Obligations Continuing. This Article 10 shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Parent Guaranteed Obligations are annulled, set aside, invalidated, declared to be fraudulent or preferential, rescinded or must otherwise be returned, refunded or repaid by Seller, upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of Parent, Buyer or any other guarantor, or upon or as a result of the appointment of a receiver, intervener or conservator of, or trustee or similar officer for, Parent, Buyer or any other guarantor or any substantial part of their property or otherwise, all as though such payment or payments had not been made.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Acorn Factor, Inc.), Stock Purchase Agreement (Renegy Holdings, Inc.)
Obligations Continuing. This Article 10 11 shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Parent Renegy Guaranteed Obligations are annulled, set aside, invalidated, declared to be fraudulent or preferential, rescinded or must otherwise be returned, refunded or repaid by SellerBuyer, upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of ParentRenegy, Buyer Seller or any other guarantor, or upon or as a result of the appointment of a receiver, intervener or conservator of, or trustee or similar officer for, ParentRenegy, Buyer Seller or any other guarantor or any substantial part of their property or otherwise, all as though such payment or payments had not been made.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Renegy Holdings, Inc.), Stock Purchase Agreement (Acorn Factor, Inc.)
