Common use of Term; Reinstatement in Certain Circumstances Clause in Contracts

Term; Reinstatement in Certain Circumstances. This Guaranty shall remain in full force and effect until the earlier of (i) [expiration date], and (ii) [xx] days after written notice of termination is provided by Guarantor to Counterparty. Such termination shall not release Guarantor from liability for any Guaranteed Obligations arising prior to the effective date of such termination. If at any time any payment of any of the Guaranteed Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Company or otherwise, the Guarantor's obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had not been made.

Term; Reinstatement in Certain Circumstances. This Guaranty shall remain in full force and effect until the earlier date on which the Company is entitled by the Agreement to a release of (i) [expiration date], and (ii) [xx] days after written notice of termination is its Security provided by Guarantor to Counterpartythereunder. Such termination shall not release Guarantor from liability for any Guaranteed Obligations Obligation arising prior to the effective date of such terminationtermination (even if the amount of such Guaranteed Obligation is not then fully determined). If at any time any payment of any of the Guaranteed Obligations Obligation is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy bankruptcy, or reorganization of the Company or otherwiseCompany, the Guarantor's ’s obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had not been made.