Non-Petition Covenant. The Seller hereby agrees that it shall not institute against either Funding 1 or the Mortgages Trustee any winding-up, administration, insolvency or similar proceedings so long as any sum is outstanding under any Intercompany Loan Agreement for the duration of one year plus one day since the last day on which any such sum was outstanding.
Appears in 7 contracts
Samples: Permanent Mortgages Trustee LTD, Permanent Financing (No. 5) PLC, Permanent Mortgages Trustee LTD
Non-Petition Covenant. The Seller hereby agrees that it shall not institute against either Funding 1 or the Mortgages Trustee any winding-up, administration, insolvency or similar proceedings so long as any sum is outstanding under any Intercompany Loan Agreement and for the duration of one year plus one day since the last day on which any such sum was outstanding.
Appears in 5 contracts
Samples: Holmes Financing No 6 PLC, Holmes Financing No 8 PLC, Holmes Funding LTD
