Common use of Termination of Undertaking Clause in Contracts

Termination of Undertaking. Provider’s obligations hereunder shall continue in full force and effect until all Guaranteed Obligations are finally paid and satisfied in full and the Purchase Agreement is terminated, provided, that this Undertaking shall continue to be effective or shall be reinstated, as the case may be, if at any time payment or other satisfaction of any of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the bankruptcy, insolvency, or reorganization of Existing Owner or otherwise, as though such payment had not been made or other satisfaction occurred, whether or not Recipient (or its assigns) is in possession of this Undertaking. No invalidity, irregularity or unenforceability by reason of the federal bankruptcy code or any insolvency or other similar law, or any law or order of any government or agency thereof purporting to reduce, amend or otherwise affect the Guaranteed Obligations shall impair, affect, be a defense to or claim against the obligations of Provider under this Undertaking.

Termination of Undertaking. ProviderPerformance Guarantor’s obligations hereunder shall continue in full force and effect until all Guaranteed Obligations are finally paid and satisfied in full and the Purchase Loan and Security Agreement is terminated, provided, provided that this Undertaking shall continue to be effective or shall be reinstated, as the case may be, if at any time payment or other satisfaction of any of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the bankruptcy, insolvency, or reorganization of Existing Owner Originator or the Initial Servicer or otherwise, as though such payment had not been made or other satisfaction occurred, whether or not Recipient (or its assigns) is in possession of this Undertaking. No invalidity, irregularity irregularity, or unenforceability by reason of the federal bankruptcy code or any insolvency or other similar law, or any law or order of any government or agency thereof purporting to reduce, amend amend, or otherwise affect the Guaranteed Obligations shall impair, affect, or be a defense to or claim against the obligations of Provider Performance Guarantor under this Undertaking.

Termination of Undertaking. Provider’s Performance Guarantor's obligations hereunder shall continue in full force and effect until all Guaranteed Obligations are finally paid and satisfied in full and the Purchase Loan Agreement is terminated, provided, provided that this Undertaking shall continue to be effective or shall be reinstated, as the case may be, if at any time payment or other satisfaction of any of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the bankruptcy, insolvency, or reorganization occurrence of Existing Owner any Event of Bankruptcy with respect to BAI or otherwise, as though such payment had not been made or other satisfaction occurred, whether or not Recipient Beneficiary (or its assigns) is in possession of this Undertaking. No invalidity, irregularity or unenforceability by reason of the federal bankruptcy code Bankruptcy Code or any other federal or state insolvency or other similar law, or any law or order of any government or agency Governmental Authority thereof purporting to reduce, amend or otherwise affect the Guaranteed Obligations shall impair, affect, be a defense to or claim against the obligations of Provider Performance Guarantor under this Undertaking.

Termination of Undertaking. Provider’s Performance Guarantor's obligations hereunder shall continue in full force and effect until all Guaranteed Obligations are finally paid and satisfied in full and the Purchase Loan Agreement is terminated, provided, that PROVIDED THAT this Undertaking shall continue to be effective or shall be reinstated, as the case may be, if at any time payment or other satisfaction of any of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the bankruptcy, insolvency, or reorganization occurrence of Existing Owner any Event of Bankruptcy with respect to any Subsidiary Seller or otherwise, as though such payment had not been made or other satisfaction occurred, whether or not Recipient Beneficiary (or its assigns) is in possession of this Undertaking. No invalidity, irregularity or unenforceability by reason of the federal bankruptcy code Bankruptcy Code or any other federal or state insolvency or other similar law, or any law or order of any government or agency Governmental Authority thereof purporting to reduce, amend or otherwise affect the Guaranteed Obligations shall impair, affect, be a defense to or claim against the obligations of Provider Performance Guarantor under this Undertaking.