Common use of No Bankruptcies Clause in Contracts

No Bankruptcies. No Obligor on any Receivable was the subject of a bankruptcy proceeding commenced following the execution of the related Contract except an Obligor that has received a discharge or dismissal under the United States Bankruptcy Code.

Appears in 12 contracts

Samples: Sale and Servicing Agreement (Franklin Auto Trust 2008-A), Sale and Servicing Agreement (Franklin Auto Trust 2004-1), Sale and Servicing Agreement (Franklin Auto Trust 2003-2)

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No Bankruptcies. No Obligor on any Receivable was the subject of a bankruptcy proceeding commenced following the execution of the related Contract except an Obligor that has received a discharge or dismissal under the United States Bankruptcy CodeContract.

Appears in 10 contracts

Samples: Sale and Servicing (TMS Auto Holdings Inc), Sale and Servicing Agreement (Ml Asset Backed Corp), Sale and Servicing (TMS Auto Holdings Inc)

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