Rescission of Payments. If at any time any payment made by Maker under this Note is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of Maker or otherwise, Maker’s obligation to make such payment shall be reinstated as though such payment had not been made.
Appears in 3 contracts
Sources: Promissory Note (Tingo, Inc.), Senior Secured Promissory Note (MICT, Inc.), Promissory Note (MICT, Inc.)
Rescission of Payments. If at any time any payment made by the Maker under this Note is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of the Maker or otherwise, the Maker’s obligation to make such payment shall be reinstated as though such payment had not been made.
Appears in 2 contracts
Sources: Unsecured Promissory Note (Oragenics Inc), Unsecured Promissory Note
Rescission of Payments. If at any time any payment made by Maker under this Note the Notes is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of Maker or otherwise, Maker’s obligation to make such payment shall be reinstated as though such payment had not been made.
Appears in 2 contracts
Sources: Subordination Agreement (Ampco Pittsburgh Corp), Subordination Note (Ampco Pittsburgh Corp)