Common use of Non-petition Clause Clause in Contracts

Non-petition Clause. Notwithstanding anything contained in Section 4.07 hereof, or elsewhere herein, the Trustee hereby, and by its acceptance of the Series 1998-1 Note, each Series 1998-1 Noteholder 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 either Series Obligor to invoke the process of any Governmental Authority for the purpose of commencing or sustaining a case against such Series 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 such Series Obligor or any substantial part of its property or ordering the winding-up or liquidation of the affairs of such Series Obligor.

Non-petition Clause. Notwithstanding anything contained in Section 4.07 hereof, or elsewhere herein, the Trustee hereby, and each Series 1999-1 Noteholder, by its acceptance of the Series 19981999-1 Note, each Series 1998-1 Noteholder 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 either Series Obligor to invoke the process of any Governmental Authority for the purpose of commencing or sustaining a case against such Series 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 such Series Obligor or any substantial part of its property or ordering the winding-up or liquidation of the affairs of such Series Obligor; provided, however, that nothing herein shall prohibit the Trustee from filing a proof of claim or otherwise participating in any proceedings instituted by any other person.

Non-petition Clause. Notwithstanding anything contained in Section 4.07 41 42 hereof, or elsewhere herein, the Trustee hereby, and by its acceptance of the Series 19981999-1 Note, each Series 19981999-1 Noteholder 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 either Series Obligor to invoke the process of any Governmental Authority for the purpose of commencing or sustaining a case against such Series 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 such Series Obligor or any substantial part of its property or ordering the winding-up or liquidation of the affairs of such Series Obligor.

Non-petition Clause. Notwithstanding anything contained in Section 4.07 hereof, or elsewhere herein, the Trustee hereby, and by its acceptance of the Series 19981999-1 Note, each Series 19981999-1 Noteholder 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 either Series Obligor to invoke the process of any Governmental Authority for the purpose of commencing or sustaining a case against such Series 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 such Series Obligor or any substantial part of its property or ordering the winding-up or liquidation of the affairs of such Series Obligor.