Common use of No Petition Covenants Clause in Contracts

No Petition Covenants. Notwithstanding any prior termination of this Agreement, NFC shall not, prior to the date which is one year and one day after the final distribution with respect to the Securities to the Note Distribution Account or the Certificate Distribution Account, as applicable, acquiesce, petition or otherwise invoke or cause any Person to invoke the process of any court or government authority for the purpose of commencing or sustaining a case against NFRRC under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of NFRRC or any substantial part of its property, or ordering the winding up or liquidation of the affairs of NFRRC. * * * * *

Appears in 8 contracts

Samples: Purchase Agreement (Navistar Financial Retail Rec Corp Navistar Fin 04 a Own Tr), Purchase Agreement (Navistar Financial Corp), Purchase Agreement (Navistar Financial 2005-a Owner Trust)

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No Petition Covenants. Notwithstanding any prior termination --------------------- of this Agreement, NFC shall not, prior to the date which is one year and one day after the final distribution with respect to the Securities to the Note Distribution Account or the Certificate Distribution Account, as applicable, acquiesce, petition or otherwise invoke or cause any Person to invoke the process of any court or government authority for the purpose of commencing or sustaining a case against NFRRC under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of NFRRC or any substantial part of its property, or ordering the winding up or liquidation of the affairs of NFRRC. * * * * *

Appears in 1 contract

Samples: Purchase Agreement (Navistar Financial Retail Receivables Corporation)

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No Petition Covenants. Notwithstanding any prior --------------------- termination of this Agreement, NFC shall not, prior to the date which is one year and one day after the final distribution with respect to the Securities to the Note Distribution Account or the Certificate Distribution Account, as applicable, acquiesce, petition or otherwise invoke or cause any Person NFRRC to invoke the process of any court or government authority for the purpose of commencing or sustaining a case against NFRRC under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of NFRRC NFRRC, or any substantial part of its property, or ordering the winding up or liquidation of the affairs of NFRRC. * * * * *

Appears in 1 contract

Samples: Purchase Agreement (Navistar Financial Retail Receivables Corporation)

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