4. PROTECTIVE PROVISIONS
(a) If all or any of the obligations of ХХХ under this Deed are discharged in whole or in part on the basis of any payment, security or other disposition and that payment, security or other disposition is avoided or must be restored on the insolvency, liquidation or dissolution of ХХХ or any other event relating to ХХХ which is similar to insolvency, liquidation or dissolution, then to the extent that the Option Counterparty becomes obliged to and does repay to any person or any liquidator of such person an amount equal to the amount of that payment, or where it has received no such payment then to the extent of the amount in respect of the satisfaction of which it had accepted such security or other disposition, the discharged liabiliy of ХХХ under this Deed will revive.

1) в первом случае - обязательства аннулированы или исполнены?

2) во втором случае - ответственность (но, поскольку liabiliy здесь перекликаается с первым предложением - обязательства?) будет восстановлена (будут восстановлены)

Спасибо.