Common use of No Petition Covenant Clause in Contracts

No Petition Covenant. Notwithstanding any prior termination of the Series Trust Agreement, the Trustee, each Certificateholder and each Certificate Owner shall not, prior to the date which is one year and one day after the termination of the Series Trust Agreement, acquiesce, petition or otherwise invoke or cause the Trust or the Depositor to invoke the process of any court or governmental authority for the purpose of commencing or sustaining a case against the Trust or the Depositor 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 Trust or the Depositor or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Trust or the Depositor.

No Petition Covenant. Notwithstanding any prior termination of the Series Trust this Agreement, the Trustee, Trustee and each Certificateholder and each Certificate Owner shall not, prior to the date which is one year and one day after the termination of the Series Trust this Agreement, acquiesceacquiesce in, petition or otherwise invoke or cause the Trust or the Depositor to invoke the process of any court or governmental authority for the purpose of commencing or sustaining a case against the Trust or the Depositor under any federal U.S. Federal or state State bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Trust or the Depositor or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Trust or the Depositor.

No Petition Covenant. Notwithstanding any prior termination of the Series Trust this Agreement, the Trustee, Trustee and each Certificateholder and each Certificate Owner shall not, prior to the date which is one year and one day after the termination of the Series Trust this Agreement, acquiesceacquiesce in, petition or otherwise invoke or cause the Trust or the Depositor to invoke the process of any court or governmental authority for the purpose of commencing or sustaining a case against the Trust or the Depositor under any U.S. federal or state State bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Trust or the Depositor or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Trust or the Depositor.

No Petition Covenant. Notwithstanding any prior termination of the Series Trust this Agreement, the Trustee, each Certificateholder and each Certificate Owner parties hereto shall not, prior to the date which that is one year and one day after the termination of this Agreement with respect to the Series Trust Agreementor the Seller, acquiesce, petition or otherwise invoke or cause the Trust or the Depositor Seller to invoke the process of any court or governmental authority Governmental Authority for the purpose of commencing or sustaining a case against the Trust or the Depositor Seller under any federal or state bankruptcy, insolvency or similar law law, or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Trust or the Depositor Seller or any substantial part of its property, property or ordering the winding up or liquidation of the affairs of the Trust or the DepositorSeller.