Common use of REINSTATEMENT OF LIABILITY Clause in Contracts

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 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 Agent or Lenders Bank for repayment or recovery of any amount or amounts received by Agent or Lenders Bank in payment or on account of any Obligations and Lenders repay 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 Lenders Bank or any of their its property, or (b) any settlement or compromise in good faith with any such claimant (including in- cluding 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 Lenders Bank hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by LendersBank.

REINSTATEMENT OF LIABILITY. If any claim is made upon the Agent or Lenders Lender for repayment or recovery of any amount or amounts received by Agent or Lenders Lender in payment or on account of any Obligations and Lenders repay Lender 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 Lenders Lender or any of their its 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 Lender hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by LendersLender.

REINSTATEMENT OF LIABILITY. If any claim is ever made upon the Agent or Lenders Buyer for repayment or recovery of any amount or amounts received by Agent or Lenders Buyer in payment or on account of any Obligations of the liabilities of Seller and Lenders repay Buyer repays all or part of said amount by reason of (ai) any judgment, decree or order of any court or administrative body having jurisdiction over the Lenders Buyer or any of their its property, or (bii) any settlement or compromise in good faith of any such claim effected by Buyer with any such claimant (including Obligor)claimant, then and in such event Guarantor Seller agrees that any such judgment, decree, order, settlement or compromise shall be binding upon the GuarantorSeller, notwithstanding any termination revocation hereof or the cancellation of any note or other instrument evidencing any Obligationliability of Seller, and Guarantor Seller shall be and remain liable to the Lenders Buyer hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by LendersBuyer.

REINSTATEMENT OF LIABILITY. If any claim is made upon the Agent or Lenders Banks for repayment or recovery of any amount or amounts received by Agent or Lenders Banks in payment or on account of any Obligations and Lenders repay Banks 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 Lenders Banks or any of their its property, or (b) any settlement or compromise in good faith with any such claimant (including Obligor), then then, and in such event 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 Banks hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by LendersBanks.