Rescission of Payments. If at any time any payment made by the Company under this Note is rescinded or otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of the Company or otherwise, the Company’s obligation to make such payment shall be reinstated upon such rescission, restoration or return.
Appears in 2 contracts
Sources: Senior Convertible Note (Triller Corp.), Senior Convertible Note (Triller Corp.)
Rescission of Payments. If at any time any payment made by the Company under this Note Agreement is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, bankruptcy or reorganization of the Company or otherwise, the Company’s obligation to make such payment shall be reinstated upon as though such rescission, restoration or returnpayment had not been made.
Appears in 2 contracts
Sources: Multi Draw Credit Agreement (Emerald Bioscience, Inc.), Multi Draw Credit Agreement (Nemus Bioscience, Inc.)
Rescission of Payments. If at any time any payment made by the Company under this Note Agreement is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Company or otherwise, the Company’s obligation to make such payment shall be reinstated upon as though such rescission, restoration or returnpayment had not been made.
Appears in 1 contract
Sources: Secured Promissory Note (Nabors Energy Transition Corp. II)