Rescission of Payments. If at any time any payment made by the Borrower under this Note is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, the Borrower’s obligation to make such payment shall be reinstated as though such payment had not been made.
Appears in 17 contracts
Samples: Secured Promissory Note (Esports Entertainment Group, Inc.), Purchase and Sale Agreement (DigitalBridge Group, Inc.), Purchase and Sale Agreement (DigitalBridge Group, Inc.)
Rescission of Payments. If at any time any payment made by the Borrower under this Note is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy bankruptcy, or reorganization of the Borrower or otherwise, the Borrower’s obligation to make such payment shall be reinstated as though such payment had not been made.
Appears in 12 contracts
Samples: Subordinated Note (Prairie Operating Co.), Subordinated Note (Prairie Operating Co.), Ordinary Share Purchase Agreement (Genius Group LTD)
Rescission of Payments. If at any time any payment made by the Borrower Borrowers under this Note is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of the any Borrower or otherwise, the Borrower’s Borrowers’ obligation to make such payment shall be reinstated as though such payment had not been made.
Appears in 5 contracts
Samples: Secured Note (Hc2 Holdings, Inc.), Secured Note (Hc2 Holdings, Inc.), Secured Note (Hc2 Holdings, Inc.)
Rescission of Payments. If at any time any payment made by the Borrower under this Note is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, the Borrower’s 's obligation to make such payment shall be reinstated as though such payment had not been made.
Appears in 3 contracts
Samples: Secured Promissory Note (Advanced Cannabis Solutions, Inc.), Promissory Note (Armada Water Assets Inc), Notes and Warrants Purchase Agreement (Chinacast Education Corp)
Rescission of Payments. If at any time any payment made by the Borrower under this Note is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, the Borrower’s obligation to make such payment shall be reinstated as though such payment had not been made.
Appears in 2 contracts
Samples: Secured Promissory Note (Akers Biosciences, Inc.), Margin Loan Agreement (Teekay Corp)
Rescission of Payments. If at any time any payment made by the any Borrower under this Note Agreement is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of the a Borrower or otherwise, the such Borrower’s obligation to make such payment shall be reinstated as though such payment had not been made.
Appears in 2 contracts
Samples: Secured Bridge Loan Agreement (Timber Pharmaceuticals, Inc.), Secured Bridge Loan Agreement (Timber Pharmaceuticals, Inc.)
Rescission of Payments. If at any time any payment made by the a Borrower under this Note is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy bankruptcy, or reorganization of the a Borrower or otherwise, the such Borrower’s 's obligation to make such payment shall be reinstated as though such payment had not been made.
Appears in 2 contracts
Samples: Secured Promissory Note (Pioneer Financial Services Inc), Secured Promissory Note (Pioneer Financial Services Inc)
Rescission of Payments. If at any time any payment made by the Borrower under this Note is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy bankruptcy, or reorganization of the Borrower or otherwise, the Borrower’s 's obligation to make such payment shall be reinstated as though such payment had not been made.
Appears in 2 contracts
Samples: Secured Promissory Note (HFactor, Inc.), Subordinated Unsecured Promissory Note (INNOVATE Corp.)
Rescission of Payments. If at any time any payment made by the Borrower under this Note is Agreement shall be rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, the Borrower’s 's obligation to make such payment shall be reinstated as though such payment had not been made.
Appears in 2 contracts
Samples: Start Up Loan and Security Agreement (Carolina Complete Health Network, Inc.), Loan and Security Agreement (Carolina Complete Health Network, Inc.)
Rescission of Payments. If at any time any payment made by the Borrower Company under this Note is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy bankruptcy, or reorganization of the Borrower Company or otherwise, the BorrowerCompany’s obligation to make such payment shall be reinstated as though upon such payment had not been maderescission, restoration or return.
Appears in 2 contracts
Samples: Senior Convertible Note (Triller Corp.), Senior Convertible Note (Triller Corp.)
Rescission of Payments. If at any time any payment made by the Borrower under this Note is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of one of the Borrower or any endorser, guarantor and surety of this Note or otherwise, the Borrower’s 's obligation to make such payment shall be reinstated as though such payment had not been made.
Appears in 1 contract
Rescission of Payments. If at any time any payment made by the Borrower under this Note (whether by Borrower or any other person) is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy bankruptcy, or reorganization of Borrower or the Borrower person who made the payment, or otherwise, or if any check or other written order to pay any amount to Lender is dishonored or returned as unpaid by the Borrowerfinancial institution against which it is drawn, Bxxxxxxx’s obligation to make such that payment shall be reinstated as though such the payment had not been made.
Appears in 1 contract
Samples: Equity Incentive Plan (Evolution Development Group, Inc.)
Rescission of Payments. If at any time any payment made by the Borrower under against this Note (whether payment is made by Borrower or any other Person) is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy bankruptcy, or reorganization of Borrower or such other Person who made the Borrower payment, or otherwise, or if any check or other written order to pay any amount to Payee is dishonored or returned as unpaid by the Borrowerbank against whom it is drawn, Xxxxxxxx’s obligation to make such payment shall be reinstated as though such payment had not been made.
Appears in 1 contract
Samples: Promissory Note (Yunhong CTI Ltd.)
Rescission of Payments. If at any time any payment made by the Borrower Borrowers under this Note is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy bankruptcy, or reorganization of the any Borrower or otherwise, the Borrower’s Borrowers’ obligation to make such payment shall be reinstated as though such payment had not been made.
Appears in 1 contract
Rescission of Payments. If at any time any payment made by the Borrower under this Note is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy bankruptcy, or reorganization of the Borrower or otherwise, the Borrower’s obligation to make such payment shall will be reinstated as though such payment had not been made.
Appears in 1 contract
Samples: Promissory Note (iCoreConnect Inc.)
Rescission of Payments. If at any time any payment made by the Borrower Buyer under this Note is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower Buyer or otherwise, the BorrowerBuyer’s obligation to make such payment shall be reinstated as though such payment had not been made.
Appears in 1 contract
Samples: Purchase and Sale Agreement
Rescission of Payments. If at any time any payment made by the Borrower under this Note is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy bankruptcy, or reorganization of the Borrower or otherwise, the Borrower’s obligation to make such payment shall be reinstated as though such payment had not been made.
Appears in 1 contract
