REINSTATEMENT OF LIABILITY. If any claim is made upon the Agent or Lenders for repayment or recovery of any amount or amounts received by Agent or Lenders in payment or on account of any Obligations and Lenders repay all or part of said amount by reason of (a) any judgment, decree or order of any court or administrative body having jurisdiction over the Lenders or any of their property, or (b) any settlement or compromise in good faith with any such claimant (including Obligor), then and in such event Guarantor agrees that any such judgment, decree, order, settlement or compromise shall be binding upon the Guarantor, notwithstanding any termination hereof or the cancellation of any note or other instrument evidencing any Obligation, and Guarantor shall remain liable to the Lenders hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by Lenders.
REINSTATEMENT OF LIABILITY. If any claim is made upon the Bank for repayment or recovery of any amount or amounts received by Bank in payment or on account of any Obligations and Bank repays all or part of said amount by reason of (a) any judgment, decree or order of any court or administrative body having jurisdiction over the Bank or any of its property, or (b) any settlement or compromise in good faith with any such claimant (including Obligor), then and in such event each Guarantor agrees that any such judgment, decree, order, settlement or compromise shall be binding upon the Guarantor, notwithstanding any termination hereof or the cancellation of any note or other instrument evidencing any Obligation, and each Guarantor shall remain liable to the Bank hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by Bank.
REINSTATEMENT OF LIABILITY. Each Pledgor’s liability hereunder shall be reinstated and revived and Bank’s rights shall continue with respect to any amount paid on account of the Obligations secured hereby which shall thereafter be required to be restored or returned by Bank upon the bankruptcy or insolvency of such Pledgor or any other Person or for any other reason, all as though such amount had not been paid.
REINSTATEMENT OF LIABILITY. If claim is ever made upon the Lenders for repayment or recovery of any amount or amounts received by the Lenders in payment or on account of any of the Obligations incurred under the Loan Documents of any Obligor and the Lenders repay all or part of said amount by reason of (a) any judgment, decree or order of any court or administrative body having jurisdiction over the Lenders or any of their property, or (b) any settlement or compromise of any such claim effected by the Lenders with any such claimant (including the Obligors), then any such judgment, decree, order, settlement or compromise shall be binding upon the Obligors, notwithstanding any revocation hereof or the cancellation of any note or other instrument evidencing any liability of such Obligor, and the Obligors shall be and remain liable to the Lenders hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by the Lenders.
REINSTATEMENT OF LIABILITY. If claim is ever made upon the Bank for -------------------------- repayment or recovery of any amount or amounts received by the Bank in payment or on account of any of the Liabilities of any Debtor and the Bank repays all or part of said amount by reason of (a) any judgment, decree or order of any court or administrative body having jurisdiction over the Bank or any of its property, or (b) any settlement or compromise of any such claim effected by the Bank with any such claimant (including such Debtor), then any such judgment, decree, order, settlement or compromise shall be binding upon Pledgor, notwithstanding any revocation hereof or the cancellation of any note or other instrument evidencing any liability of such Debtor, and Pledgor shall be and remain liable to the Bank hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by the Bank.
REINSTATEMENT OF LIABILITY. The liability of the Guarantors under this Guarantee Agreement shall be reinstated with respect to any amount paid to the Guaranteed Parties by the Company or the Guarantors which is thereafter required to be returned to the Company or such Guarantors or the Company's or such Guarantors' respective receivers or trustees, upon the bankruptcy, insolvency or reorganization of the Company or such Guarantors or for any other reason, all as though such amount had not been paid by the Company or such Guarantors.
REINSTATEMENT OF LIABILITY. 3 ARTICLE V - DEFINITIONS....................................................3 ARTICLE VI - EXLCUSIONS....................................................4 ARTICLE VII - NET RETAINED LINES...........................................4 ARTICLE VIII - ULTIMATE NET LOSS...........................................5
REINSTATEMENT OF LIABILITY. In the event of any portion of the liability hereunder being exhausted by loss, the amount so exhausted shall be reinstated from the time of the occurrence of the loss after a payment of the remaining pro-rata share of the reinsurance premium for the coverage period. This payment is due within sixty (60) days of a catastrophe claim submission.
REINSTATEMENT OF LIABILITY. If claim is ever made upon Buyer for repayment or recovery of any amount or amounts received by Buyer in payment or on account of any of the liabilities of Seller and Buyer repays all or part of said amount by reason of (i) any judgment, decree or order of any court or administrative body having jurisdiction over Buyer or any of its property, or (ii) any settlement or compromise of any such claim effected by Buyer with any such claimant, then and in such event Seller agrees that any such judgment, decree, order, settlement or compromise shall be binding upon Seller, notwithstanding any revocation hereof or the cancellation of any note or other instrument evidencing any liability of Seller, and Seller shall be and remain liable to Buyer hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by Buyer.
REINSTATEMENT OF LIABILITY. The liability of Guarantor hereunder shall be reinstated and revived, and the rights of Lender shall continue with respect to any amounts on account of the Indebtedness, which shall thereafter be required to be restored or returned by Lender upon the bankruptcy, insolvency or reorganization of Borrower or for any other reason, as though such amount had not been paid.
