Reinstatement of Obligations. The obligations of the Equity Contributor Guarantor hereunder shall be automatically reinstated if and to the extent that for any reason any payment or performance by or on behalf of the Guaranteed Equity Contributor in respect of the Guaranteed Obligations is rescinded or must be otherwise repaid, returned or restored to the Guaranteed Equity Contributor by any holder of any of the Guaranteed Obligations, whether as a result of insolvency, dissolution, liquidation, any proceedings in bankruptcy or reorganization or otherwise, all as though such payment had not been made. In the event that the whole or any part of any payment is so rescinded, reduced, restored or returned, amounts received that must be repaid shall be deemed not paid and such obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Appears in 7 contracts
Samples: Equity Funding Agreement, Equity Funding Agreement (BrightSource Energy Inc), Equity Funding Agreement (BrightSource Energy Inc)
