Common use of REVIVAL OF OBLIGATIONS AND LIENS Clause in Contracts

REVIVAL OF OBLIGATIONS AND LIENS. The Debtor expressly agrees that if the Debtor makes a payment to the Lender, which payment or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, or otherwise required to be repaid to a trustee, receiver or any other party under any bankruptcy act, state or federal law, common law or equitable cause, then to the extent of such repayment, the Obligations or any part thereof intended to be satisfied and the Liens provided for hereunder securing the same shall be revived and continued in full force and effect as if said payment had not been made.

REVIVAL OF OBLIGATIONS AND LIENS. The Debtor Borrower expressly agrees that if the Debtor Borrower makes a payment to the Lender, which payment or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, or otherwise required to be repaid to a trustee, receiver or any other party under any bankruptcy act, state or federal law, common law or equitable cause, then to the extent of such repayment, the Obligations or any part thereof intended to be satisfied and the Liens provided for hereunder securing the same shall be revived and continued in full force and effect as if said payment had not been made.

REVIVAL OF OBLIGATIONS AND LIENS. The Debtor Borrowers expressly agrees agree that if the Debtor any Borrower makes a payment to the Agent or any Lender, which payment or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, or otherwise required to be repaid to a trustee, receiver or any other party under any bankruptcy act, state or federal law, common law or equitable cause, then to the extent of such repayment, the Obligations or any part thereof intended to be satisfied and the Liens provided for hereunder securing the same shall shall, if not already released of record, be revived and continued in full force and effect as if said payment had not been made.

REVIVAL OF OBLIGATIONS AND LIENS. The Debtor Borrower expressly agrees that if the Debtor Borrower makes a payment to the Lender, which payment or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, or otherwise required to be repaid to a trustee, receiver or any other party under any bankruptcy act, state or federal law, common law or equitable cause, then to the extent of such repayment, the Obligations or any part thereof intended to be satisfied and the Liens provided for hereunder securing the same shall be revived and continued in full force and effect as if said payment had not been made. This paragraph shall survive the repayment of the Obligations and the termination of this Agreement or any other Loan Document.