Common use of No Insolvency Proceedings Clause in Contracts

No Insolvency Proceedings. Notwithstanding any prior termination of this Agreement, no Party hereto shall, prior to the date which is one year and one day after the final payment of the Notes, petition or otherwise invoke the process of any Governmental Authority for the purpose of commencing or sustaining a Proceeding against the Issuing Entity or the Grantor Trust under any United States federal or State Insolvency Laws or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuing Entity or the Grantor Trust or any substantial part of its property or ordering the winding up or liquidation of the affairs of the Issuing Entity or the Grantor Trust.

No Insolvency Proceedings. Notwithstanding any prior termination of this Agreement, no Party hereto shall, prior to the date which is one year and one day after the final payment of the Notes, petition or otherwise invoke the process of any Governmental Authority for the purpose of commencing or sustaining a Proceeding against the Issuing Entity [or the Grantor Trust Trust] under any United States federal or State Insolvency Laws or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuing Entity [or the Grantor Trust Trust] or any substantial part of its property or ordering the winding up or liquidation of the affairs of the Issuing Entity [or the Grantor Trust].