Common use of Parties Will Not Institute Insolvency Proceedings Clause in Contracts

Parties Will Not Institute Insolvency Proceedings. So long as this Agreement is in effect, and for one year following its termination, none of the parties hereto will file any involuntary petition or otherwise institute any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceedings under any federal or state bankruptcy or similar law against the Depositor or the Issuer.

Appears in 7 contracts

Samples: Insurance Agreement (First Investors Financial Services Group Inc), Insurance Agreement (First Investors Financial Services Group Inc), Insurance Agreement (First Investors Financial Services Group Inc)

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Parties Will Not Institute Insolvency Proceedings. So long as During the term of this Agreement is in effect, and for one year following its terminationand one day after the termination hereof, none of the parties hereto or any Affiliate thereof or any Holder of Outstanding Notes (and each Holder of Outstanding Notes so agrees by acceptance of a Note) will file any involuntary petition or otherwise institute any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceedings proceeding under any federal or state bankruptcy or similar law against the Depositor or the Issuer.

Appears in 6 contracts

Samples: Indenture (Trendwest Resorts Inc), Servicing Agreement (Trendwest Resorts Inc), Servicing Agreement (Trendwest Resorts Inc)

Parties Will Not Institute Insolvency Proceedings. So long as this Agreement is in effect, and for one year following its termination, none of the parties hereto will file any involuntary petition or otherwise institute any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceedings under any federal or state bankruptcy or similar law against the Depositor Issuer or the IssuerDepositor.

Appears in 4 contracts

Samples: Insurance Agreement (Keycorp Student Loan Trust 2000-A), Insurance Agreement (Keycorp Student Loan Trust 2000-B), Insurance Agreement (Keycorp Student Loan Trust 2003-A)

Parties Will Not Institute Insolvency Proceedings. So long as During the term of this Agreement is in effect, and for one year following its terminationand one day after the termination hereof, none of the parties hereto or any Affiliate thereof will file any involuntary petition or otherwise institute any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceedings proceeding under any federal or state bankruptcy or similar law against the Depositor or the IssuerTransferor.

Appears in 3 contracts

Samples: Trust and Security Agreement (Granite Financial Inc), Trust and Security Agreement (Granite Financial Inc), Trust and Security Agreement (T&w Financial Corp)

Parties Will Not Institute Insolvency Proceedings. So long as this Agreement is in effect, and for one year following its termination, none of the parties hereto will file any involuntary petition or otherwise institute any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceedings under any federal or state bankruptcy or similar law against the Depositor Debtor, the Purchaser or the IssuerAMTN.

Appears in 2 contracts

Samples: Insurance Agreement (Americredit Corp), Insurance Agreement (Americredit Corp)

Parties Will Not Institute Insolvency Proceedings. So long as this Agreement is in effect, and for one year following its termination, none of the parties hereto will file any involuntary petition or otherwise institute any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceedings under any federal or state bankruptcy or similar law against the Depositor Issuer or the IssuerSeller.

Appears in 2 contracts

Samples: Insurance Agreement (UPFC Auto Receivables Trust 2007-A), Insurance Agreement (UPFC Auto Receivables Trust 2006-A)

Parties Will Not Institute Insolvency Proceedings. So long as this Agreement is in effect, and for one year following its termination, none of the parties hereto will file any involuntary petition or otherwise institute any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceedings under any federal or state bankruptcy or similar law against the Depositor Company, Funding Co., the Depositor, the Issuer or the IssuerResidual Holder.

Appears in 2 contracts

Samples: Insurance Agreement (Residential Asset Funding Corp), Insurance Agreement (Residential Asset Funding Corp)

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Parties Will Not Institute Insolvency Proceedings. So long as this Agreement Indenture is in effect, and for one year following its termination, none of the parties hereto or any Affiliate thereof will file any involuntary petition or otherwise institute any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceedings proceeding under any federal or state bankruptcy or similar law against the Depositor or by the Issuer.. Article Twelve

Appears in 1 contract

Samples: Indenture (Sunrise Resources Inc\mn)

Parties Will Not Institute Insolvency Proceedings. So long as this Agreement is in effect, and for one year plus one day following its termination, none of the parties hereto will file any involuntary petition or otherwise institute any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceedings under any federal or state bankruptcy or similar law against the Depositor Seller, the Depositor, the Issuer or the IssuerSpecial Member.

Appears in 1 contract

Samples: Insurance Agreement (Prudential Securities Secured Financing Corp)

Parties Will Not Institute Insolvency Proceedings. So long as this Agreement is in effect, and for one year following its termination, none of the parties hereto will file any involuntary petition or otherwise institute any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceedings under any federal or state bankruptcy or similar law against the Depositor Trust or the IssuerSeller.

Appears in 1 contract

Samples: Insurance Agreement (UPFC Auto Receivables Corp.)

Parties Will Not Institute Insolvency Proceedings. So long as this Agreement the Indenture is in effect, and for one year following its termination, none of the parties hereto or any Affiliate thereof will file any involuntary petition or otherwise institute any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceedings proceeding under any federal or state bankruptcy or similar law against the Depositor or the Issuer.

Appears in 1 contract

Samples: Indenture (T&w Financial Corp)

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