Common use of Reinstatement in Certain Circumstances Clause in Contracts

Reinstatement in Certain Circumstances. If at any time any payment of any amount payable by the Borrower under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, the Guarantor's obligations hereunder with respect to such payment shall be reinstated as though such payment has been due but not made at such time.

Reinstatement in Certain Circumstances. If at any time any payment in whole or in part of any amount payable by of the Borrower under the Loan Documents Guaranteed Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower Borrower, any other Obligor or otherwise, the each Guarantor's obligations hereunder under this ARTICLE IX with respect to such payment shall be reinstated as though such payment has had been due but not made at such time.

Reinstatement in Certain Circumstances. If at any time any -------------------------------------- payment of the principal of or interest under the Note or any other amount payable by the Borrower under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, the Guarantor's obligations hereunder with respect to such payment shall be reinstated as though such payment has been due but not made at such time.

Reinstatement in Certain Circumstances. If at any time any payment of the principal of or interest under any or all of the Notes or any other amount payable by the Borrower any or all of Borrowers under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower any or all of the Borrowers or otherwise, the Guarantor's Guarantors' obligations hereunder with respect to such payment shall be reinstated as though such payment has had been due but not made at such time.