No Proceedings; Limitation on Payments. (a) Each of the Master Servicer, each Purchaser and each assignee of Capital or any Yield thereof or of any other Seller Obligations, hereby covenants and agrees that it will not institute against, or join any other Person in instituting against, the Seller any Insolvency Proceeding until one year and one day after the Final Payout Date.
Appears in 4 contracts
Samples: Receivables Purchase Agreement (Nabors Industries LTD), Receivables Purchase Agreement (Nabors Industries LTD), Receivables Purchase Agreement (Nabors Industries LTD)
No Proceedings; Limitation on Payments. (a) Each of the Master Servicer, the Administrative Agent, each Purchaser and each assignee of Capital or any Yield thereof or of any other Seller Obligations, hereby covenants and agrees that it will not institute against, or join any other Person in instituting against, the Seller any Insolvency Proceeding until one year and one day after the Final Payout Date.
Appears in 3 contracts
Samples: Receivables Purchase Agreement (Gray Television Inc), Receivables Purchase Agreement (Ortho Clinical Diagnostics Holdings PLC), Receivables Purchase Agreement (Wolverine World Wide Inc /De/)
No Proceedings; Limitation on Payments. (a) Each of the Master Servicer, each Purchaser and each assignee of Capital or any Yield thereof or of any other Seller Obligations, hereby covenants and agrees that it will not institute against, or join any other Person in instituting against, the Seller any Insolvency Proceeding until one year and one day after the Final Payout Date; provided, that the Administrative Agent may take any such action in its sole discretion following the occurrence of an Event of Termination.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Moog Inc.), Receivables Purchase Agreement (Moog Inc.)
No Proceedings; Limitation on Payments. (a) Each of the Administrative Agent, the Master Servicer, each Purchaser and each assignee of Capital or any Yield thereof or of any other Seller Obligations, hereby covenants and agrees that it will not institute against, or join any other Person in instituting against, the Seller any Insolvency Proceeding until one year and one day after the Final Payout Date.
Appears in 1 contract
Samples: Receivables Purchase Agreement (MSC Industrial Direct Co Inc)
No Proceedings; Limitation on Payments. (a) Each of the Master Servicer, the Administrative Agent, each Purchaser and each assignee of Capital or any Yield thereof or of any other Seller Obligations, hereby covenants and agrees that it will not institute against, or join any other Person in instituting against, the Seller any Insolvency Proceeding until one year and one day after the Final Payout Date.
Appears in 1 contract
No Proceedings; Limitation on Payments. (a) Each of the Master Servicer, each the Purchaser and each assignee of Capital or any Yield thereof thereon or of any other Seller Obligations, hereby covenants and agrees that it will not institute against, or join any other Person in instituting against, the Seller any Insolvency Proceeding until one year and one day after the Final Payout Date; provided that the Purchaser may take any such action in its sole discretion following the occurrence of an Event of Termination.
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