Termination and Reinstatement. Notwithstanding anything to the contrary contained herein, the Subordinated Indebtedness shall no longer be subordinated in right of liquidation pursuant to the terms contained herein otherwise at such time as the Secured Parties no longer have a lien on or security interest in the System Lease Obligations. If any payment to any of the Entitled Party, the Company, the Collateral Agent or the Secured Parties by Sharyland or any other Person in respect of any of the System Lease Obligations is held to constitute a preference or a voidable transfer under applicable Law, or if for any other reason any such party is required to refund such payment to Sharyland or to such Person or to pay the amount thereof to any other Person, each Subordinated Lender agrees and acknowledges that the provisions set forth herein shall continue to be effective or shall be reinstated, as the case may be, to the extent of any such payment or payments.
Termination and Reinstatement. 1. An employee who terminates employment and is rehired within one (1) year in the same job classification shall receive the previous rate of pay. In all other instances the procedures for regular employment shall apply.
2. A substitute or temporary employee who returns within one (1) year to a previously held regular position, will be restored to the pay rate previously held and receive adjustments under this article.
Termination and Reinstatement. Guarantor’s obligations hereunder shall remain in full force and effect for a period of six (6) years from the date hereof. If at any time any payment with respect to the Guaranteed Obligations is rescinded or must be otherwise restored or returned as a result of any fraudulent conveyance or the insolvency, bankruptcy or reorganization of Seller or otherwise, Guarantor’s obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.
Termination and Reinstatement. Under no circumstances, however, shall an employee, as a result of termination and subsequent reinstatement, be entitled to payment of a greater uniform allowance than if the employee had remained employed without interruption of service.
Termination and Reinstatement. The guarantee made hereunder (a) shall terminate when all the Obligations have been (i) performed in full, including the indefeasible payment in full in cash of the Monetary Obligations and (ii) terminated and (b) shall continue to be effective or be reinstated, as the case may be, if at any time any payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by Seller upon the bankruptcy or reorganization of Buyer or Guarantor or for any other reason.
Termination and Reinstatement. During the portion of the year when the ECC indicates that an upstream reservoir is refilling, a downstream Project owner may, by giving notice to the Reservoir Party, suspend its right to request further release of water from the upstream reservoir until the end of the current Refill-hold Period. During such period, the downstream Project owner may, by giving notice to the Reservoir Party, designate any portion of the water released from the upstream reservoir in excess of minimum releases as Assigned Water releases up to the amount of its Project’s remaining Assigned Water. The resulting return of In Lieu Energy shall be returned so as to conform to the return requirements in paragraph 9(j)(3) above. If the ECC is adjusted under paragraph 9(f)(1), Updating Variable Energy Curves, any right to request releases of water that had been suspended may be reinstated by the downstream Project owner by giving notice to the Reservoir Party when the adjusted ECC deviates from the previously designated ECC; provided after such reinstatement the downstream Project owner shall not again suspend its right until (i) it has made a request for a release of water at the reservoir, and (ii) seven days have elapsed since reinstatement.
Termination and Reinstatement. The obligations of Guarantor under this Guaranty shall automatically terminate 366 days after Landlord has received, and not been required to disgorge any part of, payment of all Monetary Obligations and all other sums due and owing under this Guaranty. If payment is made by Tenant, whether voluntarily or otherwise, or by any third party, on the Guaranteed Obligations and thereafter Landlord is forced to remit, rescind or restore the amount of that payment under any federal or state bankruptcy law or law for the relief of debtors or for any other reason, (a) the amount of such payment shall be considered to have been unpaid at all times for the purposes of enforcement of this Guaranty and (b) the obligations of Tenant guaranteed herein shall be automatically reinstated to the extent of such payment.
Termination and Reinstatement. The obligations of Guarantor with respect to the Guaranty shall automatically terminate after each Landlord has received, and not been required to disgorge any part of, indefeasible payment of all Monetary Obligations and all other sums due and owing with respect to the Guaranty. If payment is made by any Obligor or Guarantor, or by any third party, on the Monetary Obligations and thereafter any Landlord is forced to remit, rescind or restore the amount of that payment under any federal or state bankruptcy law or law for the relief of debtors or for any other reason, (a) the Guaranty shall be automatically reinstated to the extent of such amounts; (b) the amount of such payment shall be considered to have been unpaid at all times for the purposes of enforcement of this Agreement; (c) the obligations of the applicable Obligor guaranteed herein pursuant to the Guaranty shall be automatically reinstated to the extent of such payment, and (d) the other obligations of Guarantor pursuant to this Agreement shall be automatically reinstated with respect to such amounts.
Termination and Reinstatement. This Guaranty shall be effective as of the Effective Date (a) shall terminate when all the Obligations have been (i) performed in full, including the indefeasible payment in full of the Monetary Obligations or (ii) terminated and (b) shall continue to be effective or be reinstated, as the case may be, if at any time any payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Jurisdictions upon the bankruptcy or reorganization of the Company or Guarantor or for any other reason.
Termination and Reinstatement. (a) This Agreement shall terminate on the Debt Termination Date. At the time of such termination or upon any release of Collateral in accordance with the express provisions of this Agreement (it being acknowledged by the Grantor that any such release is permitted only to the extent any such disposition of the Collateral is permitted under the terms and provisions of this Agreement and all other Project Documents), the Collateral Agent, at the request and expense of the Grantor, will execute and deliver to the Grantor a proper instrument or instruments acknowledging the satisfaction and termination of this Agreement or, in the case of a release of a portion of the Collateral, that such Collateral is to be released from the Lien of this Agreement. In the case of the termination of this Agreement as provided above, the Collateral Agent will duly assign, transfer and deliver at the Grantor's expense to the Grantor such of the Collateral as has not yet theretofore been sold or otherwise applied or released pursuant to this Agreement, together with any moneys at the time held by the Collateral Agent pursuant to this Agreement.
(b) This Agreement shall continue to be effective or be reinstated, as the case may be, if at any time any amount received by the Collateral Agent or any Secured Party in respect of the Obligations is rescinded or must otherwise be restored or returned by the Collateral Agent or such Secured Party upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Grantor or upon the appointment of any intervenor or conservator of, or receiver or similar official for, the Grantor or any substantial part of its assets, or otherwise, all as though such payments had not been made.
(c) The security interest created hereunder shall be automatically released with respect to any portion of the Collateral that is sold, transferred or otherwise disposed of in accordance with the terms of the Indenture and the Collateral Agent will, upon the request and at the expense of the Grantor, execute and deliver such documents as the Grantor shall reasonably request to evidence such release.
