Common use of Term; Reinstatement Clause in Contracts

Term; Reinstatement. The security interest granted herein shall continue until all amounts due and owing hereunder and all amounts included in the secured indebtedness and secured hereby have been irrevocably paid in full. If, after receipt of payment of all or any part of the Loans, Lender is for any reason required to surrender such payment to any Person because such payment is invalidated, declared fraudulent, set aside, determined to be void or voidable as a preference or diversion of trust funds, or for any other reason, then the Loans or part thereof intended to be satisfied shall be revived and this Agreement and the security interests granted herein or in connection herewith shall continue in full force as if such payment had not been made, and Borrower shall be liable to Lender, and hereby indemnifies Lender against and holds Lender harmless from, the amount of such surrendered payment. These provisions shall remain effective notwithstanding any contrary action taken by Lender in reliance on such payment which such action shall be deemed to have been conditioned on such payment having become final and irrevocable. The provisions of this Agreement are irrevocable. Upon final and irrevocable payment of the Loans and all amounts included in the secured indebtedness and performance of all of Borrower's obligations hereunder, all filings under the Uniform Commercial Code will be terminated within a reasonable time and the provisions of this Agreement shall terminate.

Term; Reinstatement. The security interest granted herein shall continue until all amounts due and owing hereunder and all amounts included in the secured indebtedness and secured hereby have been irrevocably paid in full. If, after receipt of payment of all or any part of the LoansLoan, Lender Secured Party is for any reason required to surrender such payment to any Person person because such payment is invalidated, declared fraudulent, set aside, determined to be void or voidable as a preference or diversion of trust funds, or for any other reason, then the Loans Loan or part thereof intended to be satisfied shall be revived and this Agreement and the security interests granted herein or in connection herewith interest shall continue in full force as if such payment had not been made, and Borrower Debtor shall be liable to LenderSecured Party, and hereby indemnifies Lender Secured Party against and holds Lender Secured Party harmless from, the amount of such surrendered payment. These provisions shall remain effective notwithstanding any contrary action taken by Lender Secured Party in reliance on such payment which such action shall be deemed to have been conditioned on such payment having become final and irrevocable. The provisions of this Agreement paragraph are irrevocable. Upon final and irrevocable payment of the Loans Loan and all amounts included in the secured indebtedness and performance of all of BorrowerDebtor's obligations hereunder, all filings under the Uniform Commercial Code will be terminated within a reasonable time and the provisions of this Agreement shall terminate.

Term; Reinstatement. The security interest granted herein shall continue until all amounts due and owing hereunder and all amounts included in the secured indebtedness and secured hereby have been irrevocably paid in full. If, after receipt of payment of all or any part of the LoansLoan, Lender is for any reason required to surrender such payment to any Person person because such payment is invalidated, declared fraudulent, set aside, determined to be void or voidable as a preference or diversion of trust funds, or for any other reason, then the Loans Loan or part thereof intended to be satisfied shall be revived and this Loan Agreement and the security interests granted herein or in connection herewith interest shall continue in full force as if such payment had not been made, and Borrower shall be liable to Lender, and hereby indemnifies Lender against and holds hold Lender harmless from, the amount of such surrendered payment. These provisions shall remain effective notwithstanding any contrary action taken by Lender in reliance on such payment which such action shall be deemed to have been conditioned on such payment having become final and an irrevocable. The provisions of this Loan Agreement are irrevocable. Upon final and irrevocable payment of the Loans Loan and all amounts included in the secured indebtedness and performance of all of Borrower's obligations hereunder, all filings under the Uniform Commercial Code will be terminated within a reasonable time and the provisions of this Loan Agreement shall terminate.