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

No Bankruptcy Petition Against the Company. Party A hereby covenants and agrees that, prior to the date which is one year and one day after all the Notes (or any rated securities) issued by Party B have been paid in full it will not institute against, or join any other Person in instituting against, Party B 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 11 contracts

Samples: 2002 Master Agreement (GE Capital Credit Card Master Note Trust), 2002 Master Agreement (GE Capital Credit Card Master Note Trust), 2002 Master Agreement (GE Capital Credit Card Master Note Trust)

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No Bankruptcy Petition Against the Company. Party A hereby covenants and agrees that, prior to the date which is one year and one day after all the Notes (or any rated securities) issued by Party B have been paid in full it will not institute against, or join any other Person in instituting against, Party B 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. Nothing herein shall prevent Party A from participating in any such proceeding once commenced.

Appears in 5 contracts

Samples: 2002 Master Agreement (RFS Holding LLC), Master Agreement (RFS Holding LLC), Master Agreement (RFS Holding LLC)

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