Common use of No Petition Agreement Clause in Contracts

No Petition Agreement. Prior to the 181st day following the payment in full of the Bonds and the discharge in accordance with its terms of the Collateral Trust Indenture, FNB (in all capacities) agrees that it will not file a petition, or join in the filing of a petition, seeking reorganization, arrangement, adjustment or composition of or in respect of the Loan Participant under the Bankruptcy Code or any other applicable Federal or state law or the law of the District of Columbia.

Appears in 2 contracts

Samples: Participation Agreement (Public Service Co of New Mexico), Participation Agreement (Public Service Co of New Mexico)

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No Petition Agreement. Prior to the 181st day following the payment in full of the Bonds and the discharge in accordance with its terms of the Collateral Trust Indenture, FNB (in all capacities) agrees that it will not file a petition, or join in the filing of a petition, seeking reorganization, arrangement, adjustment or composition of or in respect of the Loan Participant participant under the Bankruptcy Code code or any other applicable Federal or state law or the law of or the District of or Columbia.

Appears in 1 contract

Samples: Participation Agreement (Public Service Co of New Mexico)

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No Petition Agreement. Prior to the 181st day following the payment in full of the Bonds and the discharge in accordance with its terms of the Collateral Trust Indenture, FNB (in all capacities) agrees that it will not file a petition, or join in the filing of a petition, seeking reorganization, arrangement, adjustment or composition of or in respect of the Loan Participant under the Bankruptcy Code or any other applicable Federal or state law or the law of the District of Columbia.

Appears in 1 contract

Samples: Participation Agreement (Public Service Co of New Mexico)

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