Common use of Disgorgement Clause in Contracts

Disgorgement. (a) If, at any time after payment in full of the [A/R Lender] Claims any payments of the [A/R Lender] Claims must be disgorged by [A/R Lender] for any reason (including, without limitation, any Insolvency Proceeding), this Agreement and the relative rights and priorities set forth herein shall be reinstated as to all such disgorged payments as though such payments had not been made and CRG shall immediately pay over to [A/R Lender] all money or funds received or retained by CRG with respect to the CRG Claims to the extent that such receipt or retention would have been prohibited hereunder. (b) If, at any time after payment in full of the CRG Claims any payments of the CRG Claims must be disgorged by CRG for any reason (including, without limitation, any Insolvency Proceeding), this Agreement and the relative rights and priorities set forth herein shall be reinstated as to all such disgorged payments as though such payments had not been made and [A/R Lender] shall immediately pay over to CRG all money or funds received or retained by [A/R Lender] with respect to the [A/R Lender] Claims to the extent that such receipt or retention would have been prohibited hereunder.

Appears in 11 contracts

Samples: Term Loan Agreement (Decipher Biosciences, Inc.), Term Loan Agreement, Term Loan Agreement (Decipher Biosciences, Inc.)

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Disgorgement. (a) If, at any time after payment in full of the [A/R Lender] Claims any payments of the [A/R Lender] Claims must be disgorged by [A/R Lender] for any reason (including, without limitation, any Insolvency Proceeding), this Agreement and the relative rights and priorities set forth herein shall be reinstated as to all such disgorged payments as though such payments had not been made and CRG Creditors shall immediately pay over to [A/R Lender] all money or funds received or retained by CRG Creditors with respect to the CRG Creditors’ Claims to the extent that such receipt or retention would have been prohibited hereunder. (b) If, at any time after payment in full of the CRG Creditors’ Claims any payments of the CRG Creditors’ Claims must be disgorged by any CRG Creditor for any reason (including, without limitation, any Insolvency Proceeding), this Agreement and the relative rights and priorities set forth herein shall be reinstated as to all such disgorged payments as though such payments had not been made and [A/R Lender] shall immediately pay over to CRG Agent all money or funds received or retained by [A/R Lender] with respect to the [A/R Lender] Claims to the extent that such receipt or retention would have been prohibited hereunder.

Appears in 5 contracts

Samples: Term Loan Agreement (T2 Biosystems, Inc.), Term Loan Agreement (Strongbridge Biopharma PLC), Term Loan Agreement (T2 Biosystems, Inc.)

Disgorgement. (a) If, at any time after payment in full of the [A/R Lender] Lender Claims any payments of the [A/R Lender] Lender Claims must be disgorged by [A/R Lender] Lender for any reason (including, without limitation, any Insolvency Proceeding), this Agreement and the relative rights and priorities set forth herein shall be reinstated as to all such disgorged payments as though such payments had not been made and CRG Creditors shall immediately pay over to [A/R Lender] Lender all money or funds received or retained by CRG Creditors with respect to the CRG Creditors’ Claims to the extent that such receipt or retention would have been prohibited hereunder. (b) If, at any time after payment in full of the CRG Creditors’ Claims any payments of the CRG Creditors’ Claims must be disgorged by any CRG Creditor for any reason (including, without limitation, any Insolvency Proceeding), this Agreement and the relative rights and priorities set forth herein shall be reinstated as to all such disgorged payments as though such payments had not been made and [A/R Lender] Lender shall immediately pay over to CRG Agent all money or funds received or retained by [A/R Lender] Lender with respect to the [A/R Lender] Lender Claims to the extent that such receipt or retention would have been prohibited hereunder.

Appears in 1 contract

Samples: Term Loan Agreement (Viveve Medical, Inc.)

Disgorgement. (a) If, at any time after payment in full of the [A/R Lender] Claims any payments of the [A/R Lender] Claims must be disgorged by [A/R Lender] for any reason (including, without limitation, any Insolvency Proceeding), this Agreement and the relative rights and priorities set forth herein shall be reinstated as to all such disgorged payments as though such payments had not been made and CRG CR shall immediately pay over to [A/R Lender] all money or funds received or retained by CRG CR with respect to the CRG CR Claims to the extent that such receipt or retention would have been prohibited hereunder. (b) If, at any time after payment in full of the CRG CR Claims any payments of the CRG CR Claims must be disgorged by CRG CR for any reason (including, without limitation, any Insolvency Proceeding), this Agreement and the relative rights and priorities set forth herein shall be reinstated as to all such disgorged payments as though such payments had not been made and [A/R Lender] shall immediately pay over to CRG CR all money or funds received or retained by [A/R Lender] with respect to the [A/R Lender] Claims to the extent that such receipt or retention would have been prohibited hereunder.

Appears in 1 contract

Samples: Term Loan Agreement (Nevro Corp)

Disgorgement. (a) If, at any time after payment in full of the [A/R ABL Lender] ’s Claims any payments of the [A/R ABL Lender] ’s Claims must be disgorged by [A/R Lender] the ABL Lender for any reason (including, without limitation, any Insolvency Proceeding), this Agreement and the relative rights and priorities set forth herein shall be reinstated as to all such disgorged payments as though such payments had not been made and CRG Creditors shall immediately pay over to [A/R Lender] the ABL Lender all money or funds received or retained by CRG Creditors with respect to the CRG Creditors’ Claims to the extent that such receipt or retention would have been prohibited hereunder. (b) If, at any time after payment in full of the CRG Creditors’ Claims any payments of the CRG Creditors’ Claims must be disgorged by any CRG Creditor for any reason (including, without limitation, any Insolvency Proceeding), this Agreement and the relative rights and priorities set forth herein shall be reinstated as to all such disgorged payments as though such payments had not been made and [A/R Lender] the ABL Lender shall immediately pay over to CRG Agent all money or funds received or retained by [A/R Lender] the ABL Lender with respect to the [A/R ABL Lender] ’s Claims to the extent that such receipt or retention would have been prohibited hereunder.

Appears in 1 contract

Samples: Term Loan Agreement (Treace Medical Concepts, Inc.)

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Disgorgement. (a) If, at any time after payment in full of the [A/R Lender] LSQ Claims any payments of the [A/R Lender] LSQ Claims must be disgorged by [A/R Lender] LSQ for any reason (including, without limitation, any Insolvency Proceeding), this Agreement and the relative rights and priorities set forth herein shall be reinstated as to all such disgorged payments as though such payments had not been made and CRG Existing Creditors shall immediately pay over to [A/R Lender] LSQ all money or funds received or retained by CRG Existing Creditors with respect to the CRG Existing Creditors’ Claims to the extent that such receipt or retention would have been prohibited hereunder. (b) If, at any time after payment in full of the CRG Existing Creditors’ Claims any payments of the CRG Existing Creditors’ Claims must be disgorged by CRG any Existing Creditor for any reason (including, without limitation, any Insolvency Proceeding), this Agreement and the relative rights and priorities set forth herein shall be reinstated as to all such disgorged payments as though such payments had not been made and [A/R Lender] LSQ shall immediately pay over to CRG an Existing Agent all money or funds received or retained by [A/R Lender] LSQ with respect to the [A/R Lender] LSQ Claims to the extent that such receipt or retention would have been prohibited hereunder.

Appears in 1 contract

Samples: Intercreditor Agreement (Marrone Bio Innovations Inc)

Disgorgement. (a) If, at any time after payment in full of the [A/R Lender] Claims any payments of the [A/R Lender] Claims must be disgorged by [A/R Lender] for any reason (including, without limitation, any Insolvency Proceeding), this Agreement and the relative rights and priorities set forth herein shall be reinstated as to all such disgorged payments as though such payments had not been made and CRG Creditors shall immediately pay over to [A/R Lender] all [†] DESIGNATES PORTIONS OF THIS DOCUMENT THAT HAVE BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT FILED SEPARATELY WITH THE COMMISSION money or funds received or retained by CRG Creditors with respect to the CRG Creditors’ Claims to the extent that such receipt or retention would have been prohibited hereunder. (ba) If, at any time after payment in full of the CRG Creditors’ Claims any payments of the CRG Creditors’ Claims must be disgorged by any CRG Creditor for any reason (including, without limitation, any Insolvency Proceeding), this Agreement and the relative rights and priorities set forth herein shall be reinstated as to all such disgorged payments as though such payments had not been made and [A/R Lender] shall immediately pay over to CRG Agent all money or funds received or retained by [A/R Lender] with respect to the [A/R Lender] Claims to the extent that such receipt or retention would have been prohibited hereunder.

Appears in 1 contract

Samples: Term Loan Agreement (NanoString Technologies Inc)

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