Common use of Restatement of Rights Clause in Contracts

Restatement of Rights. The provisions of this Agreement shall continue to be effective or be reinstated, as the case may be, if at any time any payment of Secured Debt is rescinded or must otherwise be returned by the Collateral Trustee or any Secured Party upon the insolvency, bankruptcy or reorganization of a Grantor or otherwise, all as though such payment had not been made.

Appears in 2 contracts

Samples: Collateral Trust Agreement (FMC Corp), Pledge and Security Agreement (Finova Group Inc)

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Restatement of Rights. The provisions of this Agreement shall --------------------- continue to be effective or be reinstated, as the case may be, if at any time any payment of Secured Debt is rescinded or must otherwise be returned by the Collateral Trustee or any Secured Party upon the insolvency, bankruptcy or reorganization of a Grantor or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Collateral Trust Agreement (Finova Group Inc)

Restatement of Rights. The provisions of this Collateral Security Agreement shall continue to be effective or be reinstated, as the case may be, if at any time any payment of Secured Debt is rescinded or must otherwise be returned by the Collateral Trustee Administrative Agent or any Secured Party upon the insolvency, bankruptcy or reorganization of a Grantor or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Collateral Security Agreement (Westpoint Stevens Inc)

Restatement of Rights. The provisions of this Collateral Trust Agreement shall continue to be effective or be reinstated, as the case may be, if at any time any payment of Secured Debt is rescinded or must otherwise be returned by the Collateral Trustee or any Secured Party upon the insolvency, bankruptcy or reorganization of a Grantor or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Collateral Trust Agreement (Westpoint Stevens Inc)

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Restatement of Rights. The provisions of this Agreement --------------------- shall continue to be effective or be reinstated, as the case may be, if at any time any payment of Secured Debt is rescinded or must otherwise be returned by the Collateral Trustee or any Secured Party upon the insolvency, bankruptcy or reorganization of a Grantor or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Collateral Trust Agreement (Finova Group Inc)

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