Common use of Repayment in Bankruptcy, etc Clause in Contracts

Repayment in Bankruptcy, etc. If, at any time or times subsequent to the payment of all or any part of the Borrower Obligations or the Guarantor Obligations, the Agent or any Lender shall be required to repay any amounts previously paid by or on behalf of the Borrowers or any Guarantor in reduction thereof by virtue of an order of any court having jurisdiction in the premises, including, without limitation, as a result of an adjudication that such amounts constituted preferential payments or fraudulent conveyances, the Guarantors unconditionally agree to pay to the Agent within 10 days after demand a sum in cash equal to the amount of such repayment, together with interest on such amount from the date of such repayment by the Agent or such Lender, as the case may be, to the date of payment to the Agent at the applicable after-maturity rate set forth in the Credit Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Linens N Things Inc), Credit Agreement (Linens N Things Inc), Credit Agreement (Linens N Things Inc)

AutoNDA by SimpleDocs

Repayment in Bankruptcy, etc. If, at any time or times subsequent to the payment of all or any part of the Borrower Obligations or the Guarantor Obligations, the Agent Agent, the Issuer or any Lender shall be required to repay any amounts previously paid by or on behalf of the Borrowers Borrower or any Guarantor in reduction thereof by virtue of an order of any court having jurisdiction in the premises, including, without limitation, includng as a result of an adjudication that such amounts constituted preferential payments or fraudulent conveyances, the Guarantors unconditionally agree to pay to the Agent within 10 days after demand a sum in cash equal to the amount of such repayment, together with interest on such amount from the date of such repayment by the Agent Agent, the Issuer or such Lender, as the case may be, to the date of payment to the Agent at the applicable after-maturity rate set forth in the Credit Agreement.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Video Services Corp)

Repayment in Bankruptcy, etc. If, at any time or times subsequent to the payment of all or any part of the Borrower Obligations or the Guarantor Obligations, the Agent or any Lender shall be required to repay any amounts previously paid by or on behalf of the Borrowers Borrower or any Guarantor in reduction thereof by virtue of an order of any court having jurisdiction in the premises, including, without limitation, as a result of an adjudication that such amounts constituted preferential payments or fraudulent conveyances, the Guarantors unconditionally agree to pay to the Agent within 10 days after demand a sum in cash equal to the amount of such repayment, together with interest on such amount from the date of such repayment by the Agent or such Lender, as the case may be, to the date of payment to the Agent at the applicable after-maturity rate set forth in the Credit Agreement.

Appears in 1 contract

Samples: Subsidiary Guaranty and Security Agreement (Helicon Capital Corp)

AutoNDA by SimpleDocs

Repayment in Bankruptcy, etc. If, at any time or times subsequent to the payment of all or any part of the Borrower Obligations or the Guarantor Obligations, the Agent or any Lender Bank shall be required to repay any amounts previously paid by or on behalf of the Borrowers Primary Borrower Obligor or any Guarantor in reduction thereof by virtue of an order of any court having jurisdiction in the premises, including, without limitation, including as a result of an adjudication that such amounts constituted preferential payments or fraudulent conveyances, the Guarantors unconditionally agree to pay to the Agent Administrative Agent, within 10 days after demand demand, a sum in cash equal to the amount of such repayment, together with interest on such amount from the date of such repayment by the Agent or such Lender, as the case may be, Bank to the date of payment to the Administrative Agent at the applicable afterPost-maturity rate set forth in the Credit AgreementDefault Rate.

Appears in 1 contract

Samples: Loan Agreement (Griffon Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.