Common use of No Insolvent Obligors Clause in Contracts

No Insolvent Obligors. As of the related Cutoff Date, no Obligor on a Receivable shall be shown on the Receivable Files as the subject of a bankruptcy proceeding.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Ml Asset Backed Corp), Pooling and Servicing Agreement (National City Bank /), Pooling and Servicing Agreement (Deutsche Recreational Asset Funding Corp)

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No Insolvent Obligors. As of the related Cutoff Date, no Obligor on a Receivable shall be shown on the related Receivable Files as the subject of a bankruptcy proceedingproceeding commenced following the execution of the related Contract.

Appears in 1 contract

Samples: Sale and Servicing Agreement (FCC Receivables Corp)

No Insolvent Obligors. As of the related Cutoff Date, no Obligor on a Standard Receivable shall be shown on the Receivable Files as the subject of a bankruptcy proceeding.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (World Omni Auto Receivables LLC)

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No Insolvent Obligors. As of the related Cutoff Date, no Obligor --------------------- on a Receivable shall be shown on the Receivable Files as the subject of a bankruptcy proceeding.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital Ii Inc)

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