Common use of Reinstatement of Liens Clause in Contracts

Reinstatement of Liens. If, at any time after payment in full by Borrower of all Obligations and termination of Lender's Liens, any payments on Obligations previously made by Borrower or any other Person must be disgorged by Lender for any reason whatsoever (including, the insolvency, bankruptcy, or reorganization of Borrower or such other Person), this Agreement and then Lender's Liens granted hereunder are reinstated as to all disgorged payments as though such payments had not been made, and Borrower shall sign and deliver to Lender all documents and things necessary to perfect all terminated Liens.

Appears in 6 contracts

Samples: Loan and Security Agreement (Physician Health Corp), Loan and Security Agreement (Physician Health Corp), Loan and Security Agreement (Physician Health Corp)

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Reinstatement of Liens. If, at any time after payment in full by Borrower of all Obligations and termination of Lender's Liens, any payments on Obligations previously made by Borrower or any other Person must be disgorged by Lender for any reason whatsoever (including, without limitation, the insolvency, bankruptcy, or reorganization of Borrower or such other Person), this Agreement and then Lender's Liens granted hereunder are shall be reinstated as to all disgorged payments as though such payments had not been made, and Borrower shall sign and deliver to Lender all documents and things necessary to perfect all terminated Liens.

Appears in 3 contracts

Samples: Loan and Security Agreement (American Shared Hospital Services), Loan and Security Agreement (American Shared Hospital Services), Loan and Security Agreement (American Shared Hospital Services)

Reinstatement of Liens. If, at any time after payment in full by Borrower of all Obligations and termination of Lender's Liens, any payments on Obligations previously made by Borrower a Guarantor or any other Person must be disgorged by Lender for any reason whatsoever (including, the insolvency, bankruptcy, or reorganization of Borrower a Guarantor or such other Person), this Agreement and then Lender's Liens granted hereunder are reinstated as to all disgorged payments as though such payments had not been made, and Borrower a Guarantor shall sign and deliver to Lender all documents and things necessary to perfect all terminated Liens.

Appears in 2 contracts

Samples: Security Agreement (U S Diagnostic Inc), Security Agreement (U S Diagnostic Inc)

Reinstatement of Liens. If, at any time after payment in full by Borrower of all Obligations and termination of Lender's Liens, any payments on Obligations previously made by Borrower or any other Person must be disgorged by Lender for any reason whatsoever (including, without limitation, the insolvency, bankruptcy, or reorganization of Borrower or such other Person), this Agreement and then Lender's Liens granted hereunder are shall be reinstated as to all disgorged payments as though such payments had not been made, and Borrower shall sign and deliver to Lender all documents and things other items necessary to perfect all terminated Liens.

Appears in 2 contracts

Samples: Loan and Security Agreement (American Healthchoice Inc /Ny/), Loan and Security Agreement (Healthcare Imaging Services Inc)

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Reinstatement of Liens. If, at any time after payment in full by Borrower of all Obligations and termination of Lender's Liens, any payments on Obligations previously made by Borrower or any other Person must be disgorged by Lender for any reason whatsoever (including, the insolvency, bankruptcy, or reorganization of Borrower or such other Person), this Agreement and then Lender's Liens granted hereunder are reinstated as to all disgorged payments as though such payments had not been made, and Borrower shall sign and deliver to Lender all documents and things necessary to perfect all terminated Liens.

Appears in 2 contracts

Samples: Loan and Security Agreement (Physician Health Corp), Loan and Security Agreement (U S Diagnostic Inc)

Reinstatement of Liens. If, at any time after payment in full by Borrower of all Obligations and termination of Lender's Liens, any payments on Obligations previously made by Borrower or any other Person must be disgorged by Lender for any reason whatsoever (including, the insolvency, bankruptcy, or reorganization of Borrower or such other Person), this Agreement and then Lender's Liens granted hereunder are reinstated as to all disgorged payments as though such payments had not been made, and Borrower or Guarantor shall sign and deliver to Lender all documents and things necessary to perfect all terminated Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (U S Diagnostic Inc)

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