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, any Credit Party shall be required to repay any amounts previously paid by or on behalf of the Borrower or any Subsidiary Guarantor in reduction thereof by virtue of an order of any court having jurisdiction in the premises, including as a result of an adjudication that such amounts constituted preferential payments or fraudulent conveyances, the Subsidiary Guarantors unconditionally agree to pay to the Administrative 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 such Credit Party to the date of payment to the Administrative Agent at the applicable after-maturity rate set forth in Section 3.1 (b).

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Simmons Media Group 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, any Credit Party shall be required to repay any amounts previously paid by or on behalf of the Borrower or any Subsidiary Guarantor in reduction thereof by virtue of an order of any court having jurisdiction in the premises, including as a result of an adjudication that such amounts constituted preferential payments or fraudulent conveyances, the Subsidiary Guarantors unconditionally agree to pay to the Administrative 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 such Credit Party to the date of payment to the Administrative Agent at the applicable after-maturity rate set forth in Section 3.1 (b3.1(b).

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Antec 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, any Credit Party shall be required to repay any amounts previously paid by or on behalf of the Borrower or any the Subsidiary Guarantor in reduction thereof by virtue of an order of any court having jurisdiction in the premises, including as a result of an adjudication that such amounts constituted preferential payments or fraudulent conveyances, the Subsidiary Guarantors Guarantor unconditionally agree agrees to pay to the Administrative 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 such Credit Party to the date of payment to the Administrative Agent at the applicable after-maturity rate set forth in Section 3.1 (b)the Credit Agreement.

Appears in 1 contract

Samples: New Plan Excel Realty Trust 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, any Credit Guaranteed Party shall be required to repay any amounts previously paid by or on behalf of the Borrower or any Subsidiary the Guarantor in reduction thereof by virtue of an order of any court having jurisdiction in the premises, including as a result of an adjudication that such amounts constituted preferential payments or fraudulent conveyances, the Subsidiary Guarantors Guarantor unconditionally agree agrees to pay to the Administrative Agent, Agent within 10 ten 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 such Credit the applicable Guaranteed Party to the date of payment to the Administrative Agent at the applicable after-after maturity rate set forth in Section 3.1 (b)the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Salem Communications Corp /De/)

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