Common use of Nonpetition Covenants Clause in Contracts

Nonpetition Covenants. Notwithstanding any prior termination of this Agreement, the Administrator and the Indenture Trustee shall not, prior to the date which is one year and one day after the date upon which all obligations and payments under the Securitized Financing have been paid in full, acquiesce, petition or otherwise invoke or cause the Issuer or the Transferor to invoke the process of any court or government authority for the purpose of commencing or sustaining a case against the Issuer or the Transferor under any United States 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 Transferor or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer or the Transferor.

Appears in 33 contracts

Samples: Issuer Administration Agreement (BMW Vehicle Lease Trust 2024-2), Issuer Administration Agreement (BMW Vehicle Lease Trust 2024-2), Issuer Administration Agreement (BMW Vehicle Lease Trust 2024-1)

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Nonpetition Covenants. Notwithstanding any prior termination of this Agreement, the Administrator and the Indenture Trustee shall not, prior to the date which is one year and one day after the date upon which all obligations and payments under the Securitized Financing have been paid in full, acquiesce, petition or otherwise invoke or cause the Issuer or the Transferor to invoke the process of any court or of government authority for the purpose of commencing or sustaining a case against the Issuer or the Transferor under any United States 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 Transferor or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer or the Transferor.

Appears in 14 contracts

Samples: Administration Agreement, Issuer Administration Agreement (BMW Auto Leasing LLC), Issuer Administration Agreement (BMW Auto Leasing LLC)

Nonpetition Covenants. Notwithstanding any prior termination of this AgreementAgreement or the Indenture, the Administrator and the Indenture Trustee Seller shall not, prior to the date which is one year and one day after the date upon which all obligations termination of the Indenture and payments payment in full of the Securitized Utility Tariff Bonds or any other amounts owed under the Securitized Financing have been paid in full, acquiesceIndenture, petition or otherwise invoke or cause the Issuer or the Transferor to invoke the process of any court or government authority Government Authority for the purpose of commencing or sustaining a an involuntary case against the Issuer or the Transferor under any United States federal or state bankruptcy, insolvency or similar law or law, appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or the Transferor or any substantial part of its propertythe property of the Issuer, or ordering the winding up or liquidation of the affairs of the Issuer or the TransferorIssuer.

Appears in 9 contracts

Samples: Securitized Utility Tariff Property Purchase and Sale Agreement (Ameren Missouri Securitization Funding I, LLC), Securitized Utility Tariff Property Purchase and Sale Agreement (Ameren Missouri Securitization Funding I, LLC), Securitized Utility Tariff Property Purchase and Sale Agreement (Ameren Missouri Securitization Funding I, LLC)

Nonpetition Covenants. Notwithstanding any prior termination of this Agreement, the Administrator and the Indenture Trustee Master Servicer shall not, prior to the date which is one year and one day after the date upon which all obligations and payments under termination of this Agreement with respect to the Securitized Financing have been paid in fullIssuer or the Depositor, acquiesce, petition or otherwise invoke or cause the Issuer or the Transferor Depositor (or any assignee) to invoke the process of any court or government authority for the purpose of commencing or sustaining a case against the Issuer or the Transferor Depositor under any United States federal or state bankruptcy, insolvency or similar law law, or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or the Transferor Depositor or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer or the TransferorDepositor.

Appears in 9 contracts

Samples: Master Servicing Agreement (Sequoia Mortgage Funding Corp), Master Servicing Agreement (Cwabs Inc), Master Servicing Agreement (Indymac Abs Inc)

Nonpetition Covenants. Notwithstanding any prior termination of this AgreementSale Agreement or the Indenture, the Administrator and the Indenture Trustee Seller shall not, prior to the date which that is one year and one day after the date upon which all obligations termination of the Indenture and payments payment in full of the Securitization Bonds or any other amounts owed under the Securitized Financing have been paid in full, acquiesceIndenture, petition or otherwise invoke or cause the Issuer or the Transferor to invoke the process of any court or government authority Governmental Authority for the purpose of commencing or sustaining a an involuntary case against the Issuer or the Transferor under any United States U.S. federal or state bankruptcy, insolvency or similar law or law, appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or the Transferor or any substantial part of its propertythe property of the Issuer, or ordering the winding up or liquidation of the affairs of the Issuer or the TransferorIssuer.

Appears in 6 contracts

Samples: Securitization Property Purchase and Sale Agreement (Consumers 2023 Securitization Funding LLC), Securitization Property Purchase and Sale Agreement (Consumers 2023 Securitization Funding LLC), Securitization Property Purchase and Sale Agreement (Consumers 2023 Securitization Funding LLC)

Nonpetition Covenants. (a) Notwithstanding any prior termination of this Agreement, the Administrator Servicer, the Backup Servicer and the Indenture Trustee Depositor shall not, prior to the date which is one year and one day after the date upon which all obligations and payments under termination of this Agreement with respect to the Securitized Financing have been paid in fullIssuer or the Depositor, acquiesce, petition or otherwise invoke or cause the Issuer or the Transferor 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 Transferor Depositor under any United States federal or state bankruptcy, insolvency or similar law law, or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or the Transferor Depositor or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer or the TransferorDepositor.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Nal Financial Group Inc), Sale and Servicing Agreement (Nal Financial Group Inc), Sale and Servicing Agreement (Nal Financial Group Inc)

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Nonpetition Covenants. Notwithstanding any prior termination of this Agreement, none of the Administrator and Servicer, the Originator, the Indenture Trustee shall notTrustee, the Back-up Servicer or the Depositor shall, prior to the date which is one year two years and one day after the date upon which all obligations and payments under termination of this Agreement with respect to the Securitized Financing have been paid in fullIssuer, acquiesce, petition or otherwise invoke or cause the Issuer or the Transferor to invoke the process of any court or government authority for the purpose of commencing or sustaining a case against the Issuer or the Transferor under any United States 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 Transferor or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer or the TransferorIssuer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Commercial Credit, Inc.)

Nonpetition Covenants. Notwithstanding any prior termination of this Agreement, the Administrator Owner Trustee, the Indenture Trustee, the Issuer and the Indenture Trustee Servicer shall not, prior to the date which is one year and one day after the date upon which all obligations and payments under termination of this Agreement with respect to the Securitized Financing have been paid in fullIssuer or the Depositor, acquiesce, petition or otherwise invoke or cause the Issuer or the Transferor 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 Transferor Depositor under any United States federal or state bankruptcy, insolvency or similar law law, or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or the Transferor Depositor or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer or the TransferorDepositor.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)

Nonpetition Covenants. Notwithstanding any prior termination of this Agreement, the Administrator and the Indenture Trustee shall not, prior to the date which is one year and one day after the date upon which all obligations and payments under termination of this Agreement with respect to the Securitized Financing have been paid in fullIssuer or the Transferor, acquiesce, petition or otherwise invoke or cause the Issuer or the Transferor to invoke the process of any court or of government authority for the purpose of commencing or sustaining a case against the Issuer or the Transferor under any United States 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 Transferor or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer or the Transferor.

Appears in 1 contract

Samples: Issuer Administration Agreement (BMW Vehicle Lease Trust 2007-1)

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