Common use of No Bankruptcies Clause in Contracts

No Bankruptcies. No Obligor on any Receivable was noted in the related Receivable File as having filed for bankruptcy in a proceeding which remained undischarged as of the Cutoff Date.

Appears in 20 contracts

Sources: Sale and Servicing Agreement (M&i Dealer Auto Securitization LLC), Sale and Servicing Agreement (Ace Securities Corp), Sale and Servicing Agreement (Ace Securities Corp)

No Bankruptcies. No Obligor on any Receivable was noted in the related Receivable File as having filed for bankruptcy in a proceeding which remained undischarged as of the Initial Cutoff Date.

Appears in 2 contracts

Sources: Sale and Servicing Agreement (M&i Dealer Auto Securitization LLC), Sale and Servicing Agreement (M&i Auto Loan Trust 2002-1)

No Bankruptcies. No Obligor on any Subsequent Receivable was noted in the related Subsequent Receivable File as having filed for bankruptcy in a proceeding which remained undischarged as of the Subsequent Cutoff Date.

Appears in 2 contracts

Sources: Sale and Servicing Agreement (M&i Dealer Auto Securitization LLC), Sale and Servicing Agreement (M&i Auto Loan Trust 2002-1)