Common use of Reinstatement, etc Clause in Contracts

Reinstatement, etc. Each Borrower Guarantor agrees that the guaranty set forth in this Article X shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Obligations is rescinded or must otherwise be restored by any Secured Party or any holder of any Note, upon the insolvency, bankruptcy or reorganization of any Borrower Debtor or otherwise, all as though such payment had not been made.

Appears in 4 contracts

Samples: Credit Agreement (Dollar Thrifty Automotive Group Inc), Credit Agreement (Dollar Thrifty Automotive Group Inc), Amendment Agreement (Dollar Thrifty Automotive Group Inc)

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Reinstatement, etc. Each Holdings and each Borrower Guarantor agrees agree that the guaranty set forth in this Article X shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Obligations is rescinded or must otherwise be restored by any Secured Party or any holder of any Note, upon the insolvency, bankruptcy or reorganization of any either Borrower Debtor or otherwise, all as though such payment had not been made.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (WRC Media Inc), Credit Agreement (WRC Media Inc)

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Reinstatement, etc. Each Borrower Subsidiary Guarantor agrees that the guaranty set forth in this Article X XII shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Obligations is rescinded or must otherwise be restored by any Secured Party or any holder of any NoteParty, upon the insolvency, bankruptcy or reorganization of any the Borrower Debtor or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Budget Group Inc)

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