Non-Petition Covenant. Each of the parties hereto hereby agrees that it shall not institute against either Funding or the Mortgages Trustee any winding-up, administration, insolvency or similar proceedings so long as any sum is outstanding under any Intercompany Loan Agreement of any Issuer or for two years plus one day since the last day on which any such sum was outstanding.
Appears in 15 contracts
Samples: Mortgages Trust Deed (Granite Mortgages 03-1 PLC), Mortgages Trust Deed (Granite Mortgages 04-2 PLC), Mortgage Sale Agreement (Granite Mortgages 04-1 PLC)
Non-Petition Covenant. Each of the parties hereto (except for, in the case of Funding, the Security Trustee and, in the case of Funding 2, the Funding 2 Security Trustee) hereby agrees that it shall not institute against either any Funding Beneficiary or the Mortgages Trustee any winding-up, administration, insolvency or similar proceedings so long as any sum is outstanding under any Intercompany Loan Agreement of any Issuer or for two years plus one day since the last day on which any such sum was outstanding.
Appears in 3 contracts
Samples: Administration Agreement (Granite Finance Funding 2 LTD), Administration Agreement (Granite Finance Trustees LTD), Administration Agreement (Granite Finance Trustees LTD)
Non-Petition Covenant. Each of the parties hereto hereby agrees that it shall not institute against either Funding, Funding 2 or the Mortgages Trustee any winding-up, administration, insolvency or similar proceedings so long as any sum is outstanding under any Intercompany Loan Agreement of any Issuer or for two years plus one day since the last day on which any such sum was outstanding.
Appears in 2 contracts
Samples: Mortgages Trust Deed (Granite Finance Trustees LTD), Mortgages Trust Deed (Granite Finance Trustees LTD)
