Common use of Reinstatement of Rights Clause in Contracts

Reinstatement of Rights. If Lender shall have proceeded to enforce any right under this Agreement or any other Loan Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case (unless otherwise ordered by a court of competent jurisdiction), Lender shall be restored to its former position and rights hereunder with respect to the Property subject to the security interest created under this Agreement.

Appears in 35 contracts

Samples: Loan and Security Agreement, Security Agreement, Loan and Security Agreement (Knightscope, Inc.)

AutoNDA by SimpleDocs

Reinstatement of Rights. If Lender shall have proceeded to enforce any right under this Agreement or any other Loan Operative Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case (unless otherwise ordered by a court of competent jurisdiction), Lender shall be restored to its former position and rights hereunder with respect to the Property property subject to the security interest created under this Agreement.

Appears in 11 contracts

Samples: Equipment Loan and Security Agreement (Atheros Communications Inc), Equipment Loan and Security Agreement (Metabasis Therapeutics Inc), Loan Assumption and Forbearance Agreement (Jackpot Enterprises Inc)

Reinstatement of Rights. If Lender shall have proceeded to enforce any right under this Agreement or any other Loan Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case (unless otherwise ordered by a court of competent jurisdiction), Lender shall be restored to its their former position and rights hereunder with respect to the Property subject to the security interest created under this Agreement.

Appears in 7 contracts

Samples: Loan and Security Agreement (Maxygen Inc), Loan and Security Agreement (Depomed Inc), Loan and Security Agreement (Codexis Inc)

Reinstatement of Rights. If Lender Lenders shall have proceeded to enforce any right under this Agreement or any other Loan Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case (unless otherwise ordered by a court of competent jurisdiction), Lender Lenders shall be restored to its their former position and rights hereunder with respect to the Property subject to the security interest created under this Agreement.

Appears in 7 contracts

Samples: Venture Loan and Security Agreement, Venture Loan and Security Agreement (Ambit Biosciences Corp), Venture Loan and Security Agreement (Ambit Biosciences Corp)

Reinstatement of Rights. If Lender shall have proceeded to enforce ----------------------- any right under this Agreement or any other Loan Operative Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case (unless otherwise ordered by a court of competent jurisdiction), Lender shall be restored to its former position and rights hereunder with respect to the Property property subject to the security interest created under this Agreement.

Appears in 3 contracts

Samples: Loan and Security Agreement (Loudeye Technologies Inc), Loan and Security Agreement (Onvia Com Inc), Loan and Security Agreement (Corsair Communications Inc)

Reinstatement of Rights. If Lender shall have proceeded to enforce any right under this Agreement the Note or any other Loan Document the Landlord Waiver by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case (unless otherwise ordered by a court of competent jurisdiction), Lender shall be restored to its former position and rights hereunder with respect to the Property property subject to the security interest created under this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Signal Pharmaceuticals Inc), Loan and Security Agreement (Signal Pharmaceuticals Inc)

Reinstatement of Rights. If Lender Lenders shall have proceeded to enforce any right under this Agreement or any other Loan Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case (unless otherwise ordered by a court of competent jurisdiction), Lender Lenders shall be restored to its their former position and rights hereunder with respect to the Property Collateral subject to the security interest created under this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (MAP Pharmaceuticals, Inc.), Venture Loan and Security Agreement (MAP Pharmaceuticals, Inc.)

Reinstatement of Rights. If Lender Lenders shall have proceeded to enforce any right under this Agreement or any other Loan Operative Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case (unless otherwise ordered by a court of competent jurisdiction), Lender Lenders shall be restored to its their former position and rights hereunder with respect to the Property property subject to the security interest created under this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Tripath Imaging Inc), Venture Loan and Security Agreement (Acusphere Inc)

Reinstatement of Rights. If Lender shall have proceeded to enforce any right under this Agreement or any other Loan Operative Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case (unless otherwise ordered by a court of competent jurisdiction), Lender shall be restored to its former position and rights hereunder with respect to the Property property subject to the security interest created under this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Netscreen Technologies Inc)

Reinstatement of Rights. If Lender shall have proceeded to enforce any right under this Agreement Amendment or any other Loan Operative Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case (unless otherwise ordered by a court of competent jurisdiction), Lender shall be restored to its former position and rights hereunder with respect to the Property property subject to the security interest created under this AgreementAmendment.

Appears in 1 contract

Samples: Loan Assumption and Forbearance Agreement (J Net Enterprises Inc)

Reinstatement of Rights. If Lender Lenders shall have proceeded to ----------------------- enforce any right under this Agreement or any other Loan Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case (unless otherwise ordered by a court of competent jurisdiction), Lender Lenders shall be restored to its their former position and rights hereunder with respect to the Property subject to the security interest created under this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Copper Mountain Networks Inc)

Reinstatement of Rights. If Lender shall have proceeded to enforce any right under this Agreement or any other Loan Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case (unless otherwise ordered by a court of competent jurisdiction), Lender shall be restored to its former position and rights hereunder with respect to the Property Collateral subject to the security interest created under this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Soundbite Communications Inc)

AutoNDA by SimpleDocs

Reinstatement of Rights. If Lender Lenders shall have proceeded to ----------------------- enforce any right under this Agreement or any other Loan Operative Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case (unless otherwise ordered by a court of competent jurisdiction), Lender Lenders shall be restored to its their former position and rights hereunder with respect to the Property property subject to the security interest created under this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Exodus Communications Inc)

Reinstatement of Rights. If Lender shall have proceeded to enforce any right under this Agreement or any other Loan Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adverselyreason, then and in every such case (unless otherwise ordered by a court of competent jurisdiction), Lender shall be restored to its former position and rights hereunder with respect to the Property subject to the security interest created under this Agreement.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Singulex Inc)

Reinstatement of Rights. If Lender shall have proceeded to enforce any right under this Agreement or any other Loan Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case ease (unless otherwise ordered by a court of competent jurisdiction), Lender shall be restored to its former position and rights hereunder with respect to the Property subject to the security interest created under this Agreement.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Convio, Inc.)

Reinstatement of Rights. If Lender shall have proceeded to enforce any right under this Agreement or any other Loan Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case (unless otherwise ordered by a court of competent jurisdiction), Lender shall be restored to its former position and rights fights hereunder with respect to the Property subject to the security interest created under this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Portal Software Inc)

Reinstatement of Rights. If Lender shall have proceeded to enforce any right under this Agreement or any other Loan Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case (unless otherwise ordered by a court of competent jurisdiction), Lender shall be restored to its former position and rights hereunder with respect to the Property property subject to the security interest created under this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Sterling Equity Holdings Inc)

Reinstatement of Rights. If Lender shall have proceeded to ----------------------- enforce any right under this Agreement or any other Loan Operative Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case (unless otherwise ordered by a court of competent jurisdiction), Lender shall be restored to its former position and rights hereunder with respect to the Property property subject to the security interest created under this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Corsair Communications Inc)

Reinstatement of Rights. If Lender shall have proceeded to enforce any right under this Agreement or any other Loan Document by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then and in every such case (unless otherwise ordered by a court of competent jurisdiction), Lender shall be restored to its former position and rights hereunder with respect to the Property Collateral subject to the security interest created under this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Soundbite Communications Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!