Common use of No Petition Clause in Contracts

No Petition. To the fullest extent permitted by applicable law, the Owner Trustee, by entering into this Agreement, each Certificateholder, by accepting a Trust Certificate, and the Indenture Trustee and each Noteholder, by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor or the Trust or join in any institution against the Depositor or the Trust of, any bankruptcy proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Trust Certificates, the Notes, this Agreement or any of the Basic Documents.

Appears in 82 contracts

Sources: Trust Agreement (Hyundai Auto Receivables Trust 2026-A), Trust Agreement (Hyundai Auto Receivables Trust 2026-A), Trust Agreement (Hyundai Auto Receivables Trust 2025-D)

No Petition. To the fullest extent permitted by applicable law, the Owner Trustee, by entering into this Agreement, each Certificateholder, by accepting a Trust Certificate, and the Indenture Trustee and each Noteholder, by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor or the Trust Trust, or join in any institution against the Depositor or the Trust of, any bankruptcy involuntary bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Trust Certificates, the Notes, this Agreement or any of the Basic Documents.

Appears in 64 contracts

Sources: Trust Agreement (World Omni Auto Receivables Trust 2026-B), Trust Agreement (World Omni Auto Receivables Trust 2026-B), Trust Agreement (World Omni Auto Receivables Trust 2026-A)

No Petition. To The Owner Trustee on behalf of the fullest extent permitted by applicable lawTrust, the Owner Trustee, by entering into this Agreement, each Certificateholder, by accepting a Trust Certificate, and the Indenture Trustee and each Noteholder, Noteholder by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor or the Trust Depositor, or join in any institution against the Depositor or the Trust of, any bankruptcy bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States U.S. federal or state State bankruptcy or similar law in connection with any obligations relating to the Trust CertificatesCertificate, the Notes, this Agreement or any of the Basic Documents.

Appears in 58 contracts

Sources: Trust Agreement (John Deere Receivables LLC), Trust Agreement (Deere John Capital Corp), Trust Agreement (John Deere Receivables LLC)

No Petition. To the fullest extent permitted by applicable law, the Owner Trustee, by entering into this Agreement, each Certificateholder, by accepting a Trust Certificate, and the Indenture Trustee and each Noteholder, by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor or the Trust Trust, or join in any institution against the Depositor or the Trust of, any bankruptcy involuntary bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States federal Federal or state bankruptcy or similar law in connection with any obligations relating to the Trust Certificates, the Notes, this Agreement or any of the Basic Documents.

Appears in 55 contracts

Sources: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC)

No Petition. To the fullest extent permitted by applicable law, the The Owner Trustee, by entering into this Agreement, each Certificateholder, by accepting a Trust Certificate, and the Indenture Trustee and each Noteholder, by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor Company or the Trust Trust, or join in any institution against the Depositor Company or the Trust of, any bankruptcy proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Trust Certificates, the Notes, this Agreement or any of the Basic Documents.

Appears in 35 contracts

Sources: Trust Agreement (Daimlerchrysler Auto Trust 2008-B), Trust Agreement (Chrysler Financial Auto Securitization Trust 2009-A), Trust Agreement (Daimlerchrysler Auto Trust 2008-A)

No Petition. To the fullest extent permitted by applicable law, the The Owner Trustee, by entering into this Agreement, each Certificateholder, by accepting a Trust Certificate, and the Indenture Trustee and each Noteholder, by accepting the benefits of this Agreement, each hereby covenant covenants and agree agrees that they it will not at any time institute against the Depositor or the Trust Issuer, or join in any institution against the Depositor or the Trust Issuer of, any bankruptcy proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Trust Certificates, the Notes, this Agreement or any of the other Basic DocumentsDocument.

Appears in 33 contracts

Sources: Trust Agreement (Honda Auto Receivables 2015-4 Owner Trust), Trust Agreement (Honda Auto Receivables 2015-4 Owner Trust), Trust Agreement (Honda Auto Receivables 2014-4 Owner Trust)

No Petition. To the fullest extent permitted by applicable law, the The Owner Trustee, by entering into this Agreement, each Certificateholder, by accepting a Trust Certificate, and the Indenture Trustee and each Noteholder, by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor or the Trust or join in any institution against the Depositor or the Trust of, any bankruptcy proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Trust Certificates, the Notes, this Agreement or any of the Basic Documents.

Appears in 17 contracts

Sources: Trust Agreement (SSB Vehicle Securities Inc SSB Auto Loan Trust 2002-1), Trust Agreement (Regions Acceptance LLC Regions Auto Receivables Tr 2003-2), Trust Agreement (BMW Vehicle Owner Trust 2001-A)

No Petition. To the fullest extent permitted by applicable law, the The Owner Trustee, by entering into this Agreement, each Certificateholder, by accepting a Trust Certificate, and the Indenture Trustee and each Noteholder, by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor Company or the Trust Trust, or join in any institution against the Depositor Company or the Trust of, any bankruptcy proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Trust Certificates, the Notes, this Agreement or any of the Basic Documents.

Appears in 13 contracts

Sources: Trust Agreement (Beneficial Mortgage Services Inc), Trust Agreement (Premier Auto Trust 1996-4), Trust Agreement (Directors Asset Conduit Corp)

No Petition. To the fullest extent permitted by applicable law, the The Owner Trustee, by entering into this Agreement, each Certificateholder, by accepting a Trust Certificate, and the Indenture Trustee and each Noteholder, by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor or the Trust Trust, or join in any institution against the Depositor or the Trust of, any bankruptcy proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Trust Certificates, the Notes, this Agreement or any of the Basic Documents.

Appears in 13 contracts

Sources: Trust Agreement (Nal Financial Group Inc), Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (Citigroup Vehicle Securities Inc)

No Petition. To the fullest extent permitted by applicable law, the The Owner Trustee, by entering into this Agreement, each CertificateholderOwner, by accepting a Trust CertificateCertificate or a beneficial interest therein, and the Indenture Trustee and each Noteholder, by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor Company or the Trust Trust, or join in any institution against the Depositor Company or the Trust of, any bankruptcy proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Trust Certificates, the Notes, this Agreement or any of the Basic Documents.

Appears in 9 contracts

Sources: Trust Agreement (Goldman Sachs Asset Backed Securities Corp), Trust Agreement (Bond Securitization LLC), Trust Agreement (Bond Securitization LLC)

No Petition. To the fullest extent permitted by applicable law, the The Owner Trustee (not in its individual capacity but solely as Owner Trustee), by entering into this Agreement, each Certificateholder, by accepting a Trust its Certificate, and the Indenture Trustee and each Noteholder, Noteholder by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor or the Trust Transferor, or join in any institution against the Depositor or the Trust Transferor of, any bankruptcy bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Trust Certificates, the Notes, this Agreement or any of the other Basic Documents.

Appears in 7 contracts

Sources: Trust Agreement (Long Beach Acceptance Receivables Corp. II), Trust Agreement, Trust Agreement (Long Beach Acceptance Corp)

No Petition. To the fullest extent permitted by applicable law, the The Owner Trustee, by entering into this Agreement, each Certificateholder, by accepting a Trust Certificate, and the Indenture Trustee and each Noteholder, by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor or the Trust or join in any institution against the Depositor or the Trust of, any bankruptcy proceedings under any United States of America federal or state State bankruptcy or similar law in connection with any obligations relating to the Trust Certificates, the Notes, this Agreement or any of the Basic Documents.

Appears in 6 contracts

Sources: Trust Agreement (BMW Fs Securities LLC), Trust Agreement (BMW Fs Securities LLC), Trust Agreement (BMW Fs Securities LLC)

No Petition. To the fullest extent permitted by applicable law, the The Owner Trustee, by entering into this Agreement, each Certificateholder, by accepting a Trust Certificate, and the Indenture Trustee and each Noteholder, by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Trust Depositor or the Trust Trust, or join in any institution against the Depositor Trust Depositor, or the Trust of, any bankruptcy proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Trust CertificatesCertificate, the Notes, this Agreement or any of the Basic other Transaction Documents.

Appears in 5 contracts

Sources: Trust Agreement (Orix Credit Alliance Receivables Trust 2000-A), Trust Agreement (Orix Credit Alliance Receivables Trust 2000 B), Trust Agreement (Heller Funding Corp Ii)

No Petition. To the fullest extent permitted by applicable law, the Owner Trustee, by entering into this Agreement, each Certificateholder, by accepting a Trust Certificate, and the Indenture Trustee and each Noteholder, by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor Company or the Trust Trust, or join in any institution against the Depositor Company or the Trust of, any bankruptcy proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Trust Certificates, the Notes, this Agreement or any of the Basic Documents.

Appears in 3 contracts

Sources: Trust Agreement (Chrysler Financial Auto Securitization Trust 2010-A), Trust Agreement (Chrysler Financial Auto Securitization Trust 2009-B), Trust Agreement (Chrysler Financial Services Americas LLC)

No Petition. To the fullest extent permitted by applicable law, the The Owner Trustee, by entering into this Agreement, each Certificateholder, by accepting a Trust Certificate, and the Indenture Trustee and each Noteholder, Bondholder by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor Company or the Trust Trust, or join in any institution against the Depositor Company or the Trust of, any bankruptcy bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States federal Federal or state bankruptcy or similar law in connection with any obligations relating to the Trust Certificates, the NotesBonds, this Agreement or any of the Basic Documents.

Appears in 2 contracts

Sources: Deposit Trust Agreement (Fund America Investors Corp Ii), Deposit Trust Agreement (Fund America Investors Corp Ii)

No Petition. To the fullest extent permitted by applicable law, the The Owner Trustee, by entering into this Agreement, each Certificateholder, by accepting a Trust Certificate, and the Indenture Trustee and each Noteholder, Noteholder by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor or the Trust Trust, or join in any institution against the Depositor or the Trust of, any bankruptcy bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States federal Federal or state bankruptcy or similar law in connection with any obligations relating to the Trust Certificates, the Notes, this Agreement or any of the Basic Documents.

Appears in 1 contract

Sources: Trust Agreement (Prudential Securities Secured Financing Corp)

No Petition. To the fullest extent permitted by applicable law, the The Owner Trustee, by entering into this Agreement, each Certificateholder, by accepting a Trust Certificate, and the Indenture Trustee and each Noteholder, Noteholder by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor Seller or the Trust Trust, or join in any institution against the Depositor Seller or the Trust of, any bankruptcy bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States federal Federal or state bankruptcy or similar law in connection with any obligations relating to the Trust Certificates, the Notes, this Agreement or any of the other Basic Documents.

Appears in 1 contract

Sources: Trust Agreement (Accredited Mortgage Loan Trust 2003-2)

No Petition. To the fullest extent permitted by applicable law, the The Owner Trustee, by entering into this Agreement, each CertificateholderOwner, by accepting a Trust Certificate, and the Indenture Trustee and each Noteholder, Noteholder by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor or the Trust Trust, or join in any institution against the Depositor or the Trust of, any bankruptcy bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States federal Federal or state bankruptcy or similar law in connection with any obligations relating to the Trust Certificates, the Notes, this Agreement or any of the Basic Documents.

Appears in 1 contract

Sources: Trust Agreement (Capitalsource Inc)

No Petition. To The Owner Trustee on behalf of the fullest extent permitted by applicable lawTrust, the Owner Trustee, by entering into this Agreement, each Certificateholder, by accepting a Trust Certificate, and the Indenture Trustee and each Noteholder, Noteholder by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor or the Trust Depositor, or join in any institution against the Depositor or the Trust of, any bankruptcy bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States U.S. federal or state bankruptcy or similar law in connection with any obligations relating to the Trust CertificatesCertificate, the Notes, this Agreement or any of the Basic Documents.

Appears in 1 contract

Sources: Trust Agreement (Deere John Receivables Inc)

No Petition. To the fullest extent permitted by applicable law, the The Owner Trustee, by entering into ----------- this Agreement, each Certificateholder, by accepting a Trust Certificate, and the Indenture Trustee and each Noteholder, by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor or the Trust or the Certificate Trust or join in any institution against the Depositor or the Trust of, any bankruptcy proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Trust Certificates, the Notes, this Agreement or any of the Basic Documents.

Appears in 1 contract

Sources: Trust Agreement (SSB Vehicle Securities Inc)

No Petition. To The Owner Trustee on behalf of the fullest extent permitted by applicable lawTrust, the Owner Trustee, by entering into this Agreement, each Certificateholder, by accepting a Trust Certificate, and the Indenture Trustee and each Noteholder, Noteholder by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor or the Trust Depositor, or join in any institution against the Depositor or the Trust of, any bankruptcy bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States federal Federal or state bankruptcy or similar law in connection with any obligations relating to the Trust CertificatesCertificate, the Notes, this Agreement or any of the Basic Documents.

Appears in 1 contract

Sources: Trust Agreement (Deere John Receivables Inc)

No Petition. To the fullest extent permitted by applicable law, the The Owner Trustee, by entering into this Agreement, each Certificateholderthe Owner, by accepting a Trust the Certificate, and the Indenture Trustee and each Noteholder, Noteholder by accepting the benefits of this Agreement, hereby covenant and agree that they will not at any time institute against the Depositor Trust or the Trust Transferor, or join in any institution against the Depositor Trust or the Trust Transferor of, any bankruptcy bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Trust CertificatesCertificate, the Notes, this Agreement or any of the Basic Documents.

Appears in 1 contract

Sources: Trust Agreement (Metlife Capital Equipment Loan Trusts)