Common use of Reinstatement of obligation to pay Clause in Contracts

Reinstatement of obligation to pay. The Guarantor shall pay to the Owner on its demand any amount which the Owner is required, or agrees, to pay pursuant to any claim by, or settlement with, a trustee in bankruptcy of any other Relevant Person on the ground that any Leasing Document to which that Relevant Person is a party, or a payment by that Relevant Person, was invalid or unenforceable or on any similar ground.

Reinstatement of obligation to pay. The Guarantor shall pay to the Owner Agent on its demand any amount which the Owner any Creditor Party is required, or agrees, to pay pursuant to any claim by, or settlement with, a trustee in bankruptcy of the Borrower or of any other Relevant Person Obligor (or similar person) on the ground that any Leasing Document to which that Relevant Person is a partythe Loan Agreement, or a payment by that Relevant Personthe Borrower or of such other Obligor, was invalid or unenforceable or on any similar ground.

Reinstatement of obligation to pay. The Guarantor shall pay to the Owner Agent on its demand any amount which the Owner any Secured Party is required, or agrees, to pay pursuant to any claim by, or settlement with, a trustee in bankruptcy of the Borrower or of any other Relevant Person Transaction Obligor (or similar person) on the ground that this Agreement or any Leasing Document to which that Relevant Person is a partyother Finance Document, or a payment by that Relevant Personthe Borrower or of such other Transaction Obligor, was invalid or unenforceable or on any similar ground.

Reinstatement of obligation to pay. The Guarantor shall pay to the Owner Lender on its demand any amount which the Owner Lender is required, or agrees, to pay pursuant to any claim by, or settlement with, a trustee in bankruptcy of any other Relevant Person the Borrower or of another Security Party (or similar person) on the ground that any Leasing Document to which that Relevant Person is a party, the Loan Agreement or a payment by that Relevant Personthe Borrower or of another Security Party, was invalid or unenforceable or on any similar ground.

Reinstatement of obligation to pay. The Guarantor shall pay to the Owner Agent on its demand any amount which the Owner any Creditor Party is required, or agrees, to pay pursuant to any claim by, or settlement with, a trustee in bankruptcy of the Borrower or of any other Relevant Person Obligor (or similar person) on the ground that the Loan Agreement or any Leasing Document to which that Relevant Person is a partyother Finance Document, or a payment by that Relevant Personthe Borrower or of such other Obligor, was invalid or unenforceable or on any similar ground.

Reinstatement of obligation to pay. The Guarantor shall pay to the Owner Lender on its demand any amount which the Owner Lender is required, or agrees, to pay pursuant to any claim by, or settlement with, a trustee in bankruptcy of any other Relevant Person either Borrower or of another Security Party (or similar person) on the ground that any Leasing Document to which that Relevant Person is a partythe Loan Agreement or the Master Agreement, or a payment by that Relevant Personeither Borrower or of another Security Party, was invalid or unenforceable or on any similar ground.

Reinstatement of obligation to pay. The Guarantor shall pay to the Owner Lender on its demand any amount which the Owner Lender is required, or agrees, to pay pursuant to any claim by, or settlement with, a trustee in bankruptcy of any other Relevant Person the Borrower on the ground that any Leasing Document to which that Relevant Person is a partySecured Agreement, or a payment by that Relevant Personthe Borrower, was invalid or unenforceable or on any similar ground.

Reinstatement of obligation to pay. The Guarantor shall pay to the Owner Lender on its demand any amount which the Owner Lender is required, or agrees, to pay pursuant to any claim by, or settlement with, a trustee in bankruptcy of any other Relevant Person Borrower or of another Security Party (or similar person) on the ground that the Loan Agreement or any Leasing Document to which that Relevant Person is a partyother Finance Document, or a payment by that Relevant Personany Borrower or of another Security Party, was invalid or unenforceable or on any similar ground.

Reinstatement of obligation to pay. The Guarantor shall pay to the Owner on its demand any amount which the Owner is required, or agrees, to pay pursuant to any claim by, or settlement with, a trustee in bankruptcy of any other Relevant Person (other than the Approved Manager) on the ground that any Leasing Document to which that Relevant Person is a party, or a payment by that Relevant Person, was invalid or unenforceable or on any similar ground.

Reinstatement of obligation to pay. The Guarantor shall pay to the Owner Lender on its demand any amount which the Owner Lender is required, or agrees, to pay pursuant to any claim by, or settlement with, a trustee in bankruptcy of any other Relevant Person either Borrower or of another Security Party (or similar person) on the ground that any Leasing Document to which that Relevant Person is a party, the Loan Agreements or either Master Agreement or a payment by that Relevant Personthe Borrowers or either of them or by another Security Party, was invalid or unenforceable or on any similar ground.

Reinstatement of obligation to pay. The Guarantor shall pay to the Owner Lender on its demand any amount which the Owner Lender is required, or agrees, to pay pursuant to any claim by, or settlement with, a trustee in bankruptcy of any other Relevant Person the Borrower or of another Security Party (or similar person) on the ground that any Leasing Document to which that Relevant Person is a partythe Loan Agreement or the Master Agreement, or a payment by that Relevant Personthe Borrower or of another Security Party, was invalid or unenforceable or on any similar ground.