Bankruptcy Against Any Additional Seller. Each of the Master Servicer, each Servicer, each Seller, the Trustee and the Paying Agent hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of all Series of Investor Certificates, it will not institute against, or join with any other Person in instituting against, any Additional Seller that is subject to the bankruptcy laws of the United States of America, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any federal or state bankruptcy or similar law.
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Discover Card Execution Note Trust), Pooling and Servicing Agreement, Pooling and Servicing Agreement
