Reinstatement of Subordination. The obligations of each holder of Subordinated Debt under the provisions set forth in this Section 7 shall continue to be effective, or be reinstated, as the case may be, as to any payment in respect of any Senior Debt that is rescinded or must otherwise be returned by the holder of such Senior Debt upon the occurrence or as a result of any bankruptcy or judicial proceeding, all as though such payment had not been made.
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Samples: Note Agreement (Fresh America Corp), Securities Purchase Agreement (Able Telcom Holding Corp), Note Agreement (Suprema Specialties Inc)
Reinstatement of Subordination. The obligations of each holder of Subordinated Debt Note Holder under the provisions set forth in this Section 7 11 shall continue to be effective, or be reinstated, as the case may be, as to any payment in respect of any Senior Debt that is rescinded or must otherwise be returned by the holder of such Senior Debt upon the occurrence or as a result of any bankruptcy or judicial proceeding, all as though such payment had not been made.
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Samples: Note and Unit Subscription Agreement (Carlyle Group L.P.)
Reinstatement of Subordination. The obligations of each holder of Subordinated Debt under the provisions set forth in this Section 7 10 shall continue to be effective, or be reinstated, as the case may be, as to any payment in respect of any Senior Debt that is rescinded or must otherwise be returned by the holder of such Senior Debt upon the occurrence or as a result of any bankruptcy or judicial proceeding, all as though such payment had not been made, and provided that such payment is returned to the bankruptcy estate of the Company.
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Samples: Senior Subordinated Note and Warrant Purchase Agreement (Hutchinson Products Corp)
Reinstatement of Subordination. The obligations of each holder of Subordinated Debt Note Holder under the provisions set forth in this Section 7 1 shall continue to be effective, or be reinstated, as the case may be, as to any payment in respect of any Senior Debt that is rescinded or must otherwise be returned by the holder of such Senior Debt upon the occurrence or as a result of any bankruptcy or judicial proceeding, all as though such payment had not been made.
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Reinstatement of Subordination. The obligations of each holder of Subordinated Debt under the provisions set forth in this Section 7 8 shall continue to be effective, or to be reinstated, as the case may be, as to any payment in respect of any Senior Debt that is rescinded or must otherwise be returned by the holder of such Senior Debt upon the occurrence or as a result of any bankruptcy or judicial proceeding, all as though such payment had not been made.
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Samples: Note Purchase Agreement (Omniquip International Inc)
Reinstatement of Subordination. The obligations of each holder of Subordinated Debt under the provisions set forth in this Section 7 shall continue to be effective, or be reinstated, as the case may be, as to any payment in respect of any Senior Debt that is rescinded rescinded, avoided, set aside or must otherwise be returned by the holder of such Senior Debt upon the occurrence of or as a result of or pursuant to any bankruptcy or judicial proceeding, all as though such payment had not been made, a Payment Default then existed and this Agreement had at all times remained in effect.
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