Limited recourse and non-petition in favour of Irish Ring Sample Clauses

Limited recourse and non-petition in favour of Irish Ring. (a) Notwithstanding anything to the contrary herein or in any Transaction Document to which Irish Ring Receivables Purchaser Designated Activity Company ("Irish Ring") is expressed to be a party, each party to this Agreement hereby agrees with and acknowledges to Irish Ring, that neither it nor any person on its behalf shall initiate or join any person in initiating an event of bankruptcy or the appointment of any insolvency official in relation to Irish Ring until the date following two year and one day after all notes and commercial paper issued by Irish Ring (or the person(s) issuing notes and commercial paper as part of a conduit arrangement with Irish Ring) have been redeemed in full and all of Irish Ring’s obligations and liabilities (whether actual or contingent) arising or incurred under or in connection with such asset-backed commercial paper programme or any other notes programme established by it have been discharged in full.
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Related to Limited recourse and non-petition in favour of Irish Ring

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