Common use of Discharge; Reinstatement in Certain Circumstances Clause in Contracts

Discharge; Reinstatement in Certain Circumstances. Subject to Section 4.06, the Guarantor’s obligations under this Article II shall remain in full force and effect until the Commitments are terminated and the principal of and interest on the Loans and all other amounts payable by the Borrower under the Loan Documents shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any other amount payable by the Borrower under any Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any other Obligor or otherwise, the Guarantor’s obligations under this Article II 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 10 contracts

Samples: Credit Agreement (TYCO INTERNATIONAL PLC), Credit Agreement (TYCO INTERNATIONAL PLC), Assignment and Assumption

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Discharge; Reinstatement in Certain Circumstances. Subject to Section 4.066, the Guarantor’s 's obligations under this Article II 2 shall remain in full force and effect until the Commitments are terminated and the principal of and interest on the Loans Promissory Notes and all other amounts payable by the Borrower under the Loan Financing Documents shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Promissory Note or any other amount payable by the Borrower under any Loan Financing Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any other Obligor or otherwise, the Guarantor’s 's obligations under this Article II 2 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 (Tyco International LTD), Bridge Credit Agreement (Tyco International LTD), Agreement (Tyco International LTD /Ber/)

Discharge; Reinstatement in Certain Circumstances. Subject to Section 4.06, the Guarantor’s 's obligations under this Article II 2 shall remain in full force and effect until the Commitments are terminated and the principal of and interest on the Loans and all other amounts payable by the Borrower under the Loan Financing Documents shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any other amount payable by the Borrower under any Loan Financing Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any other Obligor or otherwise, the Guarantor’s 's obligations under this Article II 2 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 (Tyco International LTD /Ber/), Credit Agreement (Tyco International LTD /Ber/), Credit Agreement (Tyco International LTD /Ber/)

Discharge; Reinstatement in Certain Circumstances. Subject to Section 4.06, the Subsidiary Guarantor’s obligations under this Article II shall remain in full force and effect until the Commitments are terminated and the principal of and interest on the Loans and all other amounts payable by the Borrower under the Loan Documents 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 other amount payable by the Borrower under any Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any other Obligor or otherwise, the Subsidiary Guarantor’s obligations under this Article II 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: Assignment and Assumption (TE Connectivity Ltd.), Credit Agreement, Credit Agreement (TE Connectivity Ltd.)

Discharge; Reinstatement in Certain Circumstances. Subject to Section 4.06, the Guarantor’s obligations under this Article II shall remain in full force and effect until the Commitments are terminated and the principal of and interest on the Loans and all other amounts payable by the Borrower under the Loan Documents 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 other amount payable by the Borrower under any Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any other Obligor or otherwise, the Guarantor’s obligations under this Article II 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: Assignment and Assumption (TE Connectivity Ltd.), Credit Agreement (TE Connectivity Ltd.), Assignment and Assumption (TE Connectivity Ltd.)

Discharge; Reinstatement in Certain Circumstances. Subject to Section 4.06, the Each Guarantor’s 's obligations under this Article II shall remain in full force and effect until the Commitments are terminated and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower under the Loan Financing Documents shall have been paid in full. The obligations of any Guarantor under this Article II may only be terminated with the consent of all of the Banks. If at any time any payment of the principal of or interest on any Loan Note or any other amount payable by the Borrower under any Loan Financing Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any other Obligor or otherwise, the each Guarantor’s 's obligations under this Article II 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 (Western Atlas Inc), Credit Agreement (Western Atlas Inc), Credit Agreement (Unova Inc)

Discharge; Reinstatement in Certain Circumstances. Subject to Section 4.06, the Guarantor’s 's obligations under this Article II 2 shall remain in full force and effect until the Commitments are terminated and the principal of and interest on the Loans Promissory Notes and all other amounts payable by the Borrower under the Loan Financing Documents shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Promissory Note or any other amount payable by the Borrower under any Loan Financing Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any other Obligor or otherwise, the Guarantor’s 's obligations under this Article II 2 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 (Tyco International LTD /Ber/), Parent Guarantee Agreement (Tyco International LTD /Ber/)

Discharge; Reinstatement in Certain Circumstances. (a) Subject to Section 4.062.03 and paragraph (b) of this Section 2.04, the each Subsidiary Guarantor’s 's obligations under this Article II shall remain in full force and effect effect, except as otherwise agreed with the consent of the Required Banks, until the Commitments are terminated and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower Borrowers under the Loan Financing Documents shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any other amount payable by the a Borrower under any Loan Financing Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any other Obligor or otherwise, the each Subsidiary Guarantor’s 's obligations under this Article II 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 and Guaranty Agreement (Aramark Corp), Credit and Guaranty Agreement (Aramark Corp)

Discharge; Reinstatement in Certain Circumstances. (a) Subject to Section 4.062.03 and paragraph (b) of this Section 2.04, the each Subsidiary Guarantor’s 's obligations under this Article II 2 shall remain in full force and effect effect, except as otherwise agreed with the consent of the Required Lenders, until the Commitments are terminated and the principal of and interest on the Loans Notes and all other amounts payable by the Borrower under the Loan Financing Documents shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Note or any other amount payable by the Borrower under any Loan Financing Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any other Obligor or otherwise, the each Subsidiary Guarantor’s 's obligations under this Article II 2 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: Bridge Loan Agreement (Aramark Worldwide Corp)

Discharge; Reinstatement in Certain Circumstances. Subject to Except as otherwise provided in Section 4.064.03 hereof, the each Subsidiary Guarantor’s obligations under this Article II 2 shall remain in full force and effect until the Commitments are terminated terminated, the LC Liabilities are reduced to zero, and the principal of and interest on the Loans and all other amounts payable by the Borrower under the Loan Financing Documents 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 under any Loan Financing Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any other Obligor or otherwise, the each Subsidiary Guarantor’s obligations under this Article II 2 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 (CNF Inc)

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Discharge; Reinstatement in Certain Circumstances. Subject to Section 4.06, the Guarantor’s obligations under this Article II shall remain in full force and effect until the Commitments are terminated and the principal of and interest on the Loans and all other amounts payable by the Borrower under the Loan Documents shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any other amount payable by the Borrower under any Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any other Obligor or otherwise, the Guarantor’s obligations under this Article II 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.. C-3 Section 2.05

Appears in 1 contract

Samples: Credit Agreement

Discharge; Reinstatement in Certain Circumstances. Subject to Section 4.06, the Guarantor’s obligations under this Article II shall remain in full force and effect until the Commitments are terminated and the principal of and interest on the Loans Loans, the Notes and all other amounts payable by the Borrower under the Loan Documents shall have been finally paid in fullfull in cash. If at any time any payment of the principal of or interest on any Loan or any other amount payable by the Borrower under any Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any other Obligor or otherwise, the Guarantor’s obligations under this Article II 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: 364 Day Credit Agreement (TE Connectivity Ltd.)

Discharge; Reinstatement in Certain Circumstances. Subject to Section 4.062.03, the each Guarantor’s 's obligations under this Article II shall remain in full force and effect until the Commitments are Commitment shall have terminated and the principal of and interest on the Loans accrued thereon and all any other amounts payable by the Borrower under the any Loan Documents Document shall have been indefeasibly paid in full. If at any time any payment of the principal of or interest on any Loan accrued thereon or any other amount payable by the Borrower under any Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any other Obligor the Company or otherwise, the each Guarantor’s 's obligations under this Article II 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: Reschke Michael W

Discharge; Reinstatement in Certain Circumstances. Subject to Section 4.06, the Guarantor’s 's obligations under this Article II shall remain in full force and effect until the Commitments are terminated and the principal of and interest on the Loans Promissory Notes and all other amounts payable by the Borrower under the Loan Financing Documents shall have been paid in full. If at any time any payment of the principal of or interest on any Loan Promissory Note or any other amount payable by the Borrower under any Loan Financing Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any other Obligor or otherwise, the Guarantor’s 's obligations under this Article II 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 (Tyco International LTD)

Discharge; Reinstatement in Certain Circumstances. Subject to Section 4.06Except as otherwise provided in Sections 3.01(c) and 4.03 hereof, the each Subsidiary Guarantor’s obligations under this Article II 2 shall remain in full force and effect until the Commitments are terminated terminated, the LC Liabilities are reduced to zero, and the principal of and interest on the Loans and all other amounts payable by the Borrower under the Loan Financing Documents 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 under any Loan Financing Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any other Obligor or otherwise, the each Subsidiary Guarantor’s obligations under this Article II 2 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: Subsidiary Guaranty Agreement (CNF Inc)

Discharge; Reinstatement in Certain Circumstances. Subject to Section 4.06, the Guarantor’s obligations under this Article II shall remain in full force and effect until the Commitments are terminated and the principal of and interest on the Loans and all other amounts payable by the Borrower under the Loan Documents shall have been paid in full. If at any time any payment of the principal of or interest on any Loan or any other amount payable by the Borrower under any Loan Document is rescinded or must be otherwise restored or returned upon 126 the insolvency, bankruptcy or reorganization of any other Obligor or otherwise, the Guarantor’s obligations under this Article II 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 Credit Agreement (TYCO INTERNATIONAL PLC)

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