Common use of Reinstatement of Subordination Clause in Contracts

Reinstatement of Subordination. If, at any time, all or part of any payment of any Senior Indebtedness theretofore made by the Company or any other Person is rescinded or must otherwise be returned by the holders of such Senior Indebtedness for any reason whatsoever (including, without limitation, the insolvency, bankruptcy or reorganization of the Company or such other Person), these subordination provisions shall continue to be effective or be reinstated, as the case may be, all as though such payment had not been made.

Reinstatement of Subordination. If, at any time, all or part of any payment of any Specified Senior Indebtedness theretofore made by the Company or any other Person is rescinded or must otherwise be returned by the holders of such Specified Senior Indebtedness for any reason whatsoever (including, without limitation, the insolvency, bankruptcy or reorganization of the Company or such other Person), these subordination provisions shall continue to be effective or be reinstated, as the case may be, all as though such payment had not been made.

Reinstatement of Subordination. If, at any time, all or part of any payment of any Senior Indebtedness Debt theretofore made by the Company or any other Person is rescinded or must otherwise be returned by the holders of such Senior Indebtedness Debt for any reason whatsoever (including, without limitation, the insolvency, bankruptcy or reorganization of the Company or such other Person), these subordination provisions shall continue to be effective or be reinstated, as the case may be, all as though such payment had not been made.