Common use of Reinstatement of Obligations and Security Clause in Contracts

Reinstatement of Obligations and Security. To the extent that any Borrower makes a payment to Lender or Lender receives any payment(s) or proceeds of Accounts or other Collateral for Borrowers’ benefit, which payment(s) or proceeds or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law or equitable doctrine, then, to the extent of the payment(s) or proceeds received, Borrowers’ Obligations or part thereof intended to be satisfied thereby will be reinstated and continue in full force and effect, and all collateral security therefor will remain in full force and effect (or be reinstated), as if the payment(s) or proceeds had not been received by Lender, and an appropriate adjustment to Borrowers’ loan balance may be recorded, until payment has been made to Lender, which payment will be due on demand.

Reinstatement of Obligations and Security. To the extent that any Borrower makes Borrowers make a payment to Lender or Lender receives any payment(s) or proceeds of Accounts or other Collateral for Borrowers’ benefit, which payment(s) or proceeds or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law or equitable doctrine, then, to the extent of the payment(s) or proceeds received, Borrowers’ Obligations obligations or part thereof intended to be satisfied thereby will be reinstated and continue in full force and effect, and all collateral security therefor will remain in full force and effect (or be reinstated), as if the payment(s) or proceeds had not been received by Lender, and an appropriate adjustment to Borrowers’ loan balance may be recorded, until payment has been made to Lender, which payment will be due on demand.

Reinstatement of Obligations and Security. To the extent that any Borrower makes a payment to Lender or Lender receives any payment(s) or proceeds of Accounts or other Collateral for Borrowers’ Borrower's benefit, which payment(s) or proceeds or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law or equitable doctrine, then, to the extent of the such payment(s) or proceeds received, Borrowers’ Obligations the Borrower's obligations or part thereof intended to be satisfied thereby will shall be reinstated and continue in full force and effect, and all collateral security therefor will shall remain in full force and effect (or be reinstated), as if the such payment(s) or proceeds had not been received by Lender, and an appropriate adjustment to Borrowers’ Borrower's loan balance may be recorded, until payment has shall have been made to Lender, which payment will shall be due on demand.

Reinstatement of Obligations and Security. To the extent that any either Borrower makes a payment to Lender or Lender receives any payment(s) or proceeds of Accounts or other Collateral for Borrowers’ a Borrower's benefit, which payment(s) or proceeds or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law or equitable doctrine, then, to the extent of the such payment(s) or proceeds received, Borrowers’ Obligations obligations or part thereof intended to be satisfied thereby will be reinstated and continue in full force and effect, and all collateral security therefor will remain in full force and effect (or be reinstated), as if the such payment(s) or proceeds had not been received by Lender, and an appropriate adjustment to Borrowers’ loan balance may be recorded, until payment has will have been made to Lender, which payment will be due on demand.

Reinstatement of Obligations and Security. To the extent that any Borrower makes a payment to Lender or Lender receives any payment(s) or proceeds of Accounts or other Collateral for Borrowers’ any Borrower's benefit, which payment(s) or proceeds or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law or equitable doctrine, then, to the extent of the such payment(s) or proceeds received, Borrowers’ Obligations any Borrower's obligations or part thereof intended to be satisfied thereby will shall be reinstated and continue in full force and effect, and all collateral security therefor will shall remain in full force and effect (or be reinstated), as if the such payment(s) or proceeds had not been received by Lender, and an appropriate adjustment to Borrowers’ Borrower's loan balance may be recorded, until payment has shall have been made to Lender, which payment will shall be due on demand.

Reinstatement of Obligations and Security. To the extent that any Borrower makes a payment to Lender or Lender receives any payment(s) or proceeds of Accounts Receivables or other Collateral collateral for Borrowers’ Borrower' s benefit, which payment(s) or proceeds or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law or equitable doctrine, then, to the extent of the such payment(s) or proceeds received, Borrowers’ Obligations the Borrower's obligations or part thereof intended to be satisfied thereby will shall be reinstated and continue in full force and effect, and all collateral security therefor will shall remain in full force and effect (or be reinstated), as if the such payment(s) or proceeds had not been received by Lender, and an appropriate adjustment to Borrowers’ Borrower's loan balance may be recorded, until payment has shall have been made to Lender, which payment will shall be due on demand.

Reinstatement of Obligations and Security. To the extent that any Borrower Obligor makes a payment to Lender Bank or Lender Bank receives any payment(s) or proceeds of Accounts accounts or other Collateral for Borrowers’ any Obligor's benefit, which payment(s) or proceeds or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law or equitable doctrine, then, to the extent of the such payment(s) or proceeds received, Borrowers’ Obligations the Obligor's obligations or part thereof intended to be satisfied thereby will be reinstated and continue in full force and effect, and all collateral security therefor will remain in full force and effect (or be reinstated), as if the such payment(s) or proceeds had not been received by LenderBank, and an appropriate adjustment to Borrowers’ that Obligor's loan balance may be recorded, until payment has been made to LenderBank, which payment will be due on demand.

Reinstatement of Obligations and Security. To the extent that any either Borrower makes a any payment to Lender or Lender receives any payment(s) or proceeds of Accounts or other Collateral for Borrowers’ ' benefit, which payment(s) or proceeds or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, state state, provincial or federal law, common law or equitable doctrine, then, to the extent of the such payment(s) or proceeds received, the Borrowers’ Obligations ' obligations or part thereof intended to be satisfied thereby will shall be reinstated and continue in full force and effect, and all collateral security therefor will shall remain in full force and effect (or be reinstated), as if the such payment(s) or proceeds had not been received by Lender, and an appropriate adjustment to Borrowers’ ' loan balance may be recorded, until payment has shall have been made to Lender, which payment will shall be due on demand.

Reinstatement of Obligations and Security. To the extent that any either Borrower makes a any payment to Lender or Lender receives any payment(s) or proceeds of Accounts or other Collateral for Borrowers’ benefit, which payment(s) or proceeds or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, state state, provincial or federal law, common law or equitable doctrine, then, to the extent of the such payment(s) or proceeds received, the Borrowers’ Obligations obligations or part thereof intended to be satisfied thereby will shall be reinstated and continue in full force and effect, and all collateral security therefor will shall remain in full force and effect (or be reinstated), as if the such payment(s) or proceeds had not been received by Lender, and an appropriate adjustment to Borrowers’ loan balance may be recorded, until payment has shall have been made to Lender, which payment will shall be due on demand.