Common use of Payment Rescission Clause in Contracts

Payment Rescission. No payment of any of the Obligations shall be considered paid or applied hereunder to the extent that, at any time, all or any portion of such payment or application is rescinded by application of law or judicial authority, or must otherwise be returned or refunded for any reason. The Borrower shall remain obligated for the amount of any payment or application so rescinded, returned or refunded, and shall promptly pay to the Administrative Agent or the applicable Lender the full amount thereof together with interest thereon from the date of any such rescission, return or refunding.

Payment Rescission. No payment of any of the Obligations shall be considered paid or applied hereunder to the extent that, at any time, all or any portion of such payment or application is rescinded by application of law or judicial authority, or must otherwise be returned or refunded for any reason. The Borrower shall remain obligated for the amount of any payment or application so rescinded, returned or refunded, and shall promptly pay to the Administrative Agent (for application to the Person or the applicable Lender Persons who suffered such rescission, return or refund) the full amount thereof together with interest thereon thereof, plus Interest on such amount at the Default Rate from the date of any such rescission, return or refunding.

Payment Rescission. No payment of any of the Obligations shall be considered paid or applied hereunder to the extent that, at any time, all or any portion of such payment or application is rescinded by application of law or judicial authority, or must otherwise be returned or refunded for any reason. The Borrower shall remain obligated for the amount of any payment or application so rescinded, returned or refunded, and shall promptly pay to the Administrative Agent (for application to the Person or the applicable Lender Persons who suffered such rescission, return or refund) the full amount thereof together with interest thereon thereof, plus Interest on such amount at the Default Rate from the date of any such rescission, return or refunding.

Payment Rescission. No payment of any of the Obligations Obligation shall be considered paid or applied hereunder to the extent that, at any time, all or any portion of such payment or application is rescinded by application of law or judicial authority, or must otherwise be returned or refunded for any reason. The Borrower shall remain obligated for the amount of any payment or application so rescinded, returned or refunded, and shall promptly pay to the Administrative Deal Agent (for application to the Person or the applicable Lender Persons who suffered such rescission, return or refund) the full amount thereof together with thereof, plus interest thereon from the date of any such rescission, return or refunding.

Payment Rescission. No payment of any of the Buyer Investment or other Obligations shall be considered paid or applied hereunder to the extent that, at any time, all or any portion of such payment or application is rescinded by application of law or judicial authority, or must otherwise be returned or refunded for any reason. The Borrower Seller shall remain obligated for the amount of any payment or application so rescinded, returned or refunded, and shall promptly pay to the Administrative Agent (for application to the Person or the applicable Lender Persons who suffered such rescission, return or refund), the full amount thereof together with interest thereon thereof, plus the Default Fee from the date of any such rescission, return or refunding.

Payment Rescission. No payment of any of the Obligations amount hereunder shall be considered paid or applied hereunder to the extent that, at any time, all or any portion of such payment or application is rescinded by application of law or judicial authority, or must otherwise be returned or refunded for any reason. The Borrower payor shall remain obligated for the amount of any payment or application so rescinded, returned or refunded, and shall promptly pay to the Administrative Agent payee who suffered such rescission, return or the applicable Lender refund the full amount thereof together with interest thereon thereof, plus the Default Fee from the date of any such rescission, return or refunding.

Payment Rescission. No payment of any of the Obligations shall be considered paid or applied hereunder to the extent that, at any time, all or any portion of such payment or application is rescinded by application of law or judicial authority, or must otherwise be returned or refunded for any reason. The Borrower shall remain obligated for the amount of any payment or application so rescinded, returned or refunded, and shall promptly pay to the Administrative Agent (for application to the Person or the applicable Lender Persons who suffered such rescission, return or refund) the full amount thereof together with thereof, plus interest thereon on such amount at the Default Rate from the date of any such rescission, return or refunding.