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

No Bankruptcy Petition Against the Company. Each of the ------------------------------------------ Transferor, the Collection Agent and CompuCom hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of all outstanding Commercial Paper or other indebtedness of the Company, it will not institute against, or join any other Person in instituting against, the Company 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 2 contracts

Samples: Transfer and Administration Agreement (Compucom Systems Inc), Transfer and Administration Agreement (Safeguard Scientifics Inc Et Al)

AutoNDA by SimpleDocs

No Bankruptcy Petition Against the Company. Each of the ------------------------------------------ TransferorPledgors, the Collection Agent Master Servicer and CompuCom 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 outstanding Commercial Paper or other indebtedness of the Company, it will not institute against, or join any other Person in instituting against, the Company 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 2 contracts

Samples: Transfer and Administration Agreement (Unicapital Corp), Transfer and Administration Agreement (Unicapital Corp)

No Bankruptcy Petition Against the Company. Each of the ------------------------------------------ Transferor, Transferor and the Collection Agent and CompuCom hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of all outstanding Commercial Paper or other indebtedness of the Company, it will not institute against, or join any other Person in instituting against, the Company 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 2 contracts

Samples: Transfer and Administration Agreement (Lci International Inc /Va/), Transfer and Administration Agreement (Metris Companies Inc)

No Bankruptcy Petition Against the Company. Each of the ------------------------------------------ TransferorDebtor, the Collection Agent Agent, each Designated Seller and CompuCom each Bank Investor hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of all outstanding 109 115 Commercial Paper or other indebtedness of the Company, it will not institute against, or join any other Person in instituting against, the Company 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: Note Purchase and Security Agreement (Belk Inc)

No Bankruptcy Petition Against the Company. Each of the ------------------------------------------ Transferor, the Collection Agent Servicer and CompuCom the Parent hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of all outstanding Commercial Paper or other indebtedness of the Company, it will not institute against, or join any other Person in instituting against, the Company 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: Transfer and Administration Agreement (Unova Inc)

AutoNDA by SimpleDocs

No Bankruptcy Petition Against the Company. Each of the ------------------------------------------ Transferor, the Collection Agent and CompuCom 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 outstanding Commercial Paper or other indebtedness of the Company, it will not institute against, or join any other Person in instituting against, the Company any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state State of the United States.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Shaw Industries Inc)

No Bankruptcy Petition Against the Company. Each of the ------------------------------------------ TransferorBorrower, the Collection Agent Master Servicer and CompuCom 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 outstanding Commercial Paper or other indebtedness of the Company, it will not institute against, or join any other Person in instituting against, the Company 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: Loan and Security Agreement (Unicapital Corp)

No Bankruptcy Petition Against the Company. Each of the The Issuer, ------------------------------------------ Transferor, the Collection Agent AmeriCredit and CompuCom each other Owner hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of all outstanding Commercial Paper or other indebtedness of the CompanyCompany or any Conduit Assignee, it will not institute against, or join any other Person in instituting against, the Company or any Conduit Assignee, 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: Note Purchase Agreement (Americredit Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!