Common use of No Institution of Insolvency Proceedings Clause in Contracts

No Institution of Insolvency Proceedings. The Issuer covenants that it shall not institute Insolvency Proceedings with respect to the Issuer or any Affiliate thereof or consent to the institution of Insolvency Proceedings against the Issuer or any Affiliate thereof or take any action in furtherance of any such action, or seek dissolution or liquidation in whole or in part of the Issuer or any Affiliate thereof.

Appears in 33 contracts

Samples: Indenture (PennyMac Mortgage Investment Trust), Base Indenture (Mr. Cooper Group Inc.), Base Indenture (loanDepot, Inc.)

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No Institution of Insolvency Proceedings. The Issuer covenants that it ---------------------------------------- shall not institute Insolvency Proceedings with respect to the Issuer or any Affiliate thereof or consent to the institution of Insolvency Proceedings against the Issuer or any Affiliate affiliate thereof or take any action in furtherance of any such action, or seek dissolution or liquidation in whole or in part of the Issuer or any Affiliate thereof.

Appears in 1 contract

Samples: Indenture and Servicing Agreement (Creditrust Corp)

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