Common use of Invalidated Payments Clause in Contracts

Invalidated Payments. To the extent that the Senior Lenders receive payments on, or proceeds of collateral for, the Senior Obligations which are subsequently invalidated, declared to be fraudulent or preferential, set aside, avoided and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law, or equitable cause, then for purposes of this Agreement, this Agreement and, to the extent of such payment or proceeds received, the Senior Obligations, or part thereof, intended to be satisfied shall in each case be revived and continue in full force and effect as if such payments or proceeds had not been received by the Senior Lenders and Payment and Termination in Full shall be deemed to have not occurred.

Invalidated Payments. To the extent that the Senior Lenders receive Creditor -------------------- receives payments on, or proceeds of collateral for, the Senior Obligations Debt which are subsequently invalidated, declared to be fraudulent or preferential, set aside, avoided and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law, equitable cause or equitable causepursuant to the Indenture, then for purposes of this Agreement, this Agreement andthen, to the extent of such payment or proceeds received, the Senior ObligationsDebt, or part thereof, intended to be satisfied shall in each case be revived and continue in full force and effect as if such payments or proceeds had not been received by the Senior Lenders and Payment and Termination in Full shall be deemed to have not occurredCreditor.

Invalidated Payments. To the extent that the Senior Lenders receive Creditor receives payments on, or proceeds of collateral for, the Senior Obligations Debt which are subsequently invalidated, declared to be fraudulent or preferential, set aside, avoided and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law, equitable cause or equitable causepursuant to the Indenture, then for purposes of this Agreement, this Agreement andthen, to the extent of such payment or proceeds received, the Senior ObligationsDebt, or part thereof, intended to be satisfied shall in each case be revived and continue in full force and effect as if such payments or proceeds had not been received by the Senior Lenders and Payment and Termination in Full shall be deemed to have not occurredCreditor.

Invalidated Payments. To the extent that the Senior Lenders receive Lender receives payments on, or proceeds of collateral Collateral for, the Senior Obligations which are subsequently invalidated, declared to be fraudulent or preferential, set aside, avoided aside and/or required to be repaid to Borrowers or Holding Co., a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law, or equitable cause, then for purposes of this Agreement, this Agreement and, to the extent of such payment or proceeds received, the Senior Obligations, or part thereof, intended to be satisfied shall in each case be revived and continue in full force and effect as if such payments or proceeds had not been received by the Senior Lenders and Payment and Termination in Full shall be deemed to have not occurredLender.

Invalidated Payments. To the extent that the Senior Lenders receive Lender receives payments on, or proceeds of collateral Collateral for, the Senior Obligations which are subsequently invalidated, declared to be fraudulent or preferential, set aside, avoided aside and/or required to be repaid to any Borrower or the Guarantor, a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law, or equitable cause, then for purposes of this Agreement, this Agreement and, to the extent of such payment or proceeds received, the Senior Obligations, or part thereof, intended to be satisfied shall in each case be revived and continue in full force and effect as if such payments or proceeds had not been received by the Senior Lenders and Payment and Termination in Full shall be deemed to have not occurredLender.

Invalidated Payments. To the extent that the Senior Lenders receive Lender receives payments on, or proceeds of collateral Collateral for, the Senior Obligations which are subsequently invalidated, declared to be fraudulent or preferential, set aside, avoided aside and/or required to be repaid to the Borrowers or the Guarantor, a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law, or equitable cause, then for purposes of this Agreement, this Agreement and, to the extent of such payment or proceeds received, the Senior Obligations, or part thereof, intended to be satisfied shall in each case be revived and continue in full force and effect as if such payments or proceeds had not been received by the Senior Lenders and Payment and Termination in Full shall be deemed to have not occurredLender.

Invalidated Payments. To the extent that the holders of the Senior Lenders Debt receive payments on, or proceeds of collateral for, the Senior Obligations Debt which are subsequently invalidated, declared to be fraudulent or preferential, set aside, avoided and/or required to be repaid by the holders of Senior Debt to a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law, or equitable cause, then for purposes of this Agreement, this Agreement andthen, to the extent of such payment or proceeds received, the Senior ObligationsDebt, or part thereof, intended to be satisfied shall in each case be revived and continue in full force and effect as if such payments or proceeds had not been received by the holders of Senior Lenders and Payment and Termination in Full shall be deemed to have not occurredDebt.