Bankruptcy Action. Each of the Depositor, the Board of Managers, the Owners and the Owner Trustee hereby covenants that for so long as any Secured Obligations remain outstanding and the lien of the Loan Agreement has not been released, it shall not instruct or authorize the Trust to take any Bankruptcy Action with respect to the Trust or to take any action that might cause the Trust to become insolvent.
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Samples: Trust Agreement (Medallion Financial Corp), Trust Agreement (Medallion Financial Corp)
Bankruptcy Action. Each of the Depositor, the Board of Managers, the Owners Depositor and the Owner Trustee hereby covenants that for so long as any Secured Obligations amounts remain outstanding under the Loan and the lien of the Loan and Security Agreement has not been released, it shall not instruct or authorize the Trust to take any Bankruptcy Action with respect to the Trust or to take any action that might cause the Trust to become insolventTrust.
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Bankruptcy Action. Each of the Depositor, the Board of Managers, the Owners Managers and the Owner Trustee hereby covenants that for so long as any Secured Obligations amounts remain outstanding under the Loan and the lien of the Loan and Security Agreement has not been released, it shall not instruct or authorize the Trust to take any Bankruptcy Action with respect to the Trust or to take any action that might cause the Trust to become insolventTrust.
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