Common use of Discharge Only Upon Payment In Full Clause in Contracts

Discharge Only Upon Payment In Full. Reinstatement In Certain Circumstances. Each of the Subsidiary Guarantors' obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been indefeasibly paid in full and the Commitments under the Credit Agreement shall have terminated or expired. If at any time any payment of the principal of or interest on any Note or any other amount payable by the Principal or any other party under the Credit Agreement or any other Credit Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Principal or otherwise, each of the Subsidiary Guarantor's obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time.

Appears in 3 contracts

Samples: Credit Agreement (Pulte Homes Inc/Mi/), Credit Agreement (Pulte Homes Inc/Mi/), Credit Agreement (Pulte Homes Inc/Mi/)

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Discharge Only Upon Payment In Full. Reinstatement In Certain Circumstances. Each of the Subsidiary Guarantors' The Guarantor's obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been indefeasibly paid in full and full, the Commitments under the Credit Agreement shall have terminated or expired and all Rate Management Transactions have terminated or expired. If at any time any payment of the principal of or interest on any Note or any other amount payable by the Principal or any other party under the Credit Agreement Agreement, any Rate Management Transaction or any other Credit Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Principal or otherwise, each of the Subsidiary Guarantor's obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time.

Appears in 3 contracts

Samples: Credit Agreement (Parallel Petroleum Corp), Credit Agreement (Parallel Petroleum Corp), Parent Guaranty (Daisytek International Corporation /De/)

Discharge Only Upon Payment In Full. Reinstatement In Certain Circumstances. Each of the Subsidiary Guarantors' Guarantor's obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been indefeasibly paid in full and full, the Commitments under the Credit Agreement shall have terminated or expired and all Rate Management Transactions have terminated or expired. If at any time any payment of the principal of or interest on any Note or any other amount payable by the Principal or any other party under the Credit Agreement Agreement, any Rate Management Transaction or any other Credit Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Principal or otherwise, each of the Subsidiary Guarantor's obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time.

Appears in 2 contracts

Samples: Credit Agreement (Clarcor Inc), Subsidiary Guaranty (Daisytek International Corporation /De/)

Discharge Only Upon Payment In Full. Reinstatement In Certain Circumstances. Each of the Subsidiary Guarantors' obligations hereunder shall remain in full force and effect until all Guaranteed Obligations (other than contingent indemnity obligations) shall have been indefeasibly paid in full in cash and the Commitments and all Facility LCs issued under the 3-Year Credit Agreement shall have terminated or expired. If at any time any payment of the principal of or interest on any Note Advance, any Reimbursement Obligation or any other amount payable by the Principal any Borrower or any other party under the Credit Agreement Agreements or any other Credit Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Principal any Borrower or otherwise, each of the Subsidiary Guarantor's Guarantors' obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time.

Appears in 2 contracts

Samples: Assignment Agreement (Acuity Brands Inc), Assignment Agreement (Acuity Brands Inc)

Discharge Only Upon Payment In Full. Reinstatement In Certain Circumstances. Each of the Subsidiary Guarantors' The Guarantor's obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been indefeasibly paid in full and full, all commitments of the Commitments Bank under the Credit Agreement shall have terminated or expired. If at any time any payment of the principal Borrower of or interest on any Note or any other amount payable by the Principal Borrower or any other party under the Credit Agreement or any other Credit Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Principal Borrower or otherwise, each of the Subsidiary Guarantor's obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time.

Appears in 1 contract

Samples: Credit Agreement (Obsidian Enterprises Inc)

Discharge Only Upon Payment In Full. Reinstatement In Certain Circumstances. Each of the Subsidiary Guarantors' obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been indefeasibly paid in full in cash and the Commitments and all Facility LCs issued under the Credit Agreement shall have terminated or expired. If at any time any payment of the principal of or interest on any Note Advance, any Reimbursement Obligation or any other amount payable by the Principal Borrower or any other party under the Credit Agreement Agreement, any Designated Financial Contract or any other Credit Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Principal Borrower or otherwise, each of the Subsidiary Guarantor's Guarantors' obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time.

Appears in 1 contract

Samples: Assignment Agreement (Applebees International Inc)

Discharge Only Upon Payment In Full. Reinstatement In Certain Circumstances. Each The obligations of the Subsidiary Guarantors' obligations Guarantor hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been indefeasibly paid in full and full, the Commitments under the Credit Agreement shall have terminated or expired and all Rate Management Transactions have terminated or expired. If at any time any payment of the principal Borrower of or interest on any Note or any other amount payable by the Principal Borrower or any other party under the Credit Agreement Agreement, any Rate Management Transaction or any other Credit Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Principal Borrower or otherwise, each of the Subsidiary Guarantor's obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time.

Appears in 1 contract

Samples: Guaranty (Petroquest Energy Inc)

Discharge Only Upon Payment In Full. Reinstatement In Certain Circumstances. Each of the Subsidiary Guarantors' obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been indefeasibly paid in full in cash and the Commitments under the Credit Agreement shall have terminated or expired. If at any time any payment of the principal of or interest on any Note Advance or any other amount payable by the Principal Borrower or any other party under the Credit Agreement Facility Agreements or any other Credit Facility Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Principal Borrower or otherwise, each of the Subsidiary Guarantor's Guarantors' obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time.

Appears in 1 contract

Samples: Guaranty (American National Can Group Inc)

Discharge Only Upon Payment In Full. Reinstatement In Certain Circumstances. Each of the The Subsidiary Guarantors' Guarantor's obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been indefeasibly paid in full and full, the Commitments under the Credit Agreement shall have terminated or expired and all Rate Management Transactions have terminated or expired. If at any time any payment of the principal of or interest on any Note or any other amount payable by the Principal or any other party under the Credit Agreement Agreement, any Rate Management Transaction or any other Credit Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Principal or otherwise, each of the Subsidiary Guarantor's obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time.

Appears in 1 contract

Samples: Subsidiary Guaranty (Airnet Systems Inc)

Discharge Only Upon Payment In Full. Reinstatement In Certain Circumstances. Each of the Subsidiary Guarantors' obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been indefeasibly paid in full in cash and the Commitments and all Letters of Credit issued under the Credit Agreement shall have terminated or expired. If at any time any payment of the principal of or interest on any Note Advance or Reimbursement Obligation or any other amount payable by the Principal Borrower or any other party under the Credit Agreement, any Designated Hedging Agreement or any other Credit Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Principal any Borrower or otherwise, each of the Subsidiary Guarantor's Guarantors' obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time.

Appears in 1 contract

Samples: Credit Agreement (Chicago Bridge & Iron Co N V)

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Discharge Only Upon Payment In Full. Reinstatement In Certain Circumstances. Each of the Subsidiary Guarantors' Guarantor's obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been indefeasibly paid in full and full, the Commitments under the Credit Agreement shall have terminated or expired and all Rate Management Transactions have terminated or expired. If at any time any payment of the principal of or interest on any Note or any other amount payable by the Principal or any other party under the Credit Agreement Agreement, any Rate Management Transaction or any other Credit Loan Document is rescinded or 103 must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Principal or otherwise, each of the Subsidiary Guarantor's obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time.

Appears in 1 contract

Samples: Pledge and Security Agreement (Matrix Service Co)

Discharge Only Upon Payment In Full. Reinstatement In Certain CircumstancesREINSTATEMENT IN CERTAIN CIRCUMSTANCES. Each of the Subsidiary Guarantors' Guarantor's obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been indefeasibly paid in full and full, the Commitments under the Credit Agreement shall have terminated or expired and all Rate Management Transactions have terminated or expired. If at any time any payment of the principal Borrower of or interest on any Note or any other amount payable by the Principal Borrower or any other party under the Credit Agreement Agreement, any Rate Management Transaction, or any other Credit Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Principal Borrower or otherwise, each of the Subsidiary Guarantor's obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time.

Appears in 1 contract

Samples: Ratable Note (Amli Residential Properties Trust)

Discharge Only Upon Payment In Full. Reinstatement In Certain Circumstances. Each of the The Subsidiary Guarantors' Guarantor's obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been indefeasibly paid in full and full, the Commitments under the Credit Agreement shall have terminated or expired and all Rate Management Transactions have terminated or expired. If at any time any payment of the principal of or interest on any Note or any other amount payable by the Principal or any other party under the Credit Agreement Agreement, any Rate Management Transaction or any other Credit Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Principal or otherwise, each of the Subsidiary Guarantor's obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time.

Appears in 1 contract

Samples: Subsidiary Guaranty (Xeta Corp)

Discharge Only Upon Payment In Full. Reinstatement In Certain Circumstances. Each of the Subsidiary Guarantors' Guarantor's obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been indefeasibly paid in full and the Commitments under the Credit Agreement shall have terminated or expired. If at any time any payment of the principal of or interest on any Note or any other amount payable by the Principal or any other party under the Credit Agreement or any other Credit Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Principal or otherwise, each of the Subsidiary Guarantor's obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time.

Appears in 1 contract

Samples: Credit Agreement (NVR Inc)

Discharge Only Upon Payment In Full. Reinstatement In Certain Circumstances. Each of the Subsidiary Guarantors' Guarantor's obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been indefeasibly paid in full and full, the Commitments under the Credit Agreement shall have terminated or expired and all Rate Management Transactions have terminated or expired. If at any time any payment of the principal of or interest on any Note or any other amount payable by the Principal Borrower or any other party under the Credit Agreement Agreement, any Rate Management Transaction or any other Credit Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Principal Borrower or otherwise, each of the Subsidiary Guarantor's obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time.

Appears in 1 contract

Samples: Credit Agreement (Viad Corp)

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