Common use of Reinstatement of Obligations Clause in Contracts

Reinstatement of Obligations. If at any time all or any part of any payment made by the Borrower or received by the Indemnified Parties from the Borrower under or with respect to this Agreement is or must be rescinded or returned for any reason whatsoever, including the insolvency, bankruptcy or reorganization of any Indemnitor under any Debtor Relief Law (as defined below), then the obligations of the Indemnitors hereunder shall, to the extent of the payment rescinded or returned, be deemed to have continued in existence, notwithstanding such previous payment made by the Indemnitors, or receipt of payment by an Indemnified Party, and the obligations of the Indemnitors hereunder shall continue to be effective or be reinstated, as the case may be, as to such payment, all as though such previous payment by the Indemnitors had never been made.

Appears in 9 contracts

Samples: Environmental Indemnity Agreement (Lifeway Foods Inc), Environmental Indemnity Agreement (Grubb & Ellis Healthcare REIT, Inc.), Environmental Indemnity Agreement (Grubb & Ellis Healthcare REIT, Inc.)

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Reinstatement of Obligations. If at any time all or any part of any payment made by the Borrower Indemnitor or received by the an Indemnified Parties Party from the Borrower Indemnitor under or with respect to this Agreement is or must be rescinded or returned for any reason whatsoeverwhatsoever (including, including but not limited to, the insolvency, bankruptcy or reorganization of any Indemnitor under any Debtor Relief Law (as defined belowIndemnitor), then the obligations of the Indemnitors Indemnitor hereunder shall, to the extent of the payment rescinded or returned, be deemed to have continued in existence, notwithstanding such previous payment made by the IndemnitorsIndemnitor, or receipt of payment by an Indemnified Party, and the obligations of the Indemnitors Indemnitor hereunder shall continue to be effective or be reinstated, as the case may be, as to such payment, all as though such previous payment by the Indemnitors Indemnitor had never been made.

Appears in 4 contracts

Samples: www.sec.gov, Environmental Indemnity Agreement (Inland Real Estate Income Trust, Inc.), Environmental Indemnity Agreement (Inland Real Estate Income Trust, Inc.)

Reinstatement of Obligations. If at any time all or any part of any payment made by the Borrower Indemnitor or received by the any Indemnified Parties Party from the Borrower Indemnitor under or with respect to this Agreement is or must be rescinded or returned for any reason whatsoeverwhatsoever (including, including the insolvency, bankruptcy or reorganization of any Indemnitor under any Debtor Relief Law (as defined belowor Borrower), then the obligations of the Indemnitors Indemnitor hereunder shall, to the extent of the payment rescinded or returned, be deemed to have continued in existence, notwithstanding such previous payment made by the IndemnitorsIndemnitor, or receipt of payment by an such Indemnified Party, and the obligations of the Indemnitors Indemnitor hereunder shall continue to be effective or be reinstated, as the case may be, as to such payment, all as though such previous payment by the Indemnitors Indemnitor had never been made.

Appears in 2 contracts

Samples: Indemnity and Guaranty Agreement (Maxxam Inc), Indemnity and Guaranty Agreement (Maxxam Inc)

Reinstatement of Obligations. If at any time all or any part of any payment made by the Borrower or received by the Indemnified Parties from the Borrower under or with respect to this Agreement is or must be rescinded or returned for any reason whatsoever, whatsoever (including the insolvency, bankruptcy or reorganization of any Indemnitor under any Debtor Relief Law (as defined below)), then the obligations of the Indemnitors hereunder shall, to the extent of the payment rescinded or returned, be deemed to have continued in existence, notwithstanding such previous payment made by the Indemnitors, or receipt of payment by an Indemnified Party, and the obligations of the Indemnitors hereunder shall continue to be effective or be reinstated, as the case may be, as to such payment, all as though such previous payment by the Indemnitors had never been made.

Appears in 2 contracts

Samples: Environmental Indemnity Agreement (Sterling Mining CO), Environmental Indemnity Agreement (Horizon Group Properties Inc)

Reinstatement of Obligations. If at any time all or any part of any payment made by the Borrower Indemnitor or received by the Indemnified Parties from the Borrower Indemnitor under or with respect to this Agreement is or must be rescinded or returned for any reason whatsoever, including the insolvency, bankruptcy or reorganization of any Indemnitor under any Debtor Relief Law (as defined below), then the obligations of the Indemnitors Indemnitor hereunder shall, to the extent of the payment rescinded or returned, be deemed to have continued in existence, notwithstanding such previous payment made by the IndemnitorsIndemnitor, or receipt of payment by an Indemnified Party, and the obligations of the Indemnitors Indemnitor hereunder shall continue to be effective or be reinstated, as the case may be, as to such payment, all as though such previous payment by the Indemnitors Indemnitor had never been made.

Appears in 1 contract

Samples: Environmental Indemnity Agreement (Sun Communities Inc)

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Reinstatement of Obligations. If at any time all or any part of any payment made by the Borrower Indemnitor or received by the an Indemnified Parties Party from the Borrower Indemnitor under or with respect to this Agreement is or must be rescinded or returned for any reason whatsoeverwhatsoever (including, including but not limited to, the insolvency, bankruptcy or reorganization of any Indemnitor under any Debtor Relief Law (as defined belowIndemnitor), then the obligations of the Indemnitors Indemnitor hereunder shall, to the extent of the payment rescinded or returned, be deemed to have continued in existence, notwithstanding such previous payment made by the IndemnitorsIndemnitor, or receipt of payment by an Indemnified Party, and the obligations of the Indemnitors Indemnitor hereunder shall continue to be effective or be reinstated, as the case may be, as to such payment, all as though such previous payment by the Indemnitors Indemnitor had never been made.

Appears in 1 contract

Samples: Environmental Indemnity Agreement (Grubb & Ellis Healthcare REIT, Inc.)

Reinstatement of Obligations. If at any time time, all or any part of any payment made by the Borrower Indemnifying Party or received by the Indemnified Parties Party from the Borrower Indemnifying Party under or with respect to the indemnities provided in this Agreement Article 9 is or must be rescinded or returned for any reason whatsoeverwhatsoever (including, including but not limited to, the insolvency, bankruptcy bankruptcy, or reorganization of any Indemnitor under any Debtor Relief Law (as defined belowthe Indemnifying Party), then the obligations of the Indemnitors Indemnifying Party hereunder shall, to the extent of the payment rescinded or returned, be deemed to have continued in existence, notwithstanding such previous payment made by the IndemnitorsIndemnifying Party, or receipt of payment by an the Indemnified Party, and the obligations of the Indemnitors Indemnifying Party hereunder shall continue to be effective or be reinstated, as the case may be, as to such payment, all as though such previous payment by the Indemnitors Indemnifying Party had never been made.

Appears in 1 contract

Samples: Purchase And (East Coast Power LLC)

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