Common use of Reinstatement, etc Clause in Contracts

Reinstatement, etc. Each Borrower agrees that its guaranty 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or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Obligations is rescinded or must otherwise be restored by any Secured Party, upon the insolvency, bankruptcy or reorganization of any other Borrower, any other Obligor or otherwise, all as though such payment had not been made.

Appears in 10 contracts

Samples: Credit Agreement (Sabre Industries, Inc.), Credit Agreement (Sabre Industries, Inc.), Credit Agreement (Chesapeake Corp /Va/)

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Reinstatement, etc. Each Borrower agrees that its the guaranty contained in this Section 4.10 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as the case may be, if at any time any payment (in whole or in part) of any of the Guaranteed Obligations is rescinded or must otherwise be restored by any Secured PartyParty or any holder of any Note, upon the insolvency, bankruptcy or reorganization of any other Borrower, any other Obligor Account Party or otherwise, all as though such payment had not been made.

Appears in 4 contracts

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

Reinstatement, etc. Each Borrower The Company agrees that its guaranty 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as the case may be, if at any time any payment (in whole or in part) of any of the Designated Borrower Obligations is rescinded or must otherwise be restored by any Secured Party, upon the insolvency, bankruptcy or reorganization of any other Designated Borrower, any other Obligor or otherwise, all as though such payment had not been made.

Appears in 4 contracts

Samples: Credit Agreement (Ferro Corp), Credit Agreement (Ferro Corp), Credit Agreement (Ferro Corp)

Reinstatement, etc. Each The Borrower agrees that its the guaranty contained in this Section 4.10 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as the case may be, if at any time any payment (in whole or in part) of any of the Guaranteed Obligations is rescinded or must otherwise be restored by any Secured PartyParty or any holder of any Note, upon the insolvency, bankruptcy or reorganization of any other Borrower, any other Obligor Account Party or otherwise, all as though such payment had not been made.

Appears in 3 contracts

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

Reinstatement, etc. Each Borrower agrees that its guaranty hereunder 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, upon the insolvency, bankruptcy or reorganization of any other Borrower, any other Obligor Borrower or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sterling Chemicals Inc)

Reinstatement, etc. Each Borrower agrees that its the guaranty contained in this paragraph (i) 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 Borrower Guaranteed Obligations is rescinded or must otherwise be restored by any Secured PartyL/C Issuer, Administrative Agent or any Lender, upon the insolvency, bankruptcy or reorganization of Borrower or any other Borrower, any other Obligor Account Party or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Credit Agreement (Kmart Holding Corp)

Reinstatement, etc. Each Borrower agrees that its guaranty 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 PartyLender, upon the insolvency, bankruptcy or reorganization of any other Borrower, any other Obligor or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Credit Agreement (Gp Strategies Corp)

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Reinstatement, etc. Each Borrower agrees that its the guaranty contained in this paragraph (k) 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 Borrower Guaranteed Obligations is rescinded or must otherwise be restored by any Secured PartyL/C Issuer, Administrative Agent or any Lender, upon the insolvency, bankruptcy or reorganization of Borrower or any other Borrower, any other Obligor Account Party or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Credit Agreement (Kmart Holding Corp)

Reinstatement, etc. Each Borrower agrees that its guaranty hereunder 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 the Agent or any Secured PartyLender, upon any Obligor being subject to any proceeding of the insolvency, bankruptcy or reorganization of any other Borrower, any other Obligor nature referred to in Section 8.1.9 or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Credit Agreement (Us Automotive Manufacturing Inc)

Reinstatement, etc. Each Borrower agrees that its guaranty hereunder 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, upon the insolvency, bankruptcy or reorganization of any other Borrower, any other Obligor Borrower or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sterling Chemical Inc)

Reinstatement, etc. Each The Borrower agrees that its the guaranty contained in this Section 4.10 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 Guaranteed Obligations is rescinded or must otherwise be restored by any Secured Party, upon the insolvency, bankruptcy or reorganization of any other Borrower, any other Obligor Account Party 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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