Common use of No Bankruptcy Petition Against the Borrower Clause in Contracts

No Bankruptcy Petition Against the Borrower. The Lender (in its capacity as Lender, but in no other capacity), by its acceptance of this Note, hereby covenants and agrees that, prior to the Maturity Date, it will not institute against or join any other Person in instituting against the Borrower 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.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Chase Card Funding LLC), Receivables Purchase Agreement, Receivables Purchase Agreement (Chase Issuance Trust)

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