Common use of Revival of Indebtedness Clause in Contracts

Revival of Indebtedness. If at any time, all or any part of any payment previously received by a Beneficiary and applied to any Obligation must be rescinded or returned by such Beneficiary for any reason whatsoever (including the insolvency, bankruptcy or reorganization of the Borrower or any Subsidiary, as applicable), such Obligation shall, for the purpose of this Guarantee, to the extent that such payment must be rescinded or returned, be deemed to have continued in existence, notwithstanding such application by such Beneficiary, and this Guarantee shall continue to be effective or be reinstated, as the case may be, as to such Obligation as though such application by such Beneficiary had not been made.

Revival of Indebtedness. If at any time, all or any part of any payment previously received by a Beneficiary and applied to any Obligation must be rescinded or returned by such the Beneficiary for any reason whatsoever (including the insolvency, bankruptcy or reorganization of the either Borrower or any Subsidiary, as applicable), such Obligation shall, for the purpose of this Guarantee, to the extent that such payment must be rescinded or returned, be deemed to have continued in existence, notwithstanding such application by such the Beneficiary, and this Guarantee shall continue to be effective or be reinstated, as the case may be, as to such Obligation as though such application by such the Beneficiary had not been made.

Revival of Indebtedness. If at any time, all or any part of any payment previously received by a Beneficiary and applied to any Obligation must be rescinded or returned by such the Beneficiary for any reason whatsoever (including the insolvency, bankruptcy or reorganization of the any Borrower or any Subsidiary, as applicable), such Obligation shall, for the purpose of this Guarantee, to the extent that such payment must be rescinded or returned, be deemed to have continued in existence, notwithstanding such application by such the Beneficiary, and this Guarantee shall continue to be effective or be reinstated, as the case may be, as to such Obligation as though such application by such the Beneficiary had not been made.

Revival of Indebtedness. If at any time, all or any part of any payment previously received by a Beneficiary and applied to any Obligation must be rescinded or returned by such the Beneficiary for any reason whatsoever (including the insolvency, bankruptcy or reorganization of the Borrower or any Subsidiary, as applicable), such Obligation shall, for the purpose of this Guarantee, to the extent that such payment must be rescinded or returned, be deemed to have continued in existence, notwithstanding such application by such the Beneficiary, and this Guarantee shall continue to be effective or be reinstated, as the case may be, as to such Obligation as though such application by such the Beneficiary had not been made.

Revival of Indebtedness. If at any time, all or any part of any payment previously received by a Beneficiary Lender and applied to any Obligation must be rescinded or returned by such Beneficiary the Lender for any reason whatsoever (including the insolvency, bankruptcy or reorganization of the Borrower or any Subsidiary, as applicableBorrower), such Obligation shall, for the purpose of this Guarantee, to the extent that such payment must be rescinded or returned, be deemed to have continued in existence, notwithstanding such application by such Beneficiarythe Lender, and this Guarantee shall continue to be effective or be reinstated, as the case may be, as to such Obligation as though such application by such Beneficiary the Lender had not been made.

Revival of Indebtedness. If at any time, all or any part of any payment previously received by a Beneficiary and applied to any Obligation must be rescinded or returned by such the Beneficiary for any reason whatsoever (including the insolvency, bankruptcy or reorganization of the Borrower or any Subsidiary, as applicableIssuer), such Obligation shall, for the purpose of this Guarantee, to the extent that such payment must be rescinded or returned, be deemed to have continued in existence, notwithstanding such application by such the Beneficiary, and this Guarantee shall continue to be effective or be reinstated, as the case may be, as to such Obligation as though such application by such the Beneficiary had not been made.

Revival of Indebtedness. If at any time, all or any part of any payment previously received by a Beneficiary and applied to any Obligation must be rescinded or returned by such the Beneficiary for any reason whatsoever (including the insolvency, bankruptcy or reorganization of the Borrower or any Subsidiary, as applicableBorrower), such Obligation shall, for the purpose of this Guarantee, to the extent that such payment must be rescinded or returned, be deemed to have continued in existence, notwithstanding such application by such the Beneficiary, and this Guarantee shall continue to be effective or be reinstated, as the case may be, as to such Obligation as though such application by such the Beneficiary had not been made.

Revival of Indebtedness. If at any time, all or any part of any payment previously received by a Beneficiary and applied to any Obligation must be rescinded or returned by such the Beneficiary for any reason whatsoever (including the insolvency, bankruptcy or reorganization of the Borrower or any Subsidiary, as applicable), such Obligation shall, for the purpose of this Guarantee, to the extent that such payment must be rescinded or returned, be deemed to have continued in existence, notwithstanding such application by such the Beneficiary, and this Guarantee shall continue to be effective or be reinstated, as the case may be, as to such Obligation as though such application by such the Beneficiary had not been made.