Revivor. If, after payment of the Coast Debt, the Borrower thereafter becomes liable to Coast on account of the Coast Debt, as a result of any payment made on the Coast Debt for any reason being returned by Coast or being reversed, set aside, or recovered by the Borrower or any trustee or assignee for the Borrower, this Agreement shall thereupon in all respects become effective with respect to such subsequent or reinstated Coast Debt, without the necessity of any further act or agreement between Coast and the Subordinating Creditor.
Appears in 3 contracts
Samples: Loan and Security Agreement (Digital Products Inc), Loan and Security Agreement (Sync Research Inc), Subordination Agreement (Cyberguard Corp)
Revivor. If, after payment of the Coast Debt, the Borrower thereafter becomes liable to Coast on account of the Coast Debt, as a result of any payment made on the Coast Debt for any reason being returned by Coast or being reversed, set aside, or recovered by the Borrower or any trustee or assignee for the Borrower, this Agreement shall thereupon in all respects become effective with respect to such subsequent or reinstated Coast Debt, without the necessity of any further act or agreement between Coast and the Subordinating Creditor.
Appears in 1 contract
Samples: Convertible Securities Subscription Agreement (Ross Systems Inc/Ca)
