Revival of Secured Obligations. To the extent Grantor or any other person or entity makes a payment or payments to Secured Party, or Secured Party enforces its security interest, and such payment or payments or the proceeds thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, receiver, or any other person or entity under any bankruptcy, insolvency or other law or in equity, then, to the extent of such recovery, the Secured Obligations or any part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment or payments had not been made, or such enforcement or setoff had not occurred.
Appears in 4 contracts
Samples: Coal Feedstock Purchase Agreement, Security Agreement, Coal Feedstock Purchase Agreement
