Common use of Protection of Assets Clause in Contracts

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets; (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.

Appears in 150 contracts

Samples: Pooling and Servicing Agreement (IndyMac IMSC Mortgage Loan Trust 2007-F3), Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Ar15), Pooling and Servicing Agreement (IndyMac IMSC Mortgage Loan Trust 2007-Ar1)

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Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) . Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in fullpaid.

Appears in 70 contracts

Samples: Pooling and Servicing Agreement (CSMC Trust 2007-4), Pooling and Servicing Agreement (CSMC Mortgage-Backed Trust 2007-7), Pooling and Servicing Agreement (CSMC Trust 2007-4)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in fullpaid.

Appears in 49 contracts

Samples: Pooling and Servicing Agreement, Pooling and Servicing Agreement (CFSB Mor Sec Corp Home Equity Asset Trust 2004-1), Pooling and Servicing Agreement (Credit Suisse First Boston Mort Sec Home Equity Asset 2004-2)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement Trust is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets;; or (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in fullpaid.

Appears in 49 contracts

Samples: Pooling and Servicing Agreement (ABFC 2006-Opt2 Trust), Pooling and Servicing Agreement (C-Bass Mortgage Loan Asset-Backed Certificates, Series 2005-Cb6), Pooling and Servicing Agreement (C-Bass 2007-Cb5 Trust)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement Trust is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets;; or (3) engage in any business or activities. (b) . Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding against the Trust Fund until after the Certificates have been paid in full.

Appears in 43 contracts

Samples: Pooling and Servicing Agreement (Asset Backed Securities CORP Home Equity Loan Trust, Series AMQ 2007-He2), Pooling and Servicing Agreement (Asset Backed Securities CORP Home Equity Loan Trust, Series 2006-He7), Pooling and Servicing Agreement (Asset Backed Securities CORP Home Equity Loan Trust, Series OOMC 2006-He5)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement Trust is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets;; or (3) engage in any business or activities. (b) . Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding against the Trust Fund until one year and one day after the Certificates have been paid in full.

Appears in 35 contracts

Samples: Pooling and Servicing Agreement (Jpmac 2007-Ch1), Pooling and Servicing Agreement (J.P. Morgan Mortgage Acquisition Corp. 2005-WMC-1), Pooling and Servicing Agreement (Jpmac 2006-He2)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets; (3iii) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.

Appears in 20 contracts

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Flx4), Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Flx5), Pooling and Servicing Agreement (IndyMac IMSC Mortgage Loan Trust 2007-Hoa1)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust Trust Fund created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; ; (2) merge with another entity, reorganize, liquidate or sell assets; ; (3) engage in any business or activities. (b) Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in fullpaid.

Appears in 18 contracts

Samples: Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2005-5), Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2005-B), Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2005-6)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement Trust is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets;; or (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.. `

Appears in 10 contracts

Samples: Pooling and Servicing Agreement (IndyMac MBS Inc. Home Equity Mortgage Loan Asset-Backed Trust Series INDS 2006-1), Pooling and Servicing Agreement (Home Equity Mortgage Loan Asset-Backed Trust, Series Inds 2006-3), Pooling and Servicing Agreement (Home Equity Mortgage Loan Asset-Backed Trust, Series INDS 2007-2)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets; (3) engage in any business or activities. (b) Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in fullpaid.

Appears in 9 contracts

Samples: Pooling and Servicing Agreement (Indymac Residential Mortgage-Backed Trust, Series 2005-L1), Pooling and Servicing Agreement (Indymac MBS Inc Res as Sec Tr 2002-A3 Mo Pa Th Ce Se 2002-C), Pooling and Servicing Agreement (Indymac MBS Inc)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets;; or (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.

Appears in 6 contracts

Samples: Pooling and Servicing Agreement (Home Equity Mortgage Loan Asset-Backed Trust, Series SPMD 2004-A), Pooling and Servicing Agreement (Indymac Abs Inc Home Eq Mort Ln Asst Back Tr Ser SPMD 2003-A), Pooling and Servicing Agreement (IndyMac ABS Inc. Home Equity Mortgage Loan Asset-Backed Trust, Series SPMD 2004-A)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1a) borrow money or issue debt; (2b) merge with another entity, reorganize, liquidate or sell assets;; or (3c) engage in any business or activities. (b) . Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in fullpaid.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (TBW Mortgage-Backed Trust Series 2006-4), Pooling and Servicing Agreement (TBW Mortgage-Backed Trust Series 2007-2), Pooling and Servicing Agreement (TBW 2006-1)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement Trust is not authorized and has no power to: (1) to borrow money or issue debt; (2) ; merge with another entity, reorganize, liquidate or sell assets; (3) assets or engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.. `

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Home Equity Mortgage Loan Asset-Backed Trust, Series Inabs 2007-B), Pooling and Servicing Agreement (IndyMac MBS Home Equity Mortgage Loan Asset Backed Trust, Series INABS 2006-D), Pooling and Servicing Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2006-E)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets;; 101 (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Indymac RAST 2004-Ip2), Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2005-Ar1), Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2003 A10)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust Trust Fund created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; ; (2) merge with another entity, reorganize, liquidate or sell assets; ; (3) engage in any business or activities. (b) Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.paid. * * * * * *

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Equity One Abs Inc), Pooling and Servicing Agreement (Equity One Abs Inc)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.paid. 119

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (CSFB Abs Trust Series 2001-He22), Pooling and Servicing Agreement (CSFB Mortgage Pass Through Certificates Series 2001-He16)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust Trust created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets; (3) engage in any business or activities. (b) Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in fullpaid.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Indymac Residential Mortgage-Backed Trust, Series 2005-L2), Pooling and Servicing Agreement (Indymac Residential Mortgage-Backed Trust, Series 2005-L3)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) . Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.paid. 139

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp), Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust Trust Fund created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; ; (2) merge with another entity, reorganize, liquidate or sell assets; ; (3) engage in any business or activities. (b) Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.paid. 109

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Popular Abs, Inc.), Pooling and Servicing Agreement (Popular Abs, Inc.)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets;; or (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.. `

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Home Equity Mortgage Loan Asset Backed Trust Series 2005-A), Pooling and Servicing Agreement (Indymac Home Equity Mortgage Loan Asset-Backed Trust, Series Inabs 2005-B)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1) . borrow money or issue debt; (2) . merge with another entity, reorganize, liquidate or sell assets; (3) . engage in any business or activities. (b) Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in fullpaid.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2002 A2j), Pooling and Servicing Agreement (Indymac MBS Inc)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) . Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in fullpaid.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (CSAB Mortgage-Backed Trust 2006-3), Pooling and Servicing Agreement (CSAB Mortgage-Backed Trust 2006-4)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust Trust Fund created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets; (3) engage in any business or activities. (b) Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in fullpaid.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2006-A), Pooling and Servicing Agreement (Popular ABS Inc Mortgage Pass-Through Certificates Series 2004-5)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) . Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.paid. 163

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mort Accept Corp Series 2002-5)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets; (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2002-A16)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets;; 112 (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac Indx Mortgage Loan Trust 2005-Ar6)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement Trust is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) . 137 Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding against the Trust Fund until after the Certificates have been paid in full.paid. 138

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Asset Backed Securities Corp)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this AgreementA withholding tax" agreement, the trust created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets; (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Securit Trust 2002-A13)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement Trust is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) . Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding against the Trust Fund until after the Certificates have been paid in full.paid. 122

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Asset Backed Securities Corp Home Equity Ln Tr Ser 2001-He2)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets; (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.. 92

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust Series 2004-Indyport1)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) . Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.paid. 115

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement Trust is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets;; or (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (ABFC 2007-Wmc1 Trust)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) . Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.paid. 174

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets;; 107 (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac Indx Mortgage Loan Trust 2004-Ar15)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) . Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.paid. 120

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) . Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.paid. 145

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CSFB Mortgage Backed Pass Through Certificates Ser 2002 10)

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Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) . Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.paid. 162

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CSFB Mortgage Backed Pass Through Certs Series 2001 33)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets;; 102 (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2004-Ar6)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets;; 104 (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2005-Ar3)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets; (3) engage in any business or activities. (b) . Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac Indx Mortgage Loan Trust 2004-Ar7)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust Trust Fund created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets; (3) engage in any business or activities.. 103 (b) Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in fullpaid.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2005-D)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) . Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.paid. 144

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CSFB Mortgage Backed Pass Through Certs Ser 2002 18)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement Trust is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets;; or (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee Trust or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in fullpaid.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (C-Bass Mortgage Loan Trust 2007-Cb3)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement Trust is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets;; or (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee Trustee, the Certificate Administrator or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in fullpaid.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (C Bass Mortgage Loan Asset Backed Certs Ser 2002 Cb1)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt;; 101 (2) merge with another entity, reorganize, liquidate or sell assets; (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac MBS, Inc. Residential Asset Securitization Trust 2005-A1)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust Trust Fund created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; ; (2) merge with another entity, reorganize, liquidate or sell assets; ; (3) engage in any business or activities. (b) Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.paid. 105

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Equity One Mortgage Pass-Through Trust 2004-1)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets; (3) engage in any business or activities.. 117 (b) Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in fullpaid.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2002-A12)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.paid. 112

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement Trust is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) . Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding against the Trust Fund until after the Certificates have been paid in full.paid. 136

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Asset Backed Sec Corp Home Equity Loan Trust Series 2001 He3)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.paid. 110

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CSFB Mortgage Pass-Thru Cert Series 2001-He17)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) . Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.paid. 123

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CSFB Mortgage Backed Pass Through Cert Series 2002-Ar8)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt;; 109 (2) merge with another entity, reorganize, liquidate or sell assets; (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2005-Ar14)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) . Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.paid. 150

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CSFB Mortgage Backed Pass Through Certificates Ser 2002-Ar13)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets; (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.. 109

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2004-Ar2)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust Trust Fund created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; ; (2) merge with another entity, reorganize, liquidate or sell assets; ; (3) engage in any business or activities. (b) Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.paid. 101

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Popular ABS Inc Mortgage Pass-Through Certificates Series 2004-4)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets;; 110 (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac Indx Mortgage Loan Trust 2005-Ar2)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.paid. 113

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CSFB Abs Trust Series 2001 He12)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the trust created by this Agreement is not authorized and has no power to: (1) borrow money or issue debt; (2) merge with another entity, reorganize, liquidate or sell assets; (3) engage in any business or activities. (b) Each party to this Agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.. 104

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2002-A14j)

Protection of Assets. (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreementagreement, the trust created by this Agreement agreement is not authorized and has no power to: (1i) borrow money or issue debt; (2ii) merge with another entity, reorganize, liquidate or sell assets;; or (3iii) engage in any business or activities. (b) . Each party to this Agreement agreement agrees that it will not file an involuntary bankruptcy petition against the Trustee or the Trust Fund or initiate any other form of insolvency proceeding until after the Certificates have been paid in full.paid. 138

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

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