Common use of Reinstatement; Certain Payments Clause in Contracts

Reinstatement; Certain Payments. If any claim is ever made upon the Agent or any Holder for repayment or recovery of any amount or amounts received by the Agent or such Holder in payment or on account of any of the Obligations, the Agent or such Holder shall give prompt notice of such claim to each other Holder and the Issuer, and if the Agent or such Holder repays all or part of such amount by reason of (i) any judgment, decree or order of any court or administrative body having jurisdiction over the Agent or such Holder or any of its property, or (ii) any good faith settlement or compromise of any such claim effected by the Agent or such Holder with any such claimant, then and in such event each Obligor agrees that (A) any such judgment, decree, order, settlement or compromise shall be binding upon it notwithstanding the cancellation of any Indebtedness hereunder or under the other Sellers’ Secured Note Documents or the termination of this Agreement or the other Sellers’ Secured Note Documents, and (B) it shall be and remain liable to the Agent or such Holder hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by the Agent or such Holder.

Reinstatement; Certain Payments. If any claim is ever made upon the Agent Lenders or any Holder the Agents for repayment or recovery of any amount or amounts received by the Agent Lenders or such Holder the Agents in payment or received on account of any of the Obligations, the Agent Lenders or such Holder the Agents shall give prompt notice of such claim to each other Holder and the IssuerObligors, and if the Agent Lenders or such Holder repays the Agents repay all or part of such amount by reason of (i) any judgment, decree or order of any court of competent jurisdiction or administrative body having jurisdiction over the Agent Lenders or such Holder the Agents or any of its their respective property, or (ii) any good faith settlement or compromise of any such claim effected by the Agent Lenders or such Holder the Agents with any such claimant, then and in such event each Obligor agrees that (A) any such judgment, decree, order, settlement or compromise shall be binding upon it notwithstanding the cancellation of any Indebtedness hereunder instrument evidencing the Obligations or under the other Sellers’ Secured Note Loan Documents or the termination of this Agreement or the other Sellers’ Secured Note Documents, Loan Documents and (B) it shall be and remain liable to the Agent Lenders or such Holder the Agents hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by the Agent Lenders or such Holderthe Agents.

Reinstatement; Certain Payments. If any claim is ever made upon the Agent or any Holder Lender for repayment or recovery of any amount or amounts received by the Agent or such Holder Lender in payment or on account of any of the Obligations, the Agent or such Holder Lender shall give prompt notice of such claim to each other Holder Lender and the Issuerto each Borrower, and if the Agent or such Holder Lender repays all or part of such amount by reason of (i) any judgment, decree or order of any court or administrative body having jurisdiction over the Agent or such Holder Lender or any of its property, or (ii) any good faith settlement or compromise of any such claim effected by the Agent or such Holder Lender with any such claimant, then and in such event each Obligor Loan Party agrees that (A) any such judgment, decree, order, settlement or compromise shall be binding upon it notwithstanding the cancellation of any Indebtedness hereunder or under the other Sellers’ Secured Note Loan Documents or the termination of this Agreement or the other Sellers’ Secured Note Loan Documents, and (B) it shall be and remain liable to the Agent or such Holder Lender hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by the Agent or such HolderLender.

Reinstatement; Certain Payments. If any claim is ever made upon the Agent or any Holder Lender for repayment or recovery of any amount or amounts received by the Agent or such Holder Lender in payment or on account of any of the Obligations, the Agent or such Holder Lender shall give prompt notice of such claim to each other Holder Lender and the IssuerParent, and if the Agent or such Holder Lender repays all or part of such amount by reason of (i) any judgment, decree or order of any court or administrative body having jurisdiction over the Agent or such Holder Lender or any of its property, or (ii) any good faith settlement or compromise of any such claim effected by the Agent or such Holder Lender with any such claimant, then and in such event each Obligor Loan Party agrees that (A) any such judgment, decree, order, settlement or compromise shall be binding upon it notwithstanding the cancellation of any Indebtedness hereunder or under the other Sellers’ Secured Note Loan Documents or the termination of this Agreement or the other Sellers’ Secured Note Loan Documents, and (B) it shall be and remain liable to the Agent or such Holder Lender hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by the Agent or such HolderLender.

Reinstatement; Certain Payments. If any claim is ever made upon the Agent Lenders or any Holder the Agents for repayment or recovery of any amount or amounts received by the Agent Lenders or such Holder the Agents in payment or received on account of any of the Obligations, the Agent Lenders or such Holder the Agents shall give prompt notice of such claim to each other Holder and the IssuerBorrower, and if the Agent Lenders or such Holder repays the Agents repay all or part of such amount by reason of (i) any judgment, decree or order of any court of competent jurisdiction or administrative body having jurisdiction over the Agent Lenders or such Holder the Agents or any of its their respective property, or (ii) any good faith settlement or compromise of any such claim effected by the Agent Lenders or such Holder the Agents with any such claimant, then and in such event each Obligor the Borrower agrees that (A) any such judgment, decree, order, settlement or compromise shall be binding upon it notwithstanding the cancellation of any Indebtedness hereunder instrument evidencing the Obligations or under the other Sellers’ Secured Note Loan Documents or the termination of this Agreement or the other Sellers’ Secured Note Documents, Loan Documents and (B) it shall be and remain liable to the Agent Lenders or such Holder the Agents hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by the Agent Lenders or such Holderthe Agents.