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. The Company's obligations hereunder shall remain in full force and effect until the Commitments shall have terminated and the principal of and interest on the Notes and all other amounts payable by the Company and the Borrower under this Agreement shall have been indefeasibly paid in full. If at any time any payment of the principal of or interest on any Note or any other amount payable by the Borrower under this Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, the Company's obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.

Appears in 10 contracts

Samples: Credit Agreement (Us West Inc), Credit Agreement (U S West Inc /De/), Credit Agreement (Usw-C Inc)

AutoNDA by SimpleDocs

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Company's obligations hereunder shall remain in full force and effect until the Commitments shall have terminated and the principal of and interest on the Notes and all other amounts payable by the Company and the Borrower under this Agreement shall have been indefeasibly paid in full. If at any time any payment of the principal of or interest on any Note or any other amount payable by the Borrower under this Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, the Company's obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.

Appears in 6 contracts

Samples: Credit Agreement (Nortel Networks Corp), Credit Agreement (Nortel Networks LTD), Credit Agreement (Nortel Networks Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Company's ’s obligations as guarantor hereunder shall remain in full force and effect until the Commitments shall have terminated and all obligations of the principal of and interest on the Notes and all other amounts payable by the Company and the Borrower Borrowing Subsidiaries under this Agreement and each other Loan Document shall have been indefeasibly paid in full. If at any time any payment of the principal of or principal, interest on any Note or any other amount payable by the Borrower any Borrowing Subsidiary under or in connection with this Agreement or any other Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower such Borrowing Subsidiary or otherwise, the Company's ’s obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.

Appears in 6 contracts

Samples: Credit Agreement (Bemis Co Inc), Credit Agreement (Bemis Co Inc), Credit Agreement (Bemis Co Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Company's ’s obligations hereunder shall remain in full force and effect until the Commitments shall have terminated and the principal of and interest on the Notes Loans, the L/C Obligations and all other amounts payable by the Company and the Co-Borrower under this Agreement shall have been indefeasibly paid in full. If at any time any payment of the principal of or interest on any Note Loan or any other amount payable by the Co-Borrower under this Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Co-Borrower or otherwise, the Company's ’s obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.

Appears in 5 contracts

Samples: Credit Agreement (LyondellBasell Industries N.V.), Credit Agreement (LyondellBasell Industries N.V.), Guaranty Agreement (LyondellBasell Industries N.V.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Company's ’s obligations hereunder shall survive the Termination Date and remain in full force and effect until the Commitments shall have terminated and the principal of and interest on the Notes, all Reimbursement Obligations, all Advances not evidenced by the Notes and all other amounts payable by the Company and the Borrower each Borrowing Subsidiary under this Agreement shall have been indefeasibly paid in full. If at any time any payment of the principal of or interest on any Note Note, any Reimbursement Obligation, or on any Advance not evidenced by a Note, or any other amount payable by the Borrower any Borrowing Subsidiary under this Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower any Borrowing Subsidiary or otherwise, the Company's ’s obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.

Appears in 4 contracts

Samples: Multicurrency Credit Agreement (Ecolab Inc), Multicurrency Credit Agreement (Ecolab Inc), Multicurrency Credit Agreement (Ecolab Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Company's obligations hereunder shall remain in full force and effect until the Commitments shall have terminated and the principal of and interest on the Notes and all other amounts payable by the Company and the Borrower Capital Funding under this Agreement shall have been indefeasibly paid in full. If at any time any payment of the principal of or interest on any Note or any other amount payable by the Borrower Capital Funding under this Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower Capital Funding or otherwise, the Company's obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.

Appears in 3 contracts

Samples: Credit Agreement (U S West Communications Inc), Credit Agreement (Qwest Communications International Inc), Credit Agreement (U S West Inc /De/)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Company's ’s obligations as guarantor hereunder shall remain in full force and effect until the Commitments shall have terminated and the principal of and interest on the Notes Loans and all other amounts payable by the Company and the Borrower Borrowers under this Agreement shall have been indefeasibly paid in full. If at any time any payment of the principal of or interest on any Note Loan or any other amount payable by any Borrower (other than the Borrower Company) under this Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the such Borrower or otherwise, the Company's ’s obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.

Appears in 3 contracts

Samples: Credit Agreement (Pentair Inc), Credit Agreement (Pentair Inc), Credit Agreement (Pentair Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Each of the Company's ’s obligations hereunder shall remain in full force and effect until the Commitments shall have terminated and the principal of and interest on the Notes Loans and all other amounts payable hereunder by the Company and the each other Borrower under this Agreement shall have been indefeasibly paid in fullfull in cash (or backed by a standby letter of credit or cash collateralized, in each case in amounts and on terms satisfactory to the Administrative Agent). If at any time any payment of the principal of or interest on any Note Loan or any other amount payable by the any other Borrower under this Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the such Borrower or otherwise, the Company's ’s obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.

Appears in 2 contracts

Samples: Credit Agreement (Cummins Inc), Day Credit Agreement (Cummins Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Company's obligations as guarantor hereunder shall remain in full force and effect until the Commitments shall have terminated and the principal of and interest on the Notes Loans and all other amounts payable by the Company and the Borrower Borrowers under this Agreement shall have been indefeasibly paid in full. If at any time any payment of the principal of or interest on any Note Loan or any other amount payable by any Borrower (other than the Borrower Company) under this Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the such Borrower or otherwise, the Company's obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.

Appears in 2 contracts

Samples: Credit Agreement (Pentair Inc), Long Term Credit Agreement (Pentair Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Company's ’s obligations hereunder shall remain in full force and effect until the Commitments shall have terminated and the principal of and interest on the Notes Loans and all other amounts payable by the Company and the Borrower under this Agreement shall have been indefeasibly paid in full. If at any time any payment of the principal of or interest on any Note Loan or any other amount payable by the Borrower under this Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, the Company's ’s obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.

Appears in 2 contracts

Samples: Credit Agreement (LyondellBasell Industries N.V.), Credit Agreement (LyondellBasell Industries N.V.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Company's ’s obligations hereunder shall remain in full force and effect until the Commitments shall have terminated and the principal of and interest on the Notes Loans, the L/C Obligations and all other amounts payable by the Company and the each Designated Borrower under this Agreement shall have been indefeasibly paid in full. If at any time any payment of the principal of or interest on any Note Loan or any other amount payable by the any Designated Borrower under this Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the any Designated Borrower or otherwise, the Company's ’s obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.

Appears in 1 contract

Samples: Assignment and Assumption (Cliffs Natural Resources Inc.)

AutoNDA by SimpleDocs

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Company's obligations hereunder shall remain in full force and effect until the Commitments shall have terminated and the principal of and interest on the Notes Loans of the Borrower and all other amounts payable by the Company and the Borrower under this Agreement shall have been indefeasibly paid in full. If at any time any payment of the principal of or interest on any Note Loan of the Borrower or any other amount payable by the Borrower under this Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, the Company's obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.

Appears in 1 contract

Samples: Credit Agreement (Allergan Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Company's Holdings' obligations hereunder shall remain in full force and effect until the Commitments shall have terminated and the principal of and interest on the Notes and all other amounts payable by the Company and Obligors under the Borrower under this Agreement Loan Documents shall have been indefeasibly paid in full. If at any time any payment of the principal of or interest on any Note or any other amount payable by the Borrower Obligors under this Agreement the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower any Obligor or otherwise, the CompanyHoldings's obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.

Appears in 1 contract

Samples: Evenflo & Spalding Holdings Corp

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Company's obligations hereunder This Agreement shall remain in full force and effect until the Commitments shall have terminated and the principal of and interest on the Notes Loans, the Notes, the L/C Borrowings, and all other amounts whatsoever payable by the Company and the Borrower under this Agreement the Financing Documents shall have been indefeasibly finally paid in full. If at any time any payment of the principal of or interest on any Note or any other such amount payable by the Borrower under this Agreement the Financing Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, the Company's Parent’s obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.

Appears in 1 contract

Samples: Assignment and Assumption (Tyco International LTD /Ber/)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Company's obligations hereunder shall remain in full force and effect until the Commitments shall have terminated and the principal of and interest on the Notes and all other amounts payable by the Company and the Borrower Credit Corporation under this Agreement shall have been indefeasibly paid in full. If at any time any payment of the principal of or interest on any Note or any other amount payable by the Borrower Credit Corporation under this Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower Credit Corporation or otherwise, the Company's obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.

Appears in 1 contract

Samples: Credit Agreement (Kerr McGee Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Company's (i) Borrower’s obligations hereunder under this Agreement shall remain in full force and effect until the Commitments shall have Xxxxxx’s commitment to make Loans has been terminated and the principal of and interest on all of the Notes Loans and all other amounts payable by the Company and the Borrower under this Agreement of Borrower’s Obligations shall have been indefeasibly paid in fullPaid In Full. If at any time any payment of the principal of or interest on any Note Loan or any other amount payable by the Borrower under this Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower such payor or otherwise, the Company's obligations hereunder of Borrower with respect to such payment shall be reinstated at such time as though such payment had been become due but had not been made at such time.

Appears in 1 contract

Samples: Intercompany Loan Agreement (Stonepeak Catarina Holdings LLC)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Company's ’s obligations hereunder shall remain in full force and effect until the Commitments shall have terminated and the principal of and interest on the Notes Loans and all other amounts payable by the Company and the Borrower Borrowers under this Agreement shall have been indefeasibly paid in full. If at any time any payment of the principal of or interest on any Note Loan or any other amount payable by the Borrower Borrowers under this Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower Borrowers or otherwise, the Company's ’s obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.

Appears in 1 contract

Samples: Term Loan Agreement (Jacobs Engineering Group Inc /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.