Common use of Nonpetition Covenant; No Recourse Clause in Contracts

Nonpetition Covenant; No Recourse. Each of (i) the Warrant Holder by its acceptance thereof, and (ii) the Warrant Agent agrees, that it shall not (and, in the case of the Warrant Holder, that it shall not direct the Warrant Agent to), until the date which is one year and one day after the payment in full of the Certificates and all other securities issued by the Trust, the Depositor or entities formed, established or settled by the Depositor, acquiesce, petition or otherwise invoke or cause the Trust, the Depositor, or any such other entity to invoke the process of the United States of America, any State or other political subdivision thereof or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government for the purpose of commencing or sustaining a case by or against the Trust, the Depositor or any such other entity under a federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Trust, the Depositor or any such other entity or all or any part of the property or assets of Trust, the Depositor or any such other entity or ordering the winding up or liquidation of the affairs of the Trust, the Depositor or any such other entity.

Appears in 72 contracts

Samples: Series Supplement (Lehman Abs Corp Kraft Foods Note Backed Series 2003-11), Callable Zero Coupon Trust Certificates (Lehman Abs Corp), Series Supplement (Lehman Abs Corp Ge Global Insurance Note Backed Ser 2003-19)

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Nonpetition Covenant; No Recourse. Each of (i) the holder of this Call Warrant Holder by its acceptance thereofhereof, and (ii) the Warrant Agent agrees, that it shall not (and, in the case of the Warrant Holderholder, that it shall not direct the Warrant Agent to), until the date which is one year and one day after the payment in full of the Certificates and all other securities issued by the Trust, the Depositor or entities formed, established or settled by the Depositor, acquiesce, petition or otherwise invoke or cause the Trust, the Depositor, or any such other entity to invoke the process of the United States of America, any State or other political subdivision thereof or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government for the purpose of commencing or sustaining a case by or against the Trust, the Depositor or any such other entity under a federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Trust, the Depositor or any such other entity or all or any part of the property or assets of Trust, the Depositor or any such other entity or ordering the winding up or liquidation of the affairs of the Trust, the Depositor or any such other entity.

Appears in 6 contracts

Samples: Corts® Trust Supplement (Structured Products Corp), Corts® Supplement (Structured Products Corp), Corts® Supplement (Structured Products Corp Corts Trust Ii Goldman Sachs Cap I)

Nonpetition Covenant; No Recourse. Each of (i) the holder of this Call Warrant Holder by its acceptance thereofhereof, and (ii) the Warrant Agent agrees, that it shall not (and, in the case of the Warrant Holderholder, that it shall not direct the Warrant Agent to), until the date which is one year and one day after the payment in full of the Certificates and all other securities issued by the Trust, the Depositor Trustor or entities formed, established or settled by the DepositorTrustor, acquiesce, petition or otherwise invoke or cause the Trust, the DepositorTrustor, or any such other entity to invoke the process of the United States of America, any State or other political subdivision thereof or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government for the purpose of commencing or sustaining a case by or against the Trust, the Depositor Trustor or any such other entity under a federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Trust, the Depositor Trustor or any such other entity or all or any part of the property or assets of Trust, the Depositor Trustor or any such other entity or ordering the winding up or liquidation of the affairs of the Trust, the Depositor Trustor or any such other entity.

Appears in 5 contracts

Samples: Supplement (Structured Products Corp), Corts® Supplement (Structured Products Corp), Supplement (Structured Products Corp)

Nonpetition Covenant; No Recourse. Each of (i) the Warrant Holder Warrantholder, by its acceptance thereofhereof, and (ii) the Warrant Agent agreesAgent, agrees that it shall not (and, in the case of the Warrant Holderholder, that it shall not direct the Warrant Agent to), until the date which is one year and one day after the payment in full of the Certificates and all other securities issued by the Trust, the Depositor Trustor or entities formed, established or settled by the DepositorTrustor, acquiesce, petition or otherwise invoke or cause the Trust, the Depositor, Trustor or any such other entity to invoke the process of the United States of America, any State or other political subdivision thereof or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government for the purpose of commencing or sustaining a case by or against the Trust, the Depositor Trustor or any such other entity under a federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Trust, the Depositor Trustor or any such other entity or all or any part of the property or assets of Trust, the Depositor Trustor or any such other entity or ordering the winding up or liquidation of the affairs of the Trust, the Depositor Trustor or any such other entity.

Appears in 3 contracts

Samples: Stratssm Certificates Series Supplement (Synthetic Fixed Income Securities Inc), Strats(sm) Certificates Series Supplement 2007 1 (STRATS (SM) Trust for Ambac Financial Group, Inc. Securities, Series 2007-1), Strats(sm) Certificates Series Supplement 2007 2 (STRATS(SM) Trust for BNSF Funding Trust I Securities, Series 2007-2)

Nonpetition Covenant; No Recourse. Each of (i) the Warrant Holder Warrantholder, by its acceptance thereofhereof, and (ii) the Warrant Agent agreesAgent, agrees that it shall not (and, in the case of the Warrant Holderholder, that it shall not direct the Warrant Agent to), until the date which is one year and one day after the payment in full of the Certificates and all other securities issued by the Trust, the Depositor or entities formed, established or settled by the Depositor, acquiesce, petition or otherwise invoke or cause the Trust, the Depositor, Depositor or any such other entity to invoke the process of the United States of America, any State or other political subdivision thereof or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government for the purpose of commencing or sustaining a case by or against the Trust, the Depositor or any such other entity under a federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Trust, the Depositor or any such other entity or all or any part of the property or assets of Trust, the Depositor or any such other entity or ordering the winding up or liquidation of the affairs of the Trust, the Depositor or any such other entity.

Appears in 3 contracts

Samples: Trust Agreement (Fixed Income Trust for Goldman Sachs Subordinated Notes, Series 2011-1), Trust Agreement (Fixed Income Client Solutions LLC), Trust Agreement (Fixed Income Trust for Prudential Financial, Inc. Notes, Series 2012-1)

Nonpetition Covenant; No Recourse. Each of (i) the Warrant Holder by its acceptance thereof, and (ii) the Warrant Agent agrees, that it shall not (and, in the case of the Warrant Holder, that it shall not direct the Warrant Agent to), until the date which is one year and one day after the payment in full of the Certificates and all other securities issued by the Trust, the Depositor or entities formed, established or settled by the Depositor, acquiesce, petition or otherwise invoke or cause the Trust, the Depositor, or any such other entity to invoke the process of the United States of America, any State or other political subdivision thereof or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government for the purpose of commencing or sustaining a case by or against the Trust, the Depositor or any such other entity under a federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Trust, the Depositor or any such other entity or all or any part of the property or assets of Trust, the Depositor or any such other entity or ordering the winding up or liquidation of the affairs of the Trust, the Depositor or any such other entity. Each of (i) the Warrant Holder, by its acceptance thereof, and (ii) the Warrant Agent agrees, that it shall not have any recourse to the Certificates.

Appears in 2 contracts

Samples: Corporate Backed Trust Certificates (Lehman Abs Corp), Corporate Backed Trust Certificates (Lehman Abs Corp)

Nonpetition Covenant; No Recourse. Each of (i) the Warrant Holder by its acceptance thereof, and (ii) the Warrant Agent agrees, agrees that it shall not (and, in the case of the Warrant Holder, that it shall not direct the Warrant Agent to), until the date which is one year and one day after the payment in full exercise of or expiration of the Certificates and all other securities issued by the Trust, the Depositor or entities formed, established or settled by the DepositorCall Warrants, acquiesce, petition or otherwise invoke or cause the TrustTrustee, the DepositorWarrant Originator, or any such other entity to invoke the process of the United States of America, any State or other political subdivision thereof or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government for the purpose of commencing or sustaining a case by or against the TrustTrustee, the Depositor Warrant Originator or any such other entity under a federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Trust, the Depositor or any such other entity or all or any part of the property or assets of TrustTrustee, the Depositor Warrant Originator or any such other entity or ordering the winding up or liquidation of the affairs of the TrustTrustee, the Depositor Warrant Originator or any such other entity. Each of (i) the Warrant Holder, by its acceptance thereof, and (ii) the Warrant Agent agrees that it shall not have any recourse to the Trustee or the Warrant Originator.

Appears in 2 contracts

Samples: Trust Agreement (Select Asset Inc), Trust Agreement (Select Asset Inc)

Nonpetition Covenant; No Recourse. Each of (i) the holder of this Call Warrant Holder by its acceptance thereofhereof, and (ii) the Warrant Agent agrees, that it shall not (and, in the case of the Warrant Holderholder, that it shall not direct the Warrant Agent to), until the date which is one year and one day after the payment in full of the Certificates and all other securities issued by the Trust, the Depositor or entities formed, established or settled by the Depositor, acquiesce, petition or otherwise invoke or cause the Trust, the Depositor, or any such other entity to invoke the process of the United States of America, any State or other political subdivision thereof or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government for the purpose of commencing or sustaining a case by or against the Trust, the Depositor or any such other entity under a federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Trust, the Depositor or any such other entity or all or any part of the property or assets of Trust, the Depositor or any such other entity or ordering the winding up or liquidation of the affairs of the Trust, the Depositor or any such other entity. Each of (i) the holder of this Call Warrant, by its acceptance hereof, and (ii) the Warrant Agent agrees, that it shall not have any recourse to the Term Assets.

Appears in 2 contracts

Samples: Corts(r) Supplement (Structured Products Corp), Supplement (Structured Products Corp)

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Nonpetition Covenant; No Recourse. Each of (i) the holder of this Call Warrant Holder by its acceptance thereofhereof, and (ii) the Warrant Agent agrees, that it shall not (and, in the case of the Warrant Holderholder, that it shall not direct the Warrant Agent to), until the date which is one year and one day after the payment in full of the Certificates and all other securities issued by the Trust, the Depositor or entities formed, established or settled by the Depositor, acquiesce, petition or otherwise invoke or cause the Trust, the Depositor, or any such other entity to invoke the process of the United States of America, any State or other political subdivision thereof or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government for the purpose of commencing or sustaining a case by or against the Trust, the Depositor or any such other entity under a federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Trust, the Depositor or any such other entity or all or any part of the property or assets of Trust, the Depositor or any such other entity or ordering the winding up or liquidation of the affairs of the Trust, the Depositor or any such other entity. Each of (i) the holder of this Call Warrant, by its acceptance hereof, and (ii) the Warrant Agent agrees, that it shall not have any recourse to the Certificates.

Appears in 2 contracts

Samples: Series Supplement (Lehman Abs Corp), Series Supplement (Lehman Abs Corp)

Nonpetition Covenant; No Recourse. Each of (i) the Warrant Holder by its acceptance thereof, and (ii) the Warrant Agent agrees, that it shall not (and, in the case of the Warrant Holder, that it shall not direct the Warrant Agent to), until the date which is one year and one day after the payment in full of the Certificates and all other securities issued by the Trust, the Depositor or entities formed, established or settled by the Depositor, acquiesce, petition or otherwise invoke or cause the Trust, the Depositor, or any such other entity to invoke the process of the United States of America, any State or other political subdivision thereof or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government for the purpose of commencing or sustaining a case by or against the Trust, the Depositor or any such other entity under a federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Trust, the Depositor or any such other entity or all or any part of the property or assets of Trust, the Depositor or any such other entity or ordering the winding up or liquidation of the affairs of the Trust, the Depositor or any such other entity.. 10 <PAGE>

Appears in 1 contract

Samples: Series Supplement

Nonpetition Covenant; No Recourse. Each of (i) the holder of this Call Warrant Holder by its acceptance thereofhereof, and (ii) the Warrant Agent agrees, that it shall not (and, in the case of the Warrant Holderholder, that it shall not direct the Warrant Agent to), until the date which is one year and one day after the payment in full of the Certificates and all other securities issued by the Trust, the Depositor or entities formed, established or settled by the Depositor, acquiesce, petition or otherwise invoke or cause the Trust, the Depositor, or any such other entity to invoke the process of the United States of America, any State or other political subdivision thereof or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government for the purpose of commencing or sustaining a case by or against the Trust, the Depositor or any such other entity under a federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Trust, the Depositor or any such other entity or all or any part of the property or assets of Trust, the Depositor or any such other entity or ordering the winding up or liquidation of the affairs of the Trust, the Depositor or any such other entity. (i) the holder of this Call Warrant, by its acceptance hereof, and (ii) the Warrant Agent agrees, that it shall not have any recourse to the Term Assets.

Appears in 1 contract

Samples: Corts(r) Supplement (Structured Products Corp)

Nonpetition Covenant; No Recourse. Each of (i) the Warrant Holder Warrantholder, by its acceptance thereof, and (ii) the Warrant Agent agreesAgent, agrees that it shall not (and, in the case of the Warrant Holderholder, that it shall not direct the Warrant Agent to), until the date which is one year and one day after the payment in full of the Certificates and all other securities issued by the Trust, the Depositor Trustor or entities formed, established or settled by the DepositorTrustor, acquiesce, petition or otherwise invoke or cause the Trust, the Depositor, Trustor or any such other entity to invoke the process of the United States of America, any State or other political subdivision thereof or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government for the purpose of commencing or sustaining a case by or against the Trust, the Depositor Trustor or any such other entity under a federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Trust, the Depositor Trustor or any such other entity or all or any part of the property or assets of Trust, the Depositor Trustor or any such other entity or ordering the winding up or liquidation of the affairs of the Trust, the Depositor Trustor or any such other entity.

Appears in 1 contract

Samples: Warrant Agent Agreement (Synthetic Fixed Income Securities Inc)

Nonpetition Covenant; No Recourse. Each of (i) the Warrant Holder holder of the Call Warrants by its acceptance thereof, and (ii) the Warrant Agent agrees, that it shall not (and, in the case of the Warrant Holderholder, that it shall not direct the Warrant Agent to), until the date which is one year and one day after the payment in full of the Certificates and all other securities issued by the Trust, the Depositor or entities formed, established or settled by the Depositor, acquiesce, petition or otherwise invoke or cause the Trust, the Depositor, or any such other entity to invoke the process of the United States of America, any State or other political subdivision thereof or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government for the purpose of commencing or sustaining a case by or against the Trust, the Depositor or any such other entity under a federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Trust, the Depositor or any such other entity or all or any part of the property or assets of Trust, the Depositor or any such other entity or ordering the winding up or liquidation of the affairs of the Trust, the Depositor or any such other entity.

Appears in 1 contract

Samples: Corporate Backed Trust Certificates (Lehman Abs Corp)

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