Common use of Bankruptcy Petition Clause in Contracts

Bankruptcy Petition. (a) Seller, Servicer, Agent, each Purchaser Agent and each Purchaser hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of any Conduit or any Financial Institution or Funding Source that is a special purpose bankruptcy remote entity, it will not institute against, or join any other Person in instituting against, any Conduit, any Financial Institution or any such entity any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States.

Appears in 14 contracts

Samples: Receivables Purchase Agreement (Patterson Companies, Inc.), Receivables Purchase Agreement (Exelon Generation Co LLC), Receivables Purchase Agreement (Patterson Companies, Inc.)

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Bankruptcy Petition. (a) Seller, the Servicer, each Managing Agent, each Purchaser the Agent and each Purchaser hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of any Conduit or any Financial Institution or Funding Source that is a special purpose bankruptcy remote entity, it will not institute against, or join any other Person in instituting against, any Conduit, any Financial Institution Conduit or any such entity any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States.

Appears in 5 contracts

Samples: Receivables Purchase Agreement (Cardinal Health Inc), Receivables Purchase Agreement (Cardinal Health Inc), Receivables Purchase Agreement (Cardinal Health Inc)

Bankruptcy Petition. (a) Each Seller, Servicerthe Servicers, the Agent, each Purchaser Agent Financial Institution and each Purchaser Company (except with respect to itself) hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of any Conduit or any Financial Institution or Funding Source that is a special purpose bankruptcy remote entityentity or of any Company, it will not institute against, or join any other Person in instituting against, any Conduit, any Financial Institution such entity or any such entity Company any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States.

Appears in 5 contracts

Samples: Receivables Purchase Agreement (Dean Foods Co), Receivables Purchase Agreement (Dean Foods Co), Receivables Purchase Agreement (Dean Foods Co)

Bankruptcy Petition. (a1) Seller, Servicer, Agent, each Purchaser Agent and each Purchaser hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of any Conduit or any Financial Institution or Funding Source that is a special purpose bankruptcy remote entity, it will not institute against, or join any other Person in instituting against, any Conduit, any Financial Institution or any such entity any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Patterson Companies, Inc.)

Bankruptcy Petition. (a) The Seller, the Servicer, the Agent, each Purchaser Agent Administrator and each Purchaser hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full latest maturing Commercial Paper Note issued by any Purchaser (whether or not issued to fund the purchase or maintenance of all outstanding senior indebtedness the Ownership Interests of any Conduit or any Financial Institution or Funding Source that is a special purpose bankruptcy remote entitysuch Purchaser hereunder), it will not institute against, or join any other Person in instituting against, any Conduit, any Financial Institution or any such entity Purchaser any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United StatesStates or any other applicable jurisdiction.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Agco Corp /De)

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Bankruptcy Petition. (a) SellerEach of the Sellers, the Servicer, the Original Servicer, each Managing Agent, each Purchaser the Agent and each Purchaser hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of any Conduit or any Financial Institution or Funding Source that is a special purpose bankruptcy remote entity, it will not institute against, or join any other Person in instituting against, any Conduit, any Financial Institution Conduit or any such entity any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States.

Appears in 1 contract

Samples: Assignment Agreement (Cardinal Health Inc)

Bankruptcy Petition. (a) Each Seller, Servicerthe Servicers, the Agent, each Purchaser Agent Financial Institution and each Purchaser Company (except with respect to itself) hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of any Conduit or any Financial Institution or Funding Source that is a special purpose bankruptcy remote entityentity or of any Company, it will not institute against, or join any other Person in instituting against, any Conduit, any Financial Institution such entity or any such entity Company any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States.. FIFTH AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT

Appears in 1 contract

Samples: Receivables Purchase Agreement (Dean Foods Co)

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