Common use of Agreements Not to Institute Bankruptcy Proceedings; Additional Covenants Clause in Contracts

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.