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

Parties Will Not Institute Insolvency Proceedings. So long as this Insurance 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 Issuer or the Seller.

Parties Will Not Institute Insolvency Proceedings. So long as this Insurance Agreement is in effect, and for one year and one day following its terminationthe termination of the Indenture, none of the parties hereto will not 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 any of the Issuer Securitization Entities; provided that the foregoing shall not prohibit any action after the filing of any involuntary petition or the Sellerother institution of any such proceedings by another Person.

Parties Will Not Institute Insolvency Proceedings. So long as this Insurance Agreement is in effect, and for one year and one day following its terminationthe last day on which any rated security of the Transferor or the Trust is outstanding, 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 Issuer or the SellerTransferor.