Common use of No Petition in Bankruptcy Clause in Contracts

No Petition in Bankruptcy. Each of the parties to this Agreement severally and not jointly, hereby covenants and agrees that, prior to the date which is one year and one day after the payment or expiration in full of all outstanding Letters of Credit, it will not institute against, or join any other Person in instituting against, the Debtor any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding.

No Petition in Bankruptcy. Each of the parties to this Agreement severally and not jointlyAgreement, other than the Issuer, hereby covenants and agrees that, prior to the date which is one year and one day after the payment or expiration in full of all outstanding Letters of CreditNotes, it will not institute against, or join any other Person in instituting against, the Debtor Issuer any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceedingproceeding under the laws of the United States or any State of the United States.

No Petition in Bankruptcy. Each of the parties to this Agreement severally and not jointlyAgreement, other than the Purchaser, hereby covenants and agrees that, prior to the date which is one year and one day after the payment or expiration in full filll of all outstanding Letters of CreditNotes, it will not institute against, or join any other Person in instituting against, the Debtor Purchaser or the Issuer any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceedingproceeding under the laws of the United States or any State of the United States.

No Petition in Bankruptcy. Each of the parties to this Agreement Agreement, other than the Issuer, severally and not jointly, jointly hereby covenants and agrees that, prior to the date which is one year and one day after the payment or expiration in full of all outstanding Letters of Credit, Notes it will not institute against, or join any other Person in instituting against, the Debtor Issuer any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceedingproceeding under the laws of the United States or any State.

No Petition in Bankruptcy. Each of the parties to this Agreement severally and not jointly, hereby covenants and agrees that, prior to the date which is one year and one day after the payment or expiration in full of all outstanding Letters of Credit, it will not institute against, or join any other Person in instituting against, the Debtor any bankruptcy, reorganizationreorganisation, arrangement, insolvency or liquidation proceedings or other similar proceeding.