Common use of Revival and Reinstatement Clause in Contracts

Revival and Reinstatement. If Administrative Agent or any Lender is required to pay, return or restore to Borrowers or any other person any amounts previously paid on the Indebtedness because of any Insolvency Proceeding of Borrowers, any stop notice or any other reason, the obligations of Guarantors shall be reinstated and revived and the rights of Administrative Agent and such Lender shall continue with regard to such amounts, all as though they had never been paid.

Revival and Reinstatement. If Administrative Agent or any Lender is required to pay, return or restore to Borrowers Borrower or any other person any amounts previously paid on the Indebtedness because of any Insolvency Proceeding of BorrowersBorrower, any stop notice or any other reason, the obligations of Guarantors Guarantor shall be reinstated and revived and the rights of Administrative Agent and such Lender shall continue with regard to such amounts, all as though they had never been paid.

Revival and Reinstatement. If Administrative Agent or any Lender is required to pay, return or restore to Borrowers Borrower or any other person any amounts previously paid on the Indebtedness because of any Insolvency Proceeding of BorrowersBorrower, any stop notice or any other reason, the obligations of Guarantors Guarantor shall be reinstated and revived and the rights of Administrative Agent and such Lender shall continue with regard to such amounts, all as though they had never been paid.