Common use of No Petition Covenant Clause in Contracts

No Petition Covenant. Notwithstanding any prior termination of this Agreement, the Trust (or the Owner Trustee, on behalf of the Trust), and each Certificateholder, by accepting a Certificate (or interest therein), hereby covenant and agree that they shall not, prior to the date which is one year and one day after the termination of this Agreement acquiesce, petition or otherwise invoke or cause the Seller to invoke the process of any court or governmental authority for the purpose of commencing or sustaining a case against the Seller under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Seller or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Seller.

No Petition Covenant. Notwithstanding any prior termination of this Agreement, the Trust (or the Owner Trustee, Trustee on behalf of the Trust), and each CertificateholderCertificateholder or Certificate Owner, by accepting a Certificate (or interest therein), hereby covenant and agree that they shall not, prior to the date which is one year and one day after the termination of this Agreement acquiesce, petition or otherwise invoke or cause the Seller to invoke the process of any court or governmental authority for the purpose of commencing or sustaining a case against the Seller under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Seller or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Seller.

No Petition Covenant. Notwithstanding any prior termination of this Agreement, the Trust (or the Owner Trustee, on behalf of the Trust), and each Certificateholder, by accepting a Certificate (or interest therein), hereby covenant and agree that they shall not, prior to the date which is one year and one day after the termination of this Agreement acquiesce, petition or otherwise invoke or cause the Seller or the Trust to invoke the process of any court or governmental authority for the purpose of commencing or sustaining a case against the Seller or the Trust under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Seller or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the SellerSeller or the Trust.

No Petition Covenant. Notwithstanding any prior termination of this Agreement, the Trust (or the Owner Trustee, Trustee on behalf of the Trust), and each Certificateholder, by accepting a Certificate (or interest therein), hereby covenant and agree that they shall not, prior to the date which is one year and one day after the termination of this Agreement acquiesce, petition or otherwise invoke or cause the Seller to invoke the process of any court or governmental authority for the purpose of commencing or sustaining a case against the Seller under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Seller or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Seller.

No Petition Covenant. Notwithstanding any prior -------------------- termination of this Agreement, the Trust (or the Owner Trustee, on behalf of the Trust), and each Certificateholder, by accepting a Certificate (or interest therein), hereby covenant and agree that they shall not, prior to the date which is one year and one day after the termination of this Agreement acquiesce, petition or otherwise invoke or cause the Seller to invoke the process of any court or governmental authority for the purpose of commencing or sustaining a case against the Seller under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Seller or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Seller.

No Petition Covenant. Notwithstanding any prior termination of this Agreement, the Trust (or the Owner Trustee, Trustee on behalf of the Trust), and each CertificateholderRegistered Owner, by accepting a Certificate (or beneficial interest therein)herein, hereby covenant and agree that they shall not, prior to the date which is one year and one day after the termination of this Agreement acquiesce, petition or otherwise invoke or cause the Seller Transferor to invoke the process of any court or governmental authority for the purpose of commencing or sustaining a case against the Seller Transferor under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Seller Transferor or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the SellerTransferor.

No Petition Covenant. Notwithstanding any prior termination of this Agreement, the Trust (or the Owner Trustee, on behalf of the Trust), and each Certificateholder, by accepting a Certificate (or interest therein), hereby covenant and agree that they shall not, prior to the date which is one year and one day after the termination of this Agreement acquiesce, petition or otherwise invoke or cause the Seller to invoke the process of any court or governmental authority for the purpose of commencing or sustaining a case against the Seller under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Seller or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Seller.

No Petition Covenant. Notwithstanding any prior termination of this Agreement, the Master Owner Trust Trustee (or as such and in its individual capacity) and the Owner Trustee, on behalf of the Trust), and each Certificateholder, by accepting a Certificate (or interest therein), Administrator hereby covenant and agree that they shall not, prior to the date which is one year and one day after the termination of this Agreement Agreement, acquiesce, petition or otherwise invoke or cause the Issuer or the Seller to invoke the process of any court or governmental authority for the purpose of commencing or sustaining a case against the Issuer or the Seller under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or the Seller or any substantial part of its propertyeither of their properties, or ordering the winding up or liquidation of the affairs of the Issuer or the Seller.

No Petition Covenant. Notwithstanding any prior -------------------- termination of this Agreement, the Trust (or the Owner Trustee, on behalf of the Trust), and each CertificateholderCertificate- holder, by accepting a Certificate (or interest therein), hereby covenant and agree that they shall not, prior to the date which is one year and one day after the termination of this Agreement acquiesce, petition or otherwise invoke or cause the Seller to invoke the process of any court or governmental authority for the purpose of commencing or sustaining a case against the Seller under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Seller or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Seller.

No Petition Covenant. Notwithstanding any prior termination of this Agreement, the Trust (or the Owner Trustee, Trustee on behalf of the Trust), each Certificateholder or Certificate Owner, the Indenture Trustee and each Certificateholder, by accepting a Certificate (Noteholder or interest therein), hereby covenant and agree that they Note Owner shall not, prior to the date which is one year and one day after the termination of this Agreement with respect to the Seller, acquiesce, petition or otherwise invoke or cause the Seller to invoke the process of any court or governmental authority for the purpose of commencing or sustaining a case against the Seller under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Seller or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Seller.

No Petition Covenant. Notwithstanding To the extent permitted by applicable law, notwithstanding any prior termination of this Agreement, the Trust (or Grantor and the Owner TrusteeTrustee shall not, on behalf and the Certificateholder agrees by its acceptance of the Trust), and each Certificateholder, by accepting a Certificate (or interest therein), hereby covenant and agree that they shall notnot to, prior to the date which is one year and one day after the termination of this Agreement Agreement, acquiesce, petition or otherwise invoke or cause the Seller Trust to invoke the process of any court or governmental authority for the purpose of commencing or sustaining a case against the Seller Trust under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Seller Trust or any substantial part of its property, or making a general assignment for the benefit or creditors, or ordering the winding up or liquidation of the affairs of the SellerTrust.