Common use of Action with Respect to Bankruptcy Clause in Contracts

Action with Respect to Bankruptcy. The Owner Trustee may not commence a voluntary proceeding in bankruptcy relating to the Issuer unless the Notes have been paid in full and the holder of the Residual Interest approves of such commencement in advance and delivers to the Owner Trustee a certificate certifying that it reasonably believes that the Issuer is insolvent.

Action with Respect to Bankruptcy. The Owner Trustee may not commence a voluntary proceeding in bankruptcy relating to the Issuer unless the Notes have been paid in full and the holder of the Residual Interest approves of such the commencement in advance and delivers to the Owner Trustee a certificate certifying that it reasonably believes that the Issuer is insolvent.

Action with Respect to Bankruptcy. The Owner Trustee may not commence a voluntary proceeding in bankruptcy relating to the Issuer unless one year and one day has passed since the Notes have been paid in full and the holder holders of the Residual Depositor Interest approves approve of such commencement in advance and delivers deliver to the Owner Trustee a certificate certifying that it they reasonably believes believe that the Issuer is insolvent.

Action with Respect to Bankruptcy. The Owner Trustee may not commence a voluntary proceeding in bankruptcy bank­ruptcy relating to the Issuer unless the Notes have been paid in full and the holder of the Residual Interest approves of such commencement in advance and delivers to the Owner Trustee a certificate certifying that it reasonably believes that the Issuer is insolvent.

Action with Respect to Bankruptcy. The Owner Trustee may not commence a voluntary proceeding in bankruptcy bank-ruptcy relating to the Issuer unless the Notes have been paid in full and the holder of the Residual Interest approves of such commencement in advance and delivers to the Owner Trustee a certificate certifying that it reasonably believes that the Issuer is insolvent.

Action with Respect to Bankruptcy. The Owner Trustee may not commence a voluntary proceeding in bankruptcy bank­ruptcy relating to the Issuer unless the Notes have been paid in full and the holder of the Residual Interest approves of such commencement in advance and delivers to the Owner Trustee a certificate certifying that it reasonably believes that the Issuer is Issueris insolvent.