Obligations Continuing. This Article 11 shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Renegy Guaranteed Obligations are annulled, set aside, invalidated, declared to be fraudulent or preferential, rescinded or must otherwise be returned, refunded or repaid by Buyer, upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of Renegy, Seller or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, Renegy, 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 (Acorn Factor, Inc.), Stock Purchase Agreement (Renegy Holdings, Inc.)
Obligations Continuing. This Article 11 10 shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Renegy Parent Guaranteed Obligations are annulled, set aside, invalidated, declared to be fraudulent or preferential, rescinded or must otherwise be returned, refunded or repaid by BuyerSeller, upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of RenegyParent, Seller 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, RenegyParent, Seller 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.)
