Bankruptcy Remote Party definition

Bankruptcy Remote Party means each of the Seller, the Issuer, any other trust created by the Seller or any limited liability company or corporation wholly-owned by the Seller.

Bankruptcy Remote Party means each of NARC II, the Issuer, any other trust created by NARC II or any limited liability company or corporation wholly owned by NARC II.

Bankruptcy Remote Party means any of the Depositor, the Issuing Entity, the Titling Trust or any Special Purpose Entity (and the general partner of any Special Purpose Entity that is a partnership, or the managing member of any Special Purpose Entity that is a limited liability company) that holds a beneficial interest in the Titling Trust.

Examples of Bankruptcy Remote Party in a sentence

• Each of the parties hereto agrees that, prior to the date which is one year and one day after the payment in full of all obligations under each Financing, it will not institute against, or join any other Person in instituting against, any Bankruptcy Remote Party an action in bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or similar proceeding under the laws of the United States or any State of the United States.

• Each of the parties hereto agrees that, prior to the date which is one year and one day after the payment in full of all obligations under each Financing, it will not institute against, or join any other Person in instituting against, any Bankruptcy Remote Party an action in bankruptcy, reorganization, arrangement, insolvency or liquidation Proceedings or similar Proceeding under the laws of the United States or any State of the United States.

• Each Noteholder or Note Owner agrees that, prior to the date which is one year and one day after the payment in full of all obligations under each Financing, it will not institute against, or join any other Person in instituting against, any Bankruptcy Remote Party an action in bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or similar proceeding under the laws of the United States or any State of the United States.

• Each Certificateholder, by its acceptance of a Certificate or any beneficial interest in a Certificate, covenants and agrees that such Certificateholder will not at any time institute against any Bankruptcy Remote Party, or join in any institution against any Bankruptcy Remote Party of, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States, federal or state bankruptcy or similar law.

• Each of the Administration Agreement parties hereto agrees that, prior to the date which is one year and one day after the payment in full of all obligations under each Financing, it will not institute against, or join any other Person in instituting against, any Bankruptcy Remote Party an action in bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or similar proceeding under the laws of the United States or any State of the United States.

More Definitions of Bankruptcy Remote Party

Bankruptcy Remote Party means any of the Transferor, the Issuer, the Origination Trust or any Special Purpose Entity (and the general partner of any Special Purpose Entity that is a partnership, or the managing member of any Special Purpose Entity that is a limited liability company) that holds a beneficial interest in the Origination Trust.

Bankruptcy Remote Party means any of Nissan Auto Receivables Corporation II and Party B.

Bankruptcy Remote Party means Volkswagen Auto Lease/Loan Underwritten Funding, LLC and Party B.

Bankruptcy Remote Party means each of the Depositor, the Issuer, any other trust created by the Depositor or any limited liability company wholly-owned by the Depositor.

Bankruptcy Remote Party means each of the Seller and the Issuer.

Bankruptcy Remote Party means Fifth Third Holdings Funding, LLC and Party B.

Bankruptcy Remote Party means any of [Volkswagen Auto Lease/Loan Underwritten Funding, LLC], [or] Party B[, the Origination Trust or any special purpose entity (and the general partner of any special purpose entity that is a partnership, or the managing member of any special purpose entity that is a limited liability company) that holds a beneficial interest in the Origination Trust]. “Financing” means[, collectively, (i) any financing transaction of any sort undertaken by VW Credit, Inc. or any affiliate of VW Credit, Inc. involving, directly or indirectly, Origination Trust assets (including, without limitation, any financing undertaken in connection with the issuance and assignment of any SUBI, (ii) any sale or purchase by Volkswagen Auto Lease/Loan Underwritten Funding, LLC or any other special purpose entity of any interest in one or more SUBIs and (iii) any other asset securitization, synthetic lease, sale-leaseback, secured loan or similar transaction involving assets (or a beneficial interest in assets) of the Origination Trust.]