Common use of Rescission of Payments Clause in Contracts

Rescission of Payments. If at any time any payment made by Maker under this Note is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of Maker or otherwise, Maker’s obligation to make such payment shall be reinstated as though such payment had not been made.

Appears in 3 contracts

Samples: MICT, Inc., Tingo, Inc., MICT, Inc.

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Rescission of Payments. If at any time any payment made by Maker under this Note the Notes is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of Maker or otherwise, Maker’s obligation to make such payment shall be reinstated as though such payment had not been made.

Appears in 2 contracts

Samples: Subordination Agreement (Ampco Pittsburgh Corp), Subordination Agreement (Ampco Pittsburgh Corp)

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Rescission of Payments. If at any time any payment made by the Maker under this Note is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of the Maker or otherwise, the Maker’s obligation to make such payment shall be reinstated as though such payment had not been made.

Appears in 2 contracts

Samples: Oragenics Inc, ir.oragenics.com

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