Common use of Reinstatement of Rights Clause in Contracts

Reinstatement of Rights. Under a law relating to insolvency a person may claim that a transaction (including a payment) in connection with this facility agreement is void or voidable. If a claim is made and upheld, conceded or compromised, then: a. we are immediately entitled, as against you, to the rights in respect of the total amount owing to which we were entitled immediately before the transaction; and b. on request from us, you agree to do anything to restore to us any security we held from you immediately before the transaction.

Reinstatement of Rights. Under a law relating to insolvency a person may claim that a transaction (including a payment) in connection with this facility agreement the total amount owing is void or voidable. If a claim is made and upheld, conceded or compromised, then: a. we are immediately entitled, as against you, to the rights in respect of the total amount owing to which we were entitled immediately before the transaction; and b. on request from us, you agree to do anything to restore to us any security encumbrance we held from you immediately before the transaction.

Reinstatement of Rights. ‌‌‌‌ Under a law relating to insolvency a person may claim that a transaction (including a payment) in connection with this aggregate trade facility agreement is void or voidable. If a claim is made and upheld, conceded or compromised, then: a. we are immediately entitled, as against you, to the rights in respect of the total amount owing to which we were entitled immediately before the transaction; and b. on request from us, you agree to do anything to restore to us any security we held from you immediately before the transaction.

Reinstatement of Rights. Under a law relating to insolvency a person may claim that a transaction (including a payment) in connection with this facility agreement the total amount owing is void or voidable. If a claim is made and upheld, conceded or compromised, then: a. (a) we are immediately entitled, as against you, to the rights in respect of the total amount owing to which we were entitled immediately before the transaction; and b. (b) on request from us, you agree to do anything to restore to us any security encumbrance we held from you immediately before the transaction.

Reinstatement of Rights. Under a law relating to insolvency a person may claim that a thata transaction (including a payment) in connection with this facility thisfacility agreement is void or voidable. If a claim is made and upheldandupheld, conceded or compromised, then: a. we are immediately entitled, as against you, to the rights in respect of the total amount owing to which we were wewere entitled immediately before the transaction; and b. on request from us, you agree to do anything to anythingto restore to us any security we held from you immediately youimmediately before the transaction.