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of the principal of or interest on any Loan or any other amount payable by the Borrower under any Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any other Obligor or otherwise, the Guarantor’s obligations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: Multi Year Senior Unsecured Credit Agreement (TYCO INTERNATIONAL PLC), Five Year Senior Unsecured Credit Agreement (TYCO INTERNATIONAL PLC), Senior Credit Agreement

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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interest on any Loan Promissory Note or any other amount payable by the Borrower under any Loan Financing Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any other Obligor or otherwise, the Guarantor’s 's obligations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 /Ber/), 364 Day Credit Agreement (Tyco International LTD), 364 Day 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: Senior Credit Agreement (TE Connectivity Ltd.), Five Year Senior Credit Agreement, Five Year Senior Credit Agreement (TE Connectivity Ltd.)

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/), 364 Day Credit Agreement (Tyco International LTD /Ber/)

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: 364 Day Credit Agreement (TE Connectivity Ltd.), Five Year Senior Credit Agreement (TE Connectivity Ltd.), Five Year Senior Credit Agreement (TE Connectivity Ltd.)

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: 364 Day Credit Agreement (Tyco International LTD /Ber/), Parent Guarantee Agreement (Tyco International LTD /Ber/)

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)

Discharge; Reinstatement in Certain Circumstances. 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 1 contract

Samples: Credit and Guaranty Agreement (Aramark Corp)

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: Guaranty (Reschke Michael W)

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.)

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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 4.06, 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)

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 '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 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: Subsidiary Guaranty Agreement (Con-Way Inc.)

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 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

Appears in 1 contract

Samples: Multi Year Senior Unsecured Credit Agreement

Discharge; Reinstatement in Certain Circumstances. Subject to Section 4.06, the Guarantor’s The Guarantors' obligations under this Article II shall remain in full force and effect until either (i) the condition specified in Section 5.15(b) of the Credit Agreement has been met or (ii) the Commitments are terminated and the all principal of and interest on the Loans Notes and all other amounts payable by the Borrower under the Loan Documents Credit Agreement 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 Document the Credit Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any other Obligor the Borrower or otherwise, the Guarantor’s Guarantors' 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.respect

Appears in 1 contract

Samples: Credit Agreement (Universal Health Services Inc)

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