Common use of Repaid Amounts Clause in Contracts

Repaid Amounts. Notwithstanding Article 4,if at any time, pursuant to court order or applicable law, payment of any amounts arising from or on account of the obligation to provide standard offer service are annulled, set aside, invalidated, declared to be fraudulent or preferential, rescinded or must otherwise be returned, refunded or repaid by Beneficiary upon the insolvency, bankruptcy or reorganization of [Standard Offer Provider] or otherwise, then the Guarantor shall be liable for the amounts so repaid to the same extent as if such amounts were never received by the Beneficiary.

Repaid Amounts. Notwithstanding Article 4,if 4, if at any time, pursuant to court order or applicable law, payment of any amounts arising from or on account of the obligation to provide standard offer service Service are annulled, set aside, invalidated, declared to be fraudulent or preferential, rescinded or must otherwise be returned, refunded or repaid by Beneficiary upon the insolvency, bankruptcy or reorganization of [Standard Offer Service Provider] or otherwise, then the Guarantor shall be liable for the amounts so repaid to the same extent as if such amounts were never received by the Beneficiary.