Common use of BANKRUPTCY PETITION AGAINST LESSOR Clause in Contracts

BANKRUPTCY PETITION AGAINST LESSOR. Each Lessee and the Guarantor 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 Notes issued by the Lessor, it will not institute against, or join any other Person in instituting against, the Lessor any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States. If a Lessee (or any sublessee thereof) or the Guarantor takes action in violation of this Section 29, the Lessor agrees, for the benefit of the Noteholders of all Series of Notes, that it shall file an answer with the bankruptcy court or otherwise properly contest the filing of such a petition by such Lessee or the Guarantor against the Lessor or the commencement of such action and raise the defense that such Lessee or the Guarantor, as applicable, has agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel advises that it may assert. The provisions of this Section 29 shall survive the termination of this Lease.

BANKRUPTCY PETITION AGAINST LESSOR. Each Lessee and the Guarantor 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 Notes issued by the Lessor, it will not institute against, or join any other Person in instituting against, the Lessor any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States. If In the event that a Lessee (or any sublessee thereof) or the Guarantor takes action in violation of this Section 29, the Lessor agrees, for the benefit of the Noteholders of all Series of NotesNoteholders, that it shall file an answer with the bankruptcy court or otherwise properly contest the filing of such a petition by such Lessee or the Guarantor against the Lessor or the commencement of such action and raise the defense that such Lessee or the Guarantor, as applicable, has agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel advises that it may assert. The provisions of this Section 29 shall survive the termination of this Lease.

BANKRUPTCY PETITION AGAINST LESSOR. Each The Guarantor and each Lessee and the Guarantor hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of all Series outstanding Group I Notes and all other obligations of Notes issued by the LessorLessor under the Related Documents, it will not institute against, or join any other Person in instituting against, the Lessor any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States. If a Lessee (In the event that the Guarantor or any sublessee thereof) or the Guarantor Lessee takes action in violation of this Section 2930, the Lessor agrees, for the benefit of the Noteholders of all Series of NotesGroup I Noteholders, that it shall file an answer with the bankruptcy court or otherwise properly contest the filing of such a petition by the Guarantor or such Lessee or the Guarantor against the Lessor or the commencement of such action and raise the defense that the Guarantor or such Lessee or the Guarantor, as applicable, has agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel advises that it may assert. The provisions of this Section 29 30 shall survive the termination of this Lease.

BANKRUPTCY PETITION AGAINST LESSOR. Each The Guarantor and each Lessee and the Guarantor hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of all Group II Series of Notes issued by the LessorNotes, it will not institute against, or join any other Person in instituting against, the Lessor any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States. If a Lessee (In the event that the Guarantor or any sublessee thereof) or the Guarantor Lessee takes action in violation of this Section 2931, the Lessor agrees, for the benefit of the Noteholders of all Series of NotesNoteholders, that it shall file an answer with the bankruptcy court or otherwise properly contest the filing of such a petition by the Guarantor or any such Lessee or the Guarantor against the Lessor or the commencement of such action and raise the defense that the Guarantor or any such Lessee or the Guarantor, as applicable, has agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel advises that it may assert. The provisions of this Section 29 31 shall survive the termination of this LeaseAgreement.

BANKRUPTCY PETITION AGAINST LESSOR. Each Lessee and the Guarantor 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 Notes issued by the Lessor, it will not institute against, against or join any other Person in instituting against, the Lessor any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States. If In the event that a Lessee (or any sublessee thereof) or the Guarantor takes action in violation of this Section 29, the Lessor agrees, for the benefit of the Noteholders of all Series of NotesNoteholders, that it shall file an answer with the bankruptcy court or otherwise properly contest the filing of such a petition by such Lessee or the Guarantor against the Lessor or the commencement of such action and raise the defense that such Lessee or the Guarantor, as applicable, has agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel advises that it may assert. The provisions of this Section 29 shall survive the termination of this Lease.

BANKRUPTCY PETITION AGAINST LESSOR. Each The Guarantor and each Lessee and the Guarantor hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of all Series 1997 Variable Funding Notes, all Series of Shared Collateral Series Notes issued by and all other obligations of the LessorLessor under the Related Documents, it will not institute against, or join any other Person in instituting against, the Lessor any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States. If a Lessee (In the event that the Guarantor or any sublessee thereof) or the Guarantor Lessee takes action in violation of this Section 2930, the Lessor agrees, for the benefit of the Series 1997 Variable Funding Noteholders of and all Shared Collateral Series of NotesNoteholders, that it shall file an answer with the bankruptcy court or otherwise properly contest the filing of such a petition by the Guarantor or such Lessee or the Guarantor against the Lessor or the commencement of such action and raise the defense that the Guarantor or such Lessee or the Guarantor, as applicable, has agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel advises that it may assert. The provisions of this Section 29 30 shall survive the termination of this Lease.

BANKRUPTCY PETITION AGAINST LESSOR. Each The Guarantor and each Lessee and the Guarantor hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of all Group III Series of Notes issued by the LessorNotes, it will not institute against, or join any other Person in instituting against, the Lessor any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States. If a Lessee (In the event that the Guarantor or any sublessee thereof) or the Guarantor Lessee takes action in violation of this Section 2931, the Lessor agrees, for the benefit of the Noteholders of all Series of NotesNoteholders, that it shall file an answer with the bankruptcy court or otherwise properly contest the filing of such a petition by the Guarantor or any such Lessee or the Guarantor against the Lessor or the commencement of such action and raise the defense that the Guarantor or any such Lessee or the Guarantor, as applicable, has agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel advises that it may assert. The provisions of this Section 29 31 shall survive the termination of this LeaseAgreement.

BANKRUPTCY PETITION AGAINST LESSOR. Each The Guarantor and each Lessee and the Guarantor 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 Notes issued by the Lessor(whether in Group IV or otherwise), it will not institute against, or join any other Person in instituting against, the Lessor any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States. If a Lessee (In the event that the Guarantor or any sublessee thereof) or the Guarantor Lessee takes action in violation of this Section 2931, the Lessor agrees, for the benefit of the Noteholders of all Series of NotesNoteholders, that it shall file an answer with the bankruptcy court or otherwise properly contest the filing of such a petition by the Guarantor or any such Lessee or the Guarantor against the Lessor or the commencement of such action and raise the defense that the Guarantor or any such Lessee or the Guarantor, as applicable, has agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel advises that it may assert. The provisions of this Section 29 31 shall survive the termination of this LeaseAgreement.

BANKRUPTCY PETITION AGAINST LESSOR. Each The Guarantor and each Lessee and the Guarantor 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 Notes issued by the LessorNotes, it will not institute against, or join any other Person in instituting against, the Lessor any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States. If a Lessee (In the event that the Guarantor or any sublessee thereof) or the Guarantor Lessee takes action in violation of this Section 2933, the Lessor agrees, for the benefit of the Noteholders of all Series of NotesNoteholders, that it shall file an answer with the bankruptcy court or otherwise properly contest the filing of such a petition by the Guarantor or any such Lessee or the Guarantor against the Lessor or the commencement of such action and raise the defense that the Guarantor or any such Lessee or the Guarantor, as applicable, has agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel advises that it may assert. The provisions of this Section 29 33 shall survive the termination of this LeaseAgreement.

BANKRUPTCY PETITION AGAINST LESSOR. Each Lessee and the Guarantor 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 Notes issued by the Lessor, it will not institute against, or join any other Person in instituting against, the Lessor any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States. If In the event that a Lessee (or any sublessee thereof) or the Guarantor takes action in violation of this Section 29, the Lessor agrees, for the benefit of the Noteholders of all Series of NotesNoteholders, that it shall file an answer with the bankruptcy court or otherwise properly contest the filing of such a petition by such Lessee or the Guarantor against the Lessor or the commencement of such action and raise the defense that such Lessee or the Guarantor, as applicable, has agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel advises that it may assert. The provisions of this Section 29 shall survive the termination of this LeaseAgreement.

BANKRUPTCY PETITION AGAINST LESSOR. Each The Guarantor and each Lessee and the Guarantor hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of all the Series of Notes issued by the Lessor1996-1 Notes, it will not institute against, or join any other Person in instituting against, the Lessor any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States. If a Lessee (In the event that the Guarantor or any sublessee thereof) or the Guarantor Lessee takes action in violation of this Section 2933, the Lessor agrees, for the benefit of the Noteholders of all Series of NotesNoteholders, that it shall file an answer with the bankruptcy court or otherwise properly contest the filing of such a petition by the Guarantor or any such Lessee or the Guarantor against the Lessor or the commencement of such action and raise the defense that the Guarantor or any such Lessee or the Guarantor, as applicable, has agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel advises that it may assert. The provisions of this Section 29 33 shall survive the termination of this LeaseAgreement.