Revivor. If, after payment of the Senior Debt, the Borrower thereafter becomes liable to Lender on account of the Senior Debt, or any payment made on the Senior Debt shall for any reason be returned by Lender, this Agreement shall thereupon in all respects become effective with respect to such subsequent or reinstated Senior Debt, without the necessity of any further act or agreement among Lender and any of the Creditors.
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Samples: Debt Subordination Agreement (Kanis S.A.), Debt Subordination Agreement (Clean Diesel Technologies Inc)
Revivor. If, after payment of the Senior Debt, the Borrower Obligor thereafter becomes liable to Lender on account of the Senior Debt, or any payment made on the Senior Debt shall for any reason be returned by Lender, this Agreement shall thereupon in all respects become effective with respect to such subsequent or reinstated Senior Debt, without the necessity of any further act or agreement among between Lender and any of the CreditorsCreditor.
Appears in 2 contracts
Samples: Subordination Agreement (Netlist Inc), Debt Subordination Agreement (CalAmp Corp.)
Revivor. If, after payment of the Senior Debt, the Borrower Obligor thereafter becomes liable to the Lender Group on account of the Senior Debt, or any payment made on the Senior Debt shall for any reason be returned by Lenderthe Lender Group, this Agreement shall thereupon in all respects become effective with respect to such subsequent or reinstated Senior Debt, without the necessity of any further act or agreement among between the Lender Group and any of the CreditorsCreditor.
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Revivor. If, after payment of the Senior Debt, the Borrower thereafter becomes liable to Lender Bank on account of the Senior Debt, or any payment made on the Senior Debt shall for any reason be returned by LenderBank, this Agreement shall thereupon in all respects become effective with respect to such subsequent or reinstated Senior Debt, without the necessity of any further act or agreement among Lender between Bank and any of the CreditorsCreditor.
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Revivor. If, after payment of the Senior Debt, the Borrower thereafter becomes liable to Lender Bank on account of the Senior Debt, or any payment made on the Senior Debt shall for any reason be returned by LenderBank (whether because of any claim of a preference or any other claim or circumstance), this Agreement shall thereupon in all respects become effective with respect to such subsequent or reinstated Senior Debt, without the necessity of any further act or agreement among Lender between Bank and any of the CreditorsCreditor.
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Samples: Subordination Agreement (Xtera Communications, Inc.)
Revivor. If, after payment of the Senior Debt, the Borrower Obligor thereafter becomes liable to Lender Bank on account of the Senior Debt, or any payment made on the Senior Debt shall for any reason be returned by LenderBank, this Agreement shall thereupon in all respects become effective with respect to such subsequent or reinstated Senior Debt, without the necessity of any further act or agreement among Lender between Bank and any of the CreditorsCreditor.
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