Rescission of Payment. Notwithstanding Section 9 below, this Agreement shall continue to be effective, or be reinstated as the case may be, as though such payment had not been made, if any payment by the Borrower pursuant to the terms and conditions of the Revolving Credit Note, the Loan Agreement, this Agreement or any other of the Borrower Documents is rescinded or must otherwise be restored or returned by the Lender for any reason, including, without limitation (a) the invalidity or unenforceability of the obligation paid, for any reason; (b) failure or insufficiency of consideration for the obligation paid, or (c) the insolvency, bankruptcy or reorganization of the Borrower or any of any other guarantor(s).
Rescission of Payment. Whenever for any reason (including under any law relating to Liquidation, fiduciary obligations or the protection of creditors):
(a) all or part of any transaction of any nature (including any payment or transfer) made during the term of this Deed which affects or relates in any way to the Secured Money is void, set aside or voidable;
(b) any claim that anything contemplated by paragraph (a) is upheld, conceded or compromised; or
(c) any Mortgagee is required to return or repay any money or asset received by it under any such transaction or the equivalent in value of that money or asset, each Mortgagee will immediately become entitled against the Mortgagor to all rights in respect of the Secured Money and the Mortgaged Property which it would have had if all or the relevant part of the transaction or receipt had not taken place. The Mortgagor shall indemnify the Mortgagee against any resulting loss, cost or expense. This clause continues to apply after this Deed is discharged.
Rescission of Payment. Whenever any of the following occurs for any reason (including under any law relating to bankruptcy, insolvency, liquidation, fiduciary obligations or the protection of creditors generally):
(a) all or part of any transaction of any nature (including any payment or transfer) made during the term of this Deed of Guarantee which affects or relates in any way to the Guaranteed Obligations is void, set aside or voidable;
(b) any claim that anything contemplated by paragraph (a) is so upheld, conceded or compromised; or
(c) any Holder is required to return or repay any money or asset received by it under any such transaction or the equivalent in value of that money or asset, the relevant Holder will immediately become entitled against each Member Guarantor to all rights in respect of the Guaranteed Obligations which it would have had if all or the relevant part of the transaction or receipt had not taken place. Each Member Guarantor shall indemnify each Holder against any resulting loss, cost or expense. This clause shall continue after this Deed of Guarantee is discharged.
Rescission of Payment. If at any time payment or performance, or any part of any payment or performance, of any of the Obligations is rescinded or must otherwise be returned by ISOMEDIA to Buyer, upon the insolvency, bankruptcy or reorganization of Buyer or otherwise, this Guaranty will continue to be effective or will be reinstated, as the case may be, all as though payment had not been made.
Rescission of Payment. To the fullest extent permitted by all applicable Requirements of Law, this Agreement shall continue to be effective or be reinstated, as the case may be, if at any time any payment (or part thereof), made or caused to be made by the Sponsor pursuant to this Agreement, is rescinded or must otherwise be restored or returned to any the Sponsor by any beneficiary of this Agreement upon the insolvency, bankruptcy or reorganization of any Person or otherwise, all as though such payment has not been made or caused to be made.
Rescission of Payment. Whenever any of the following occurs for any reason:
(a) all or part of any transaction of any nature (including any payment or transfer) made during the Term which affects or relates in any way to the Secured Money is void, set aside or voidable;
(b) any claim of a nature contemplated by paragraph (a) is upheld, conceded or compromised; or
(c) the Lender is required to return or repay any money or asset received by it under any such transaction or the equivalent in value of that money or asset, the Lender will again have all rights against the Guarantor in respect of the Secured Money and the Secured Property which the Lender would have had if all or the relevant part of the transaction or receipt had not taken place. The Guarantor shall indemnify the Lender against any resulting loss, cost or expense. This clause continues after this Agreement is discharged.
Rescission of Payment. This Mortgage Agreement shall continue to be effective or be reinstated, as the case may be, if at any time payment of the Obligations, or a part thereof, is rescinded or must otherwise be restored or returned by the Mortgagee, upon the insolvency, bankruptcy, or reorganization of either of the Mortgagors or otherwise, all as though such payment had not been made.
Rescission of Payment. 12 SECTION 13.
Rescission of Payment. Whenever for any reason (including without limitation under any law relating to Liquidation, fiduciary obligations or the protection of creditors):
Rescission of Payment. To the fullest extent permitted by Applicable Law and notwithstanding any prior release or termination, this Agreement shall continue to be effective or be reinstated, as the case may be, with respect to each Contributing Partner if at any time any payment (or part thereof) made or caused to be made by a Contributing Partner pursuant to this Agreement is rescinded or must otherwise be restored or returned to such Contributing Partner or the Partnership by any beneficiary of this Agreement upon the insolvency, bankruptcy or reorganization of a Contributing Partner or the Partnership or otherwise, all as though such payment had not been made or caused to be made.
