Bankruptcy Petitions. (a) The Seller hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of all outstanding Commercial Paper or other indebtedness of any Conduit Investor, it will not, and the Seller will cause each Parent Group Member to not, institute against, or join any other Person in instituting against, any Conduit Investor, 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.
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Samples: Receivables Purchase Agreement (Fresenius Medical Care AG & Co. KGaA), Receivables Purchase Agreement (Fresenius Medical Care AG & Co. KGaA), Receivables Purchase Agreement (Fresenius Medical Care AG & Co. KGaA)
Bankruptcy Petitions. (a) The Seller and Buyer each hereby covenants and agrees that, prior to the date which that is one year and one day after the payment in full of all outstanding Commercial Paper or other senior indebtedness of any Conduit InvestorConduit, it will not, and the Seller will cause each Parent Group Member to not, not institute against, or join any other Person in instituting against, any Conduit Investor, any bankruptcy, reorganization, arrangement arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States.
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