No Bankruptcy Petition; Disclaimer and Subordination. (a) Each of the Servicer, the Owner Trustee and each Noteholder and the Equity Certificateholder (by acceptance of the applicable Notes or the Equity Certificate) covenants and agrees that it will not institute against the Depositor, or the Trust, or solicit or join in or cooperate with or encourage any other Person in instituting against the Depositor or the Trust, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceedings under the laws of the United States of America or any state of the United States of America. The parties hereto agree that the obligations of this Section 11.08 shall survive termination of this Agreement.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Cit Funding Co, LLC), Pooling and Servicing Agreement (CIT Equipment Collateral 2006-Vt1), Pooling and Servicing Agreement (Ace Securities Corp)
No Bankruptcy Petition; Disclaimer and Subordination. (a) Each of the Servicer, the Owner Indenture Trustee and each Noteholder and the Equity Certificateholder holders of the Trust Certificates (by acceptance of the applicable Notes or the Equity CertificateTrust Certificates) covenants and agrees that it will not institute against the Depositor, or the TrustIssuer, or solicit or join in or cooperate with or encourage any other Person in instituting against the Depositor or the TrustIssuer, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceedings under the laws of the United States of America or any state of the United States of America. The parties hereto agree that the obligations of under this Section 11.08 11.17 shall survive termination of this AgreementIndenture.
Appears in 2 contracts
Samples: Indenture (Springleaf Finance Corp), Indenture (Springleaf Holdings, Inc.)
No Bankruptcy Petition; Disclaimer and Subordination. (a) Each of the Servicer, the Owner Indenture Trustee and each Noteholder and the Equity Certificateholder (by acceptance of the applicable Notes or the Equity CertificateNotes) covenants and agrees that it will not institute against any of the Depositor, Sellers or the TrustCo-Issuers, or solicit or join in or cooperate with or encourage any other Person in instituting against any of the Depositor Sellers or the TrustCo-Issuers, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceedings under the laws of the United States of America or any state of the United States of America. The parties hereto agree that the obligations of under this Section 11.08 11.16 shall survive termination of this AgreementIndenture.
Appears in 1 contract
Samples: Indenture (Springleaf Finance Corp)
No Bankruptcy Petition; Disclaimer and Subordination. (a) Each of the Servicer, the Owner Trustee and each Noteholder and the Equity Certificateholder (by acceptance of the applicable Notes or the Equity Certificate) covenants and agrees that it will not institute against the Depositor, or the Trust, or solicit or join in or cooperate with or encourage any other Person in instituting against the Depositor or the Trust, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceedings under the laws of the United States of America or any state of the United States of America. The parties hereto agree that the obligations of under this Section 11.08 shall survive termination of this Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cit Equipment Collateral 2006-Vt2)
No Bankruptcy Petition; Disclaimer and Subordination. (a) Each of the Servicer, the Owner Trustee and each Noteholder and the Equity Certificateholder (by acceptance of the applicable Notes or the Equity Certificate) covenants and agrees that it will not institute against the Depositor, or the Trust, or solicit or join 84 in or cooperate with or encourage any other Person in instituting against the Depositor or the Trust, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceedings under the laws of the United States of America or any state of the United States of America. The parties hereto agree that the obligations of under this Section 11.08 shall survive termination of this Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CIT Equipment Collateral 2008-Vt1)
No Bankruptcy Petition; Disclaimer and Subordination. (aq) Each of the Servicer, the Owner Indenture Trustee and each Noteholder and the Equity Certificateholder (by acceptance of the applicable Notes or the Equity CertificateNotes) covenants and agrees that it will not institute against any of the Depositor, Sellers or the TrustCo-Issuers, or solicit or join in or cooperate with or encourage any other Person in instituting against any of the Depositor Sellers or the TrustCo-Issuers, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceedings under the laws of the United States of America or any state of the United States of America. The parties hereto agree that the obligations of under this Section 11.08 11.16 shall survive termination of this AgreementIndenture.
Appears in 1 contract
