Common use of Reinstatement; Stay of Acceleration Clause in Contracts

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrowers or otherwise, each Loan Guarantor’s obligations under this Loan Guaranty with respect to that payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrowers, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative Agent.

Appears in 4 contracts

Samples: Loan Guaranty (SB/RH Holdings, LLC), Second Lien Term Loan Agreement (Allscripts Healthcare Solutions, Inc.), First Lien Credit Agreement (Allscripts Healthcare Solutions, Inc.)

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Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Bank Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrowers any Borrower or otherwise, each Loan Guarantor’s obligations under this Loan Guaranty Guarantee with respect to that payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Bank Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrowersany Borrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Bank Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative Agent.

Appears in 4 contracts

Samples: Specified Refinancing Amendment, Incremental Amendment and Administrative Agency Transfer Agreement (Pactiv Evergreen Inc.), Credit Agreement (Pactiv Evergreen Inc.), Fourth Amended and Restated Agreement (Pactiv Evergreen Inc.)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrowers any Borrower or otherwise, each Loan Guarantor’s obligations under this Loan Guaranty with respect to that such payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrowersany Borrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative Agent.

Appears in 4 contracts

Samples: First Lien Loan Guaranty (Cotiviti Holdings, Inc.), Second Lien Loan Guaranty (Cotiviti Holdings, Inc.), First Lien Loan Guaranty (Cotiviti Holdings, Inc.)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrowers Borrower or otherwise, each Loan Guarantor’s obligations under this Loan Facility Guaranty with respect to that payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the BorrowersBorrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative AgentLender.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Barnes & Noble Education, Inc.), Term Loan Credit Agreement (Barnes & Noble Education, Inc.), Term Loan Credit Agreement (Barnes & Noble Education, Inc.)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrowers Borrower or otherwise, each Loan Guarantor’s obligations under this Loan Guaranty with respect to that payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the BorrowersBorrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative AgentLender.

Appears in 3 contracts

Samples: Secured Seller Note Agreement (American Water Works Company, Inc.), Revolving Credit Agreement (Bakkt Holdings, Inc.), Secured Seller Note Agreement (American Water Works Company, Inc.)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrowers any Borrower or otherwise, each Loan Guarantor’s obligations under this Loan Guaranty with respect to that payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrowersany Borrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative AgentSecured Party.

Appears in 3 contracts

Samples: Credit Agreement (Vestis Corp), Credit Agreement (Vestis Corp), Credit Agreement (Aramark)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrowers any Borrower or otherwise, each Loan Guarantor’s obligations under this Loan Guaranty with respect to that payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrowersany Borrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (Orion S.A.), Credit Agreement (Kleopatra Holdings 2 S.C.A.), Credit Agreement (Orion Engineered Carbons S.A.)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrowers Borrower or otherwise, each Loan Guarantor’s obligations under this Loan Guaranty with respect to that payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the BorrowersBorrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative Agent.

Appears in 3 contracts

Samples: Incremental Facility Amendment (Clean Harbors Inc), Credit Agreement (Clean Harbors Inc), Credit Agreement (Clean Harbors Inc)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrowers Borrower or otherwise, each Loan Guarantor’s obligations under this Loan Guaranty with respect to that such payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the BorrowersBorrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative Agent.

Appears in 3 contracts

Samples: Loan Guaranty (Claros Mortgage Trust, Inc.), Loan Guaranty (Claros Mortgage Trust, Inc.), Loan Guaranty (Blackstone Mortgage Trust, Inc.)

Reinstatement; Stay of Acceleration. If at any time any payment of any ofany portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the uponthe insolvency, bankruptcy, or reorganization of the Borrowers Borrower or otherwise, each Loan Guarantor’s obligations Guarantor’sobligations under this Loan Guaranty with respect to that payment shall be reinstated at such time as though asthough the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations GuaranteedObligations is stayed upon the insolvency, bankruptcy or reorganization of the BorrowersBorrower, all such amounts suchamounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations GuaranteedObligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative Agent.

Appears in 3 contracts

Samples: Incremental Facility Amendment to Credit Agreement (Clean Harbors Inc), Credit Agreement (Clean Harbors Inc), Credit Agreement (Clean Harbors Inc)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrowers Borrower or otherwise, each Loan Guarantor’s 's obligations under this Loan Guaranty with respect to that payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the BorrowersBorrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative Agent.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Amscan Holdings Inc), Abl Credit Agreement (Amscan Holdings Inc)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrowers either Borrower or otherwise, each Loan Guarantor’s obligations under this Loan Guaranty with respect to that payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrowerseither Borrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative Agent.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Party City Holdco Inc.), Term Loan Credit Agreement (Am-Source, LLC)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrowers Borrower or otherwise, each Loan Guarantor’s obligations under this Loan Guaranty with respect to that such payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the BorrowersBorrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Cava Group, Inc.), Credit Agreement (Cava Group, Inc.)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Bank Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrowers any Borrower or otherwise, each Loan Guarantor’s obligations under this Loan Guaranty Guarantee with respect to that payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Bank Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrowersany Borrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Bank Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative Agent.. [[5517420]] #93623000v7

Appears in 1 contract

Samples: Fourth Amended and Restated Credit Agreement (Pactiv Evergreen Inc.)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrowers or otherwise, each Loan Guarantor’s obligations under this Loan Guaranty with respect to that such payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrowers, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (INC Research Holdings, Inc.)

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Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrowers Borrower or otherwise, each Loan Guarantor’s obligations under this Second Lien Loan Guaranty with respect to that payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the BorrowersBorrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative Agent.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Hayward Holdings, Inc.)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrowers any Borrower or otherwise, each Loan ABL Guarantor’s obligations under this Loan ABL Guaranty with respect to that payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrowerssuch Borrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan ABL Guarantors forthwith on demand by the Administrative Agent.

Appears in 1 contract

Samples: Abl Credit Agreement (PQ Group Holdings Inc.)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrowers any Borrower or otherwise, each Loan Guarantor’s obligations under this Amended and Restated First Lien Loan Guaranty with respect to that such payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrowersany Borrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative Agent.

Appears in 1 contract

Samples: First Lien Credit Agreement (Cotiviti Holdings, Inc.)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrowers any Borrower or otherwise, each Loan Guarantor’s obligations under this Term Loan Guaranty with respect to that payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrowersany Borrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative Agent.

Appears in 1 contract

Samples: Term Loan Credit Agreement (PQ Group Holdings Inc.)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrowers Borrower or otherwise, each Parent Loan Guarantor’s obligations under this Loan Guaranty with respect to that such payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the BorrowersBorrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Parent Loan Guarantors forthwith on demand by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (ATI Physical Therapy, Inc.)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrowers any Borrower or otherwise, each Loan Guarantor’s obligations under this Loan Guaranty Guarantee with respect to that payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrowersany Borrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (ASC Holdco, Inc.)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrowers any Borrower or otherwise, each Loan GuarantorBorrower’s obligations under this Loan Guaranty Agreement with respect to that payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrowersany Borrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan Guarantors Borrowers forthwith on demand by the Administrative AgentLender.

Appears in 1 contract

Samples: Loan and Security Agreement (Pernix Group, Inc.)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrowers Borrower or otherwise, each Loan Guarantor’s obligations under this First Lien Loan Guaranty with respect to that payment shall be reinstated at such time as though the payment had not been made. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the BorrowersBorrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the other Loan Guarantors forthwith on demand by the Administrative Agent.

Appears in 1 contract

Samples: First Lien Credit Agreement (Hayward Holdings, Inc.)

Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Secured Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrowers Borrower or otherwise, each Loan GuarantorDebtor’s obligations under this Loan Guaranty Security Agreement with respect to that payment shall be reinstated at such time as though the payment had not been mademade and whether or not the Administrative Agent is in possession of this guaranty. If acceleration of the time for payment of any of the Guaranteed Secured Obligations is stayed upon the insolvency, bankruptcy or reorganization of the BorrowersBorrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Secured Obligations shall nonetheless be payable by the other Loan Guarantors forthwith Debtors promptly on demand by the Administrative Agent.

Appears in 1 contract

Samples: Security and Guaranty Agreement (FXCM Inc.)

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