Common use of NON-PETITION COVENANTS Clause in Contracts

NON-PETITION COVENANTS. Notwithstanding any prior termination of this Agreement, the Servicer shall not, prior to the date which is one year and one day after the termination of this Agreement with respect to the Issuer or the Company, acquiesce, petition or otherwise invoke or cause the Issuer or the Company to invoke the process of any court or government authority for the purpose of commencing or sustaining a case against the Issuer or the Company under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer.

Appears in 8 contracts

Samples: Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Servicing Agreement (Gs Mortgage Securities Corp), Servicing Agreement (Usa Group Secondary Market Services Inc)

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NON-PETITION COVENANTS. Notwithstanding any prior termination of this Agreement, the Servicer shall not, prior to the date which is one year and one day after the termination of this Agreement with respect to the Issuer or the CompanyDepositor, acquiesce, petition or otherwise invoke or cause the Issuer or the Company Depositor to invoke the process of any court or government authority for the purpose of commencing or sustaining a case against the Issuer or the Company Depositor under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer.

Appears in 2 contracts

Samples: Servicing Agreement (Wells Fargo Student Loans Receivables I LLC), Servicing Agreement (Wells Fargo Student Loans Receivables I LLC)

NON-PETITION COVENANTS. Notwithstanding any prior termination of this Agreement, the Servicer shall not, prior to the date which is one year and one day after the termination of this Agreement with respect to the Issuer or the CompanyIssuer, acquiesce, petition or otherwise invoke or cause the Issuer or the Company to invoke the process of any court or government authority for the purpose of commencing or sustaining a case against the Issuer or the Company under any federal Federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer.

Appears in 2 contracts

Samples: Servicing Agreement (Efg Funding Corp), Servicing Agreement (Usa Group Secondary Market Services Inc)

NON-PETITION COVENANTS. Notwithstanding any prior termination of this Agreement, the Master Servicer shall not, prior to the date which is one year and one day after the termination of this Agreement with respect to the Issuer or the Company, acquiesce, petition or otherwise invoke or cause the Issuer or the Company to invoke the process of any court or government authority for the purpose of commencing or sustaining a case against the Issuer or the Company under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or the Company or any substantial part of its their property, or ordering the winding up or liquidation of the affairs of the IssuerIssuer or the Company.

Appears in 1 contract

Samples: Master Servicing Agreement (Nellie Mae Education Loan Corp)

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NON-PETITION COVENANTS. Notwithstanding any prior termination of this Agreement, the Master Servicer shall not, prior to the date which is one year and one day after the termination of this Agreement with respect to the Issuer or the Company, acquiesce, petition or otherwise invoke or cause the Issuer or the Company to invoke the process of any court or government authority for the purpose of commencing or sustaining a case against the Issuer or the Company under any federal Federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer.

Appears in 1 contract

Samples: Master Servicing Agreement (Signet Student Loan Trusts)

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