Common use of No Petition in Bankruptcy Clause in Contracts

No Petition in Bankruptcy. Each Seller covenants and agrees that prior to the date which is one year and one day after the date of termination of this Agreement pursuant to Section 9.14, it will not institute against or join any other Person in instituting against the Company any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any State of the United States.

Appears in 2 contracts

Samples: Receivables Sale and Contribution Agreement (Core Mark International Inc), Receivables Sale Agreement (Wesco Distribution Inc)

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No Petition in Bankruptcy. Each Seller covenants and agrees that prior to the date which is one year and one day after the date of termination of this Agreement pursuant to Section 9.149.15, it will not institute against or join any other Person in instituting against the Company any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any State of the United States.

Appears in 1 contract

Samples: Receivables Sale Agreement (Rykoff Sexton Inc)

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No Petition in Bankruptcy. Each Seller covenants and agrees that prior to the date which is one year and one day after the date of termination of this Agreement pursuant to Section 9.149.15, it will not institute against or join any other Person in instituting against the Company any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or States, any State of the United StatesStates or the Cayman Islands.

Appears in 1 contract

Samples: Receivables Sale Agreement (United Stationers Supply Co)

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