Common use of Non-petition Clause Clause in Contracts

Non-petition Clause. By its acceptance of the Series ________________ Note on behalf of the Purchasers, the Agent on behalf of itself and the Purchasers, together with the Agent shall be deemed to have agreed that prior to the date which is one year and one day after the termination of the Master Agreement, such Person shall not acquiesce, petition or otherwise invoke or cause the Series Obligors to invoke the process of any Governmental Authority for the purpose of commencing or sustaining a case against the Series Obligors under any Federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of or for the Series Obligors or any substantial part of its property or ordering the winding-up or liquidation of the affairs of the Series Obligors.

Appears in 1 contract

Samples: Series Supplement (Advanta Business Services Corp)

AutoNDA by SimpleDocs

Non-petition Clause. By its acceptance of the Series ________________ 2002-A Note on behalf of the Purchasers, the Agent on behalf of itself and the Purchasers, together with the Agent Purchasers shall be deemed to have agreed that prior to the date which is one year and one day after the termination of the Master Agreement, such Person shall not acquiesce, petition or otherwise invoke or cause the Series Obligors Obligor or the Obligors' Agent to invoke the process of any Governmental Authority for the purpose of commencing or sustaining a case against the Series Obligors Obligor under any Federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of or for the Series Obligors Obligor or the Obligors' Agent or any substantial part of its property or ordering the winding-up or liquidation of the affairs of the Series Obligor or the Obligors' Agent.

Appears in 1 contract

Samples: Series 2002 a Supplement (Marlin Business Services Inc)

Non-petition Clause. By its acceptance of the Series ________________ 2000-A Note on behalf of the Purchasers, the Agent on behalf of itself and the Purchasers, together with the Agent Purchasers shall be deemed to have agreed that prior to the date which is one year and one day after the termination of the Master Agreement, such Person shall not acquiesce, petition or otherwise invoke or cause the Series Obligors Obligor or the Obligors’ Agent to invoke the process of any Governmental Authority for the purpose of commencing or sustaining a case against the Series Obligors Obligor under any Federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of or for the Series Obligors Obligor or the Obligors’ Agent or any substantial part of its property or ordering the winding-up or liquidation of the affairs of the Series Obligor or the Obligors’ Agent.

Appears in 1 contract

Samples: Second Amended and Restated Series 2000 a Supplement (Marlin Business Services Corp)

AutoNDA by SimpleDocs

Non-petition Clause. By its acceptance of the Series ________________ 2002-A Note on behalf of the Purchasers, the Agent on behalf of itself and the Purchasers, together with the Agent Purchasers shall be deemed to have agreed that prior to the date which is one year and one day after the termination of the Master Agreement, such Person shall not acquiesce, petition or otherwise invoke or cause the Series Obligors Obligor or the Obligors’ Agent to invoke the process of any Governmental Authority for the purpose of commencing or sustaining a case against the Series Obligors Obligor under any Federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of or for the Series Obligors Obligor or the Obligors’ Agent or any substantial part of its property or ordering the winding-up or liquidation of the affairs of the Series Obligor or the Obligors’ Agent.

Appears in 1 contract

Samples: Series 2002 a Supplement (Marlin Business Services Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!