Common use of Reinstatement of Liens Clause in Contracts

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

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