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

Discharge Only Upon Payment In Full. Reinstatement In ----------------------------------------------------- Certain Circumstances. The Guarantor's obligations hereunder shall remain in --------------------- full force and effect until all Guaranteed Obligations shall have been paid in full and the Commitments under the Credit Agreement shall have terminated or expired. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, the Guarantor's obligations hereunder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: Assignment Agreement (Gardner Denver Inc), Assignment Agreement (Gardner Denver Inc)

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Discharge Only Upon Payment In Full. Reinstatement In ----------------------------------------------------- Certain Circumstances. The Guarantor's Guarantors' obligations hereunder shall remain in --------------------- full force and effect until all Guaranteed Obligations shall have been 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 portion of Note or any other amount payable by the Guaranteed Obligations Borrower under the Credit Agreement or any other Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, the Guarantor's Guarantors'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 (JDN Realty Corp)

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Discharge Only Upon Payment In Full. Reinstatement In ----------------------------------------------------- Certain Circumstances. The Parent Guarantor's obligations hereunder shall --------------------- remain in --------------------- full force and effect until all Guaranteed Obligations shall have been 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 portion of Note or any other amount payable by the Guaranteed Obligations Company under the Credit Agreement or any other Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower Company or otherwise, the Parent 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 (Mohawk Industries Inc)

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