Common use of Continuation and Reinstatement, etc Clause in Contracts

Continuation and Reinstatement, etc. Each Guarantor further agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Lenders, any Lender or any other Secured Party upon the bankruptcy or reorganization of the Borrower or a Guarantor, or otherwise.

Appears in 37 contracts

Sources: Credit and Guaranty Agreement (Spirit Airlines, Inc.), Credit and Guaranty Agreement (American Airlines, Inc.), Credit and Guaranty Agreement (American Airlines, Inc.)

Continuation and Reinstatement, etc. Each Guarantor further agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Lenders, any Lender or any other Secured Party upon the bankruptcy or reorganization of the Borrower or a Guarantor, or otherwise.

Appears in 9 contracts

Sources: Term Loan Credit and Guaranty Agreement (United Airlines, Inc.), Credit and Guaranty Agreement (Alaska Air Group, Inc.), Term Loan Credit and Guaranty Agreement (United Airlines, Inc.)

Continuation and Reinstatement, etc. Each Guarantor further agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Lenders, any Lender or any other Secured Party upon the bankruptcy or reorganization of the a Borrower or a Guarantor, or otherwise.

Appears in 6 contracts

Sources: Term Loan Credit and Guaranty Agreement (American Airlines, Inc.), Term Loan Credit and Guaranty Agreement (American Airlines, Inc.), Term Loan Credit and Guaranty Agreement (Delta Air Lines, Inc.)

Continuation and Reinstatement, etc. Each Guarantor further agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Lenders, Collateral Agent any Lender or any other Secured Party upon the bankruptcy or reorganization of the Borrower or a Guarantor, or otherwise.

Appears in 3 contracts

Sources: Credit Agreement (Wheels Up Experience Inc.), Credit Agreement (Wheels Up Experience Inc.), Credit Agreement (Wheels Up Experience Inc.)

Continuation and Reinstatement, etc. Each Guarantor further agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any First Priority Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing LendersLender, any Lender or any other First Priority Secured Party upon the bankruptcy or reorganization of the Borrower or a Guarantor, or otherwise.

Appears in 2 contracts

Sources: First Lien Revolving Credit and Guaranty Agreement (Delta Air Lines Inc /De/), First Lien Revolving Credit and Guaranty Agreement (Delta Air Lines Inc /De/)

Continuation and Reinstatement, etc. Each Guarantor further agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Second Priority Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Lenders, any Lender or any other Second Priority Secured Party upon the bankruptcy or reorganization of the Borrower or a Guarantor, or otherwise.

Appears in 2 contracts

Sources: Second Lien Term Loan and Guaranty Agreement (Delta Air Lines Inc /De/), Second Lien Term Loan and Guaranty Agreement (Delta Air Lines Inc /De/)

Continuation and Reinstatement, etc. Each Guarantor further agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Lenders, any Lender or any other Secured Party upon the bankruptcy or reorganization of the a Co-Borrower or a Guarantor, or otherwise.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (Continental Airlines, Inc.), Credit and Guaranty Agreement (United Air Lines Inc)

Continuation and Reinstatement, etc. Each Guarantor further agrees that its this guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of payment on any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Lenders, any Lender or any other Secured Party Banks upon the bankruptcy or reorganization of the Borrower or a Guarantor, or otherwise.

Appears in 2 contracts

Sources: 364 Day Competitive Advance, Revolving Credit and Guaranty Agreement (Dentsply International Inc /De/), Credit Agreement (Dentsply International Inc /De/)

Continuation and Reinstatement, etc. Each Guarantor further agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Lenders, Collateral Trustee any Lender or any other Secured Party upon the bankruptcy or reorganization of the a Borrower or a Guarantor, or otherwise.

Appears in 2 contracts

Sources: Debt Agreement (Latam Airlines Group S.A.), Debt Agreement (Latam Airlines Group S.A.)

Continuation and Reinstatement, etc. Each Guarantor further agrees that its guaranty Guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative AgentAgents, the Issuing LendersLender, any Lender or any other Secured Party upon the bankruptcy or reorganization of the Borrower or a Guarantor, or otherwise.

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Guaranty Agreement (Ual Corp /De/)

Continuation and Reinstatement, etc. Each The Individual Guarantor further agrees that its his guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of principal of or interest on any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Lenders, any Lender or any other Secured Party upon the bankruptcy or other reorganization of the Borrower or a Guarantor, any other guarantor of the Guaranteed Obligations or otherwise.. 216

Appears in 1 contract

Sources: Credit, Security, Guaranty and Pledge Agreement (Dove Entertainment Inc)

Continuation and Reinstatement, etc. Each Guarantor further agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Lenders, any Lender or any other Secured Party upon the bankruptcy or reorganization of the Borrower or a Guarantor, or otherwise.. UAL Term Loan Credit Agreement 2020

Appears in 1 contract

Sources: Term Loan Credit and Guaranty Agreement (United Airlines, Inc.)

Continuation and Reinstatement, etc. Each Guarantor further agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative AgentAgents, the Issuing LendersLender, any Lender or any other Secured Party upon the bankruptcy or reorganization of the Borrower or a Guarantor, or otherwise, its Guaranty hereunder shall continue to be effective or be reinstated (as applicable) to the extent of such rescission or restoration.

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Guaranty Agreement (Ual Corp /De/)

Continuation and Reinstatement, etc. Each Guarantor further agrees that its or his, as the case may be, guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of principal of or interest on any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Lenders, any Lender or any other Secured Party Agent upon the bankruptcy or other reorganization of the Borrower or a Guarantor, any other guarantor of the Guaranteed Obligations or otherwise.

Appears in 1 contract

Sources: Credit, Security and Guaranty Agreement (Actava Group Inc)

Continuation and Reinstatement, etc. Each Guarantor further agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Second Priority Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Lenders, any Lender or any other Second Priority Secured Party upon the bankruptcy or reorganization of the Borrower or a Guarantor, or otherwise. SECTION 9.04.

Appears in 1 contract

Sources: Second Lien Term Loan and Guaranty Agreement

Continuation and Reinstatement, etc. Each Guarantor further agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Lenders, Agent and any Lender or any other Secured Party upon the bankruptcy or reorganization of the Borrower or a Guarantor, or otherwise.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (American Airlines, Inc.)

Continuation and Reinstatement, etc. Each The Guarantor further agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Lenders, any Lender or any other Secured Party upon the bankruptcy or reorganization of the Borrower or a GuarantorBorrower, or otherwise.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Sun Country Airlines Holdings, Inc.)