Common use of Reinstatement in Certain Circumstances Clause in Contracts

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 If at any time any amount payable by Tenant under the Lease is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of Tenant or otherwise, Guarantor's obligations hereunder with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

Appears in 2 contracts

Samples: Lease (Terra Tech Corp.), Guaranty (Terra Tech Corp.)

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 If at any time any amount payable by Tenant under the Lease is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of Tenant or otherwise, Guarantor's ’s obligations hereunder with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

Appears in 1 contract

Samples: Lease (Edible Garden AG Inc)

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 If at any time any amount payable by Tenant under an payment of the Lease Guaranteed Indebtedness is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of Tenant the Borrower or otherwise, the Guarantor's obligations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

Appears in 1 contract

Samples: Credit Agreement (Seer Technologies Inc /De)

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