Common use of Action by Certificateholder with Respect to Bankruptcy Clause in Contracts

Action by Certificateholder with Respect to Bankruptcy. The Eligible Lender Trustee shall not have the power to commence a voluntary proceeding in bankruptcy relating to the Trust without the prior consent and approval of the holder of the Trust Certificate, the Indenture Trustee and (with respect to any action affecting the Group II Insured Notes and provided that no Securities Insurer Default has occurred and is continuing) the Securities Insurer, and the delivery to the Eligible Lender Trustee by the holder of the Trust Certificate of a certificate certifying that such holder of the Trust Certificate reasonably believes that the Trust is insolvent.

Action by Certificateholder with Respect to Bankruptcy. The Eligible Lender Trustee shall not have the power to commence a voluntary proceeding in bankruptcy relating to the Trust without the prior consent and approval of the holder of the Trust Certificate, the Indenture Trustee and (with respect to any action affecting the Group II Insured Notes and provided that no Securities Insurer Default has occurred and is continuing) the Securities Insurer, and the delivery to the Eligible Lender Trustee by the holder of the Trust Certificate of a certificate certifying that such holder of the Trust Certificate reasonably believes that the Trust is insolvent.

Action by Certificateholder with Respect to Bankruptcy. The Eligible Lender Trustee shall not have the power to commence a voluntary proceeding in bankruptcy relating to the Trust without the prior consent and approval of the holder of the Trust Certificate, the Indenture Trustee and (with respect to any action affecting the Group II Insured Notes and provided that no Securities Insurer Default has occurred and is continuing) the Securities Insurer, and the delivery to the Eligible Lender Trustee by the holder of the Trust Certificate of a certificate certifying that such holder of the Trust Certificate reasonably believes that the Trust is insolvent.