Recovery Claim Sample Clauses

Recovery Claim. Should a claim (“Recovery Claim”) be made upon Owner at any time for recovery of any amount received by Owner in payment of the Guaranteed Obligations (whether received from Guarantor pursuant hereto, or otherwise) and should Owner repay all or part of said amount by reason of (a) any judgment, decree, or order of any court or administrative body having jurisdiction over Owner or any of its property; or (b) any reasonable settlement or compromise of any such Recovery Claim effected by Owner with the claimant, Guarantor shall remain liable to Owner of the amount so repaid to the same extent as if such amount had never originally been received by Owner, notwithstanding any termination hereof or the return of this document to Guarantor.

Recovery Claim. Should a claim ("Recovery Claim") be made upon the Bank at any time for recovery of any amount received by the Bank in payment of the Guaranteed Obligations (whether received from the Borrower, the Guarantor pursuant hereto, or otherwise) and should the Bank repay all or part of said amount by reason of (1) any judgment, decree, or order of any court or administrative body having jurisdiction over the Bank or any of its property; or (2) any settlement or compromise of any such Recovery Claim effected by the Bank with the claimant (including the Borrower), the Guarantor shall remain jointly and severally liable to the Bank for the amount so repaid to the same extent as if such amount had never originally been received by the Bank, notwithstanding any termination hereof or the return of this document to or the cancellation of any note or other instrument evidencing any of the indebtedness.

Recovery Claim. Should a claim (“Recovery Claim”) be made upon the Administrative Agent at any time for recovery of any amount received by the Administrative Agent in payment of the Secured Obligations (whether received from any Pledgor or otherwise) and should the Administrative Agent repay all or part of said amount by reason of (a) any judgment, decree or order of any court or administrative body having jurisdiction over the Administrative Agent or any of its property; or (b) any settlement or compromise of any such Recovery Claim effected by the Administrative Agent with the claimant (including, without limitation, Pledgor), this Agreement and the security interests granted to the Administrative Agent hereunder shall continue in full force and effect with respect to the amount so repaid to the same extent as if such amount had never originally been received by the Administrative Agent, notwithstanding any prior termination of this Agreement, the return of this Agreement to the Pledgor, or the cancellation of any note or other instrument evidencing the Secured Obligations.

Recovery Claim. Should a claim (“Recovery Claim”) be made upon Lender at any time for recovery of any amount received by Lender in payment of the Guaranteed Obligations (whether received from Borrower, Guarantor pursuant hereto, or otherwise) and should Lender repay all or part of said amount by reason of (a) any judgment, decree, or order of any court or administrative body having jurisdiction over Lender or any of its property; or (b) any reasonable settlement or compromise of any such Recovery Claim effected by Lender with the claimant (including Borrower), Guarantor shall remain liable to Lender for the amount so repaid to the same extent as if such amount had never originally been received by Lender, notwithstanding any termination hereof or the return of this document to Guarantor or the cancellation of any note or other instrument evidencing any of the Indebtedness.