Common use of Reinstatement in Certain Circumstances Clause in Contracts

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of the principal of or interest under the Note or any other amount payable by Borrower under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of Borrower or otherwise, the Guarantor’s obligations hereunder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. EXECUTED as of the day and year first above written. GUARANTOR: INLAND DIVERSIFIED REAL ESTATE TRUST, INC., a Maryland corporation By: /s/ Xxxxx X. Xxxxxxx Xxxxx X. Xxxxxxx

Appears in 2 contracts

Samples: Guaranty Agreement (Inland Diversified Real Estate Trust, Inc.), Guaranty Agreement (Inland Diversified Real Estate Trust, Inc.)

AutoNDA by SimpleDocs

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of the principal of or interest under the Note or any other amount payable by Borrower under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of Borrower or otherwise, the Guarantor’s obligations hereunder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. EXECUTED as of the day and year first above written. GUARANTOR: INLAND DIVERSIFIED REAL ESTATE TRUST, INC., a Maryland corporation By: /s/ Xxxxx Xxxxxx X. Xxxxxxx Xxxxx Hippel Xxxxxx X. XxxxxxxHippel

Appears in 1 contract

Samples: Guaranty Agreement (Inland Diversified Real Estate Trust, Inc.)

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of the principal of or interest under the Note or any other amount payable by Borrower under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of Borrower or otherwise, the Guarantor’s obligations hereunder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. EXECUTED as of the day and year first above written. GUARANTOR: INLAND DIVERSIFIED REAL ESTATE INCOME TRUST, INC., a Maryland corporation By: /s/ Xxxxx X. Xxxxxxx Xxxxxxxxxx Name: Xxxxx X. XxxxxxxXxxxxxxxxx

Appears in 1 contract

Samples: Guaranty Agreement (Inland Real Estate Income Trust, Inc.)

AutoNDA by SimpleDocs

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 Borrower under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of 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. 90526306v6 EXECUTED as of the day and year first above written. GUARANTOR: INLAND DIVERSIFIED REAL ESTATE TRUST, INC., a Maryland corporation By: _/s/ Xxxxx X. Xxxxxxx Name: Xxxxx X. XxxxxxxXxxxxxx Title: President

Appears in 1 contract

Samples: Guaranty Agreement (Inland Diversified Real Estate Trust, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!