REVIVAL OF SECURITY INTEREST. If the Master Tenant makes a payment or payments to the Secured Party/Borrower (or the Secured Party/Borrower receives any payment or proceeds of the Collateral) that are subsequently voided, avoided, set aside, annulled, or disregarded under any bankruptcy law, state or federal law, common law or equitable cause, then, to the extent of the payment or proceeds received, the Obligations or part intended to be satisfied will be revived and will continue in full force and effect as if these payment(s) or proceeds had not been received by the Secured Party/Borrower, and the security interest granted herein shall be enforceable as to such Obligations as fully as if such payments had never been made.
Appears in 2 contracts
Samples: Master Tenant Security Agreement, Master Tenant Security Agreement
REVIVAL OF SECURITY INTEREST. If the Master Tenant Operator makes a payment or payments to the Secured Party/Borrower Party\Borrower (or the Secured Party/Borrower Party\Borrower receives any payment or proceeds of the Collateral) that are subsequently voided, avoided, set aside, annulled, or disregarded under any bankruptcy law, state or federal law, common law or equitable cause, then, to the extent of the payment or proceeds received, the Obligations or part intended to be satisfied will be revived and will continue in full force and effect as if these payment(s) or proceeds had not been received by the Secured Party/BorrowerParty\Borrower, and the security interest granted herein shall be enforceable as to such Obligations as fully as if such payments had never been made.
Appears in 2 contracts
Samples: Operator Security Agreement, Operator Security Agreement
REVIVAL OF SECURITY INTEREST. If the Master Tenant Operator makes a payment or payments to the Secured Party/Borrower PartyLender (or the Secured Party/Borrower PartyLender receives any payment or proceeds of the Collateral) that are subsequently voided, avoided, set aside, annulled, or disregarded under any bankruptcy law, state or federal law, common law or equitable cause, then, to the extent of the payment or proceeds received, the Obligations or part intended to be satisfied will willshall be revived and will willshall continue in full force and effect as if these payment(s) or proceeds had not been received by the Secured Party/BorrowerPartyLender, and the security interest granted herein shall be enforceable as to such suchthe Obligations as fully as if such payments had never been made.
Appears in 1 contract
Samples: Security Agreement