Restoration of Parties. In the event the Administrative Agent shall have proceeded to enforce any right or remedy under this Agreement, and such proceedings are discontinued or abandoned for any reason, then the Grantors and the Administrative Agent shall immediately be restored to their former positions and rights hereunder, and all rights, powers and remedies of the Administrative Agent shall continue as if no such proceeding had taken place.
Appears in 5 contracts
Samples: Pledge and Security Agreement (Nuvera Communications, Inc.), Pledge and Security Agreement (Nuvera Communications, Inc.), Credit Agreement (Hawaiian Telcom Holdco, Inc.)
