Example ContractsClausesapplication of takeover protectionsVariants
Application of Takeover Protections
Application of Takeover Protections contract clause examples

[[Organization B:Organization]] shall have the continuing and exclusive right to apply or reverse and re-apply any payment and any and all proceeds of Collateral to any portion of the Obligations. To the extent that any Loan Party makes a payment or [[Organization B:Organization]] or any [[Organization C:Organization]] receives any payment or proceeds of the Collateral for any Loan Party's benefit, which are subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, debtor in possession, receiver, custodian or any other party under any bankruptcy law, common law or equitable cause, then, to such extent, the Obligations or part thereof intended to be satisfied shall be revived and continue as if such payment or proceeds had not been received by [[Organization B:Organization]] or such [[Organization C:Organization]].

Section # Preferences. shall have the continuing and exclusive right to apply or reverse and reapply any and all payments by to any portion of the obligations of hereunder. To the extent makes a payment or payments to , which payment or proceeds or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law or equitable cause, then, to the extent of such payment or proceeds received, the obligations hereunder or part thereof intended to be satisfied shall be revived and continue in full force and effect, as if such payment or proceeds had not been received by .

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