Repayment and Reinstatement Clause Samples

The Repayment and Reinstatement clause outlines the borrower's obligations to repay a loan and the conditions under which a previously accelerated or defaulted loan may be reinstated. Typically, this clause details the schedule and method for making payments, and specifies what steps a borrower must take—such as curing defaults and paying overdue amounts—to restore the loan to good standing after acceleration. Its core function is to provide a clear process for both repayment and for giving borrowers an opportunity to recover from default, thereby protecting the lender’s interests while offering the borrower a path to reinstate the loan.
Repayment and Reinstatement. If any claim is made prior to a date which is four (4) years following the termination hereof upon Timeline or any Person claiming through Timeline for repayment or disgorgement of any amount or amounts received by Timeline from Buyer in payment of the Guaranteed Obligations and Timeline or such Person, as the case may be, repays or disgorges all or any part of said amount, then, notwithstanding any revocation or termination of this Guaranty, Guarantor shall be and remain liable to Timeline or such Person, as the case may be, under the terms of the Guaranty for the amount so repaid, to the same extent as if such amount had never originally been received by Timeline or such Person, as the case may be.
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Repayment and Reinstatement. If any claim is made upon any of the ISO Parties or any Person claiming through an ISO Party for repayment or disgorgement of any amount or amounts received by an ISO Party in payment of the Guaranteed Obligations and the ISO Party or such Person, as the case may be, repays or disgorges all or any part of said amount, then, notwithstanding any revocation or termination of this Guaranty, Guarantors shall be and remain liable to the ISO Parties or such Person, as the case may be, for the amount so repaid, to the same extent as if such amount had never originally been received by the ISO Party or such Person, as the case may be.
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Repayment and Reinstatement. If any claim is ever made upon O&R or any Person claiming through O&R for repayment or disgorgement of any amount or amounts received by O&R from SEL or NY-Gen, as applicable in payment of the Guaranteed ▇▇▇▇▇▇ Obligations or the Guaranteed Gas and Hydro Obligations and O&R or such Person, as the case may be, repays or disgorges all or any part of said amount, then, notwithstanding any revocation or termination of this Guaranty, Guarantor shall be and remain liable to O&R or such Person, as the case may be, under the terms of this Guaranty for the amount so repaid, to the same extent as if such amount had never originally been received by O&R or such Person, as the case may be.
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Repayment and Reinstatement. If any claim is ever made upon the Company or any Person claiming through the Company for repayment or disgorgement of any amount or amounts received by the Company in payment of the Guaranteed Obligations and the Company or such Person, as the case may be, repays or disgorges all or any part of said amount, then, notwithstanding any revocation or termination of this Guaranty, Guarantor shall be and remain liable to the Company or such Person, as the case may be, for the amount so repaid, to the same extent as if such amount had never originally been received by the Company or such Person, as the case may be.
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Repayment and Reinstatement. If any claim is ever made upon O&R or Con Edison, as applicable, or any Person claiming through O&R or Con Edison, as applicable, for repayment or disgorgement of any amount or amounts received by O&R or Con Edison, as applicable, from the Buyer in payment of the Guaranteed Obligations or the Guaranteed Property Obligations and O&R or Con Edison, as applicable, or such Person, as the case may be, repays or disgorges all or any part of said amount, then, notwithstanding any revocation or termination of this Guaranty, Guarantor shall be and remain liable to O&R or Con Edison, as applicable, or such Person, as the case may be, under the terms of this Guaranty for the amount so repaid, to the same extent as if such amount had never originally been received by O&R or Con Edison, as applicable, or such Person, as the case may be.
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Repayment and Reinstatement. If any claim is made upon the Customer or any Person claiming through the Customer for repayment or disgorgement of any amount or amounts received by the Customer in payment of Northwind's Obligations and the Customer or such Person, as the case may be, is compelled by law to repay or disgorge all or any part of said amount, then, notwith- standing any revocation or termination of this Guaranty, the Guarantor shall be and remain liable to the Customer or such Person, as the case may be, for the amount so repaid, to the same extent as if such amount had never originally been received by the Customer or such Person, as the case may be.
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Related to Repayment and Reinstatement

  • Continuation and Reinstatement, etc Each Guarantor further agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Lenders, any Lender or any other Secured Party upon the bankruptcy or reorganization of the Borrower or a Guarantor, or otherwise.

  • Revival and Reinstatement If the incurrence or payment of the Guarantied Obligations or the obligations of Guarantor under this Guaranty by Guarantor or the transfer by Guarantor to Agent of any property of Guarantor should for any reason subsequently be declared to be void or voidable under any state or federal law relating to creditors’ rights, including provisions of the Bankruptcy Code relating to fraudulent conveyances, preferences, or other voidable or recoverable payments of money or transfers of property (collectively, a “Voidable Transfer”), and if the Lender Group is required to repay or restore, in whole or in part, any such Voidable Transfer, or elects to do so upon the reasonable advice of its counsel, then, as to any such Voidable Transfer, or the amount thereof that the Lender Group is required or elects to repay or restore, and as to all reasonable costs, expenses, and attorneys fees of the Lender Group related thereto, the liability of Guarantor automatically shall be revived, reinstated, and restored and shall exist as though such Voidable Transfer had never been made.

  • Discharge; Reinstatement Each Guarantor’s obligations hereunder will remain in full force and effect until the principal of, premium, if any, and interest on the Notes and all other amounts payable by the Company under this Indenture have been paid in full. If at any time any payment of the principal of, premium, if any, or interest on any Note or any other amount payable by the Company under this Indenture is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Company or otherwise, each Guarantor’s obligations hereunder with respect to such payment will be reinstated as though such payment had been due but not made at such time.

  • Revival and Reinstatement of Obligations If the incurrence or payment of the Obligations by Borrower or Guarantor or the transfer to the Lender Group of any property should for any reason subsequently be asserted, or declared, to be void or voidable under any state or federal law relating to creditors’ rights, including provisions of the Bankruptcy Code relating to fraudulent conveyances, preferences, or other voidable or recoverable payments of money or transfers of property (each, a “Voidable Transfer”), and if the Lender Group is required to repay or restore, in whole or in part, any such Voidable Transfer, or elects to do so upon the reasonable advice of its counsel, then, as to any such Voidable Transfer, or the amount thereof that the Lender Group is required or elects to repay or restore, and as to all reasonable costs, expenses, and attorneys fees of the Lender Group related thereto, the liability of Borrower or Guarantor automatically shall be revived, reinstated, and restored and shall exist as though such Voidable Transfer had never been made.

  • Termination; Reinstatement This Guaranty is a continuing and irrevocable guaranty of all Obligations now or hereafter existing and shall remain in full force and effect until all Obligations and any other amounts payable under this Guaranty are indefeasibly paid in full in cash and the Commitments and the Facilities with respect to the Obligations are terminated. Notwithstanding the foregoing, this Guaranty shall continue in full force and effect or be revived, as the case may be, if any payment by or on behalf of the Borrower or any Guarantor is made, or any of the Secured Parties exercises its right of setoff, in respect of the Obligations and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by any of the Secured Parties in their discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Laws or otherwise, all as if such payment had not been made or such setoff had not occurred and whether or not the Secured Parties are in possession of or have released this Guaranty and regardless of any prior revocation, rescission, termination or reduction. The obligations of each Guarantor under the preceding sentence shall survive termination of this Guaranty.