Agreements Not to Institute Bankruptcy Proceedings; Additional Covenants Sample Clauses

Agreements Not to Institute Bankruptcy Proceedings; Additional Covenants. (a) The Owner Trustee shall not voluntarily institute any proceedings to adjudicate the Trust as bankrupt or insolvent, consent to the institution of bankruptcy or insolvency proceedings against the Trust, file a petition seeking or consenting to reorganization or relief under any applicable federal or state law relating to bankruptcy, consent to the appointment of a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Trust or a substantial part of its property or admit its inability to pay its debts generally as they become due or authorize any of the foregoing to be done or taken on behalf of the Trust.
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Agreements Not to Institute Bankruptcy Proceedings; Additional Covenants. (a) The Issuer shall not, without the unanimous consent of the board of directors of the Depositor (including each of its Independent Directors), voluntarily institute any proceedings to adjudicate the Issuer a bankrupt or insolvent, consent to the institution of bankruptcy or insolvency proceedings against the Issuer, file a petition seeking or consenting to reorganization or relief under any applicable federal or State law relating to bankruptcy, consent to the appointment of a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Issuer or a substantial part of its property or admit its inability to pay its debts generally as they become due or authorize any of the foregoing to be done or taken on behalf of the Issuer.
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Agreements Not to Institute Bankruptcy Proceedings; Additional Covenants. (a) The Borrower shall only voluntarily institute any Proceedings to adjudicate the Borrower as bankrupt or insolvent, consent to the institution of bankruptcy or insolvency Proceedings against the Borrower, file a petition seeking or consenting to reorganization or relief under any applicable federal or State law relating to bankruptcy, consent to the appointment of a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Borrower or a substantial part of its property or admit its inability to pay its debts generally as they become due or authorize any of the foregoing to be done or taken on behalf of the Borrower, in accordance with the terms of the Borrower Operating Agreement.
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Agreements Not to Institute Bankruptcy Proceedings; Additional Covenants. (a) The Owner Trustee shall not voluntarily institute any proceedings to adjudicate the Trust as bankrupt or insolvent, consent to the institution of bankruptcy or insolvency proceedings against the Trust, file a petition seeking or consenting to reorganization or relief
Sample 1
Agreements Not to Institute Bankruptcy Proceedings; Additional Covenants. 29 Section 3.11. Providing of Notice 32 Section 3.12. Representations and Warranties of the Issuer 32 Section 3.13. Representations and Warranties of the Indenture Trustee 36 Section 3.14. Knowledge 37 ARTICLE IV Management, Administration and Servicing of Solar Loans Section 4.01. Management Agreement 37
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Agreements Not to Institute Bankruptcy Proceedings; Additional Covenants. (a) The Issuer shall not voluntarily institute any proceedings to adjudicate the Issuer as bankrupt or insolvent, consent to the institution of bankruptcy or insolvency proceedings against the Issuer, file a petition seeking or consenting to reorganization or relief under any applicable federal or state law relating to bankruptcy, consent to the appointment of a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Issuer or a substantial part of its property or admit its inability to pay its debts generally as they become due or authorize any of the foregoing to be done or taken on behalf of the Issuer.
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Related to Agreements Not to Institute Bankruptcy Proceedings; Additional Covenants

  • Additional Covenants The Company covenants and agrees with the Agent as follows, in addition to any other covenants and agreements made elsewhere in this Agreement:

  • Additional Covenants of Servicer (a) Unless required by Applicable Law or court order, at the direction of a regulatory authority or, as evidenced by an Opinion of Counsel, in accordance with regulatory guidance, the Servicer will not release the Financed Vehicle securing each such Receivable from the security interest granted by such Receivable in whole or in part except (a) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (b) in connection with the repossession and liquidation of such Financed Vehicle or (c) as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehicle.

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