Common use of Payment Rescission Clause in Contracts

Payment Rescission. No payment of any of the Aggregate Unpaids 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paid or applied hereunder to the extent that, at any time, all or any portion of such payment or application is rescinded by application of law or judicial authority, or must otherwise be returned or refunded for any reason. Seller shall remain obligated for the amount of any payment or application so rescinded, returned or refunded, and shall promptly pay to the applicable Purchaser, the Liberty Street Administrator or the Administrative Agent, as the case may be, the full amount thereof together with any Yield thereon from the date of any such rescission, return or refunding.

Payment Rescission. No payment of any of the Aggregate Unpaids 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paid or applied hereunder to the extent that, at any time, all or any portion of such payment or application is rescinded by application of law or judicial authority, or must otherwise be returned or refunded for any reason. The Seller shall remain obligated for the amount of any payment or application so rescinded, returned or refunded, and shall promptly pay to the applicable Purchaser, the Liberty Street Streetapplicable Administrator or the Administrative Agent, as the case may be, the full amount thereof thereof, together with any Yield thereon from the date of any such rescission, return or refunding.

Payment Rescission. No payment of any of the Aggregate Unpaids 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paid or applied hereunder to the extent that, at any time, all or any portion of such payment or application is rescinded by application of law or judicial authority, or must otherwise be returned or refunded for any reason. The Seller shall remain obligated for the amount of any payment or application so rescinded, returned or refunded, and shall promptly pay to the applicable PurchaserPerson or Persons who suffered such rescission, the Liberty Street Administrator return or the Administrative Agent, as the case may be, refund the full amount thereof together with any Yield thereon thereof, plus the Default Fee from the date of any such rescission, return or refunding.

Payment Rescission. No payment of any of the Aggregate Unpaids 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paid or applied hereunder to the extent that, at any time, all or any portion of such payment or application is rescinded by application of law or judicial authority, or must otherwise be returned or refunded for any reason.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 Seller shall remain obligated for the amount of any payment or application so rescinded, returned or refunded, and shall promptly pay to the applicable Purchaser, the Liberty Street applicable Administrator or the Administrative Agent, as the case may be, ,Investor Party the full amount thereof thereof, together with any Yield thereon from the date of any such rescission, return or refunding.