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

No Bankruptcy Petition Against the Buyer. 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 Invested Amounts, it will not institute against or join any other Person in instituting against the Buyer 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 6 contracts

Samples: Purchase Agreement (Fingerhut Receivables Inc), Purchase Agreement (Fingerhut Receivables Inc), Purchase Agreement (Metris Companies Inc)

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No Bankruptcy Petition Against the Buyer. 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 Invested Amounts, the Obligations due under the Credit Agreement it will not institute against or join any other Person in instituting against the Buyer any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings proceedings, or other similar proceeding under the laws of the United States or any state of the United States.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Credit Store Inc), Receivables Purchase Agreement (Credit Store Inc)

No Bankruptcy Petition Against the Buyer. The Seller Seller, by its acceptance of this Note, hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of the Issuer Amount, all Invested AmountsAmounts and the Revolving Note, it will not institute against or join any other Person in instituting against the Buyer 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 1 contract

Samples: Asset Purchase and Sale Agreement (Ingram Micro Inc)

No Bankruptcy Petition Against the Buyer. 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 Invested AmountsAggregate Unpaids, it will not institute against or join any other Person in instituting against the Buyer any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the die laws of the United States or any state of the United States.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Metris Companies Inc)

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No Bankruptcy Petition Against the Buyer. 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 Invested Amounts, Loans and other obligations due under the Loan Agreement and the termination of the Loan Agreement it will not institute against or join any other Person in instituting against the Buyer any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings proceedings, or other similar proceeding under the laws of the United States or any state of the United States.

Appears in 1 contract

Samples: Account Purchase Agreement (Credit Store Inc)

No Bankruptcy Petition Against the Buyer. The Seller hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of the Issuer Amount and all Invested Amounts, it will not institute against or join any other Person in instituting against the Buyer 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 1 contract

Samples: Asset Purchase and Sale Agreement (Ingram Micro Inc)

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