrowers’ and each Guarantor’s obligations under this Section 13 Article 10 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower Borrowers and the Guarantors other Loan Parties under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability Rate Protection Obligations and Bank Product Obligations obligations in connection with Cash Management Services shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower any Loan Party or other obligor or any Guarantor guarantor under the Loan Documents or any agreement relating to Hedging Liability Rate Protection Obligations or Bank Product Obligations agreements with respect to Cash Management Agreements is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower such Loan Party or other obligor or of any guarantor, or otherwise, the Borrowers’ and each Guarantor’s obligations under this Section 13 Article 11 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Lendway, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Unless specifically released in accordance with Section 10.02(b), each Subsidiary Guarantor’s 's obligations under this Section 13 hereunder shall remain in full force and effect until the Commitments are terminated, all Letters of Credit Commitment shall have expired, terminated and the principal of and interest on the Loans Notes and all other amounts then due and payable by the Borrower and the Guarantors Company under this Agreement and all the other Loan Financing Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation Note or any other amount payable by the Borrower or other obligor Company under this Agreement or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations other Financing Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrower or other obligor or of any guarantor, Company or otherwise, each Subsidiary Guarantor’s 's obligations under this Section 13 hereunder with respect to such payment shall be reinstated at such time as though such payment had become been due but had not been made at such time. In the event that any Subsidiary Guarantor shall cease to be a Subsidiary of the Company, if permitted by the terms of this Agreement and if at such time and after such event no Default shall have occurred and be continuing, the obligations of such Subsidiary Guarantor shall be deemed terminated at such time.

Appears in 1 contract

Samples: Note Purchase Agreement (Medaphis Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s 's obligations under this Section 13 12 shall remain in full force and effect until (i) the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in fullfull or (ii) such Guarantor is released pursuant to the terms hereof. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s 's obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (CalAmp Corp.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Unless earlier released pursuant to Section 6.11(b) of the Credit Agreement, the Guarantor’s obligations under this Section 13 Guaranty shall remain in full force and effect until the Commitments are under the Credit Agreement shall have expired or been terminated, all no Letters of Credit have expired, and the principal of and interest on the Loans shall be outstanding and all other amounts Obligations payable by the Borrower and Guaranteed Borrowers under the Guarantors under this Agreement and all other Loan Credit Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in fullfull in cash. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount due and payable by the Borrower or other obligor or any Guarantor Guaranteed Borrowers under the Loan Credit Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrower or other obligor or of any guarantor, Guaranteed Borrowers or otherwise, each the Guarantor’s obligations under this Section 13 Guaranty with respect to such payment shall be reinstated at such time as though such payment had become been due but had not been made at the time of such timereinstatement.

Appears in 1 contract

Samples: Subsidiary Guaranty (Arch Capital Finance LLC)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, terminated and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Funds Transfer and Deposit Account Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Excelligence Learning Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Subsidiary Guarantor’s obligations under this Section 13 hereunder shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Guaranteed Obligations shall have been indefeasibly paid in full, the Commitments under the Credit Agreement shall have terminated or expired and the obligations under all Applicable Swap Agreements have terminated or expired or substitute credit shall have been provided to the applicable counterparty in a manner and amount as agreed between the Company and the applicable counterparty. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation promissory note or any other amount payable by any of the Borrower or other obligor Borrowers or any Guarantor other party under the Loan Documents Credit Agreement, any Applicable Swap Agreement or any agreement relating to Hedging Liability or Bank Product Obligations other Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, bankruptcy or reorganization of any of the Borrower or other obligor or of any guarantor, Borrowers or otherwise, each Subsidiary Guarantor’s obligations under this Section 13 hereunder with respect to such payment shall be reinstated at such time as though such payment had become been due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Yrc Worldwide Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. “Section 13.3. Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances” \l 2 . Each Guarantor’s obligations under this Section 13 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Revolving Loans, Swing Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations have been paid in full. If at any time any payment of the principal of or interest on any Revolving Loan, Swing Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Alpine Income Property Trust, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s 's obligations under this Section 13 11 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the any Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the any Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the any Borrower or other obligor or of any guarantorGuarantor, or otherwise, each Guarantor’s 's obligations under this Section 13 11 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Penford Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, and all Funds Transfer and Deposit Account Liability and all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Funds Transfer and Deposit Account Liability or Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantorGuarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Unified Western Grocers Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s 's obligations under this Section 13 12 shall remain in full force and effect until the Commitments are terminated, all agreements giving rise to Hedging Liability and ACH and Overdraft Liability have terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations ACH and Overdraft Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations and ACH and Overdraft Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s 's obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Check Technology Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 10 shall remain in full force and effect until the Revolving Commitments are terminated, all Letters of Credit have expired, terminated and the principal of and interest on the Loans and all other amounts payable by the Borrower BorrowerBorrowers and the Guarantors other Credit Parties under this Agreement and all other Loan Credit Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower any Credit Party or Guarantor or other obligor or any Guarantor guarantor under the Loan Credit Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower such Credit Party or Guarantor or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 10 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Revolving Credit Agreement (OppFi Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 12 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Revolving Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations have been paid are indefeasibly repaid in full. If at any time any payment of the principal of or interest on any Revolving Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantorGuarantor, or otherwise, each Guarantor’s obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (LTC Properties Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 10 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in fullfull in cash. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Funds Transfer and Deposit Account Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 10 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Cynergistek, Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s 's obligations under this Section 13 12 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower Borrowers and the Guarantors under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations Funds Transfer and Deposit Account Liability shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any Reimbursement Obligation or any other amount payable by the any Borrower or other obligor or any Guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations Funds Transfer and Deposit Account Liability is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the any Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s 's obligations under this Section 13 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Amcol International Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 11 shall remain in full force and effect until the Commitments are terminated, all Letters of Credit have expired, terminated and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors other Loan Parties under this Agreement and all other Loan Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower any Loan Party or other obligor or any Guarantor guarantor under the Loan Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower such Loan Party or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 11 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Credit Agreement (Commercial Credit, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under this Section 13 10 shall remain in full force and effect until the Revolving Commitments are terminated, all Letters of Credit have expired, terminated and the principal of and interest on the Loans and all other amounts payable by the Borrower and the Guarantors other Credit Parties under this Agreement and all other Loan Credit Documents and, if then outstanding and unpaid, all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by the Borrower any Credit Party or Guarantor or other obligor or any Guarantor guarantor under the Loan Credit Documents or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower such Credit Party or Guarantor or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this Section 13 10 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time.

Appears in 1 contract

Samples: Revolving Credit Agreement (OppFi Inc.)

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