Common use of NO BANKRUPTCY PETITION AGAINST THE TRANSFEROR Clause in Contracts

NO BANKRUPTCY PETITION AGAINST THE TRANSFEROR. THE MANAGING MEMBER OR THE ISSUER. The Servicer covenants and agrees it will not, prior to the date that is one year and one day after the payment in full of all amounts owing pursuant to the Transaction Documents, institute against, or join any other Person in instituting against, any of the Transferor, the Managing Member or the Issuer, any bankruptcy, reorganization, receivership, arrangement, insolvency or liquidation proceedings or other similar proceedings under any federal or state bankruptcy or similar law. This Section 8.09 shall survive the termination of this Agreement.

Appears in 5 contracts

Samples: Contribution and Servicing Agreement (Dvi Receivables Corp Viii), Contribution and Servicing Agreement (Dvi Receivables Corp Viii), Contribution and Servicing Agreement (Dvi Receivables Corp Viii)

AutoNDA by SimpleDocs

NO BANKRUPTCY PETITION AGAINST THE TRANSFEROR. THE MANAGING MEMBER OR THE ISSUERthe Managing Member or the Issuer. The Servicer covenants and agrees it will not, prior to the date that is one year and one day after the payment in full of all amounts owing pursuant to the Transaction Documents, institute against, or join any other Person in instituting against, any of the Transferor, the Managing Member or the Issuer, any bankruptcy, reorganization, receivership, arrangement, insolvency or liquidation proceedings or other similar proceedings under any federal or state bankruptcy or similar law. This Section 8.09 shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Contribution and Servicing Agreement (Dvi Receivables Corp Viii)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.