Common use of Nonpetition Covenant Clause in Contracts

Nonpetition Covenant. Notwithstanding any prior termination of this Administration Agreement, the Administrator covenants that it shall not, prior to the date which is one year and one day after payment in full of the Recovery Bonds, acquiesce, petition or otherwise invoke or cause the Issuer to invoke the process of any court or government authority for the purpose of commencing or sustaining an involuntary case against the Issuer under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer.

Appears in 18 contracts

Samples: Administration Agreement (PG&E Recovery Funding LLC), Administration Agreement (SCE Recovery Funding LLC), Administration Agreement (PG&E Wildfire Recovery Funding LLC)

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Nonpetition Covenant. Notwithstanding any prior termination of this Administration Agreement, the Administrator covenants that it shall not, prior to the date which that is one year and one day after payment in full of the all Storm Recovery Bonds, acquiesce, petition or otherwise invoke or cause the Issuer to invoke the process of any court or government authority for the purpose of commencing or sustaining an involuntary case against the Issuer under any U.S. federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, property or ordering the winding up or liquidation of the affairs of the Issuer.

Appears in 8 contracts

Samples: Administration Agreement (Duke Energy Carolinas NC Storm Funding LLC), Administration Agreement (Duke Energy Progress NC Storm Funding LLC), Administration Agreement (Duke Energy Progress NC Storm Funding LLC)

Nonpetition Covenant. Notwithstanding any prior termination of this Administration Agreement, the Administrator covenants that it shall not, prior to the date which is one year and one day after payment in full of the Recovery Transition Bonds, acquiesce, petition or otherwise invoke or cause the Issuer to invoke the process of any court or government authority for the purpose of commencing or sustaining an involuntary a case against the Issuer under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer.

Appears in 8 contracts

Samples: Administration Agreement (Aep Texas Central Co), Administration Agreement (Centerpoint Energy Houston Electric LLC), Administration Agreement (Aep Texas Central Co)

Nonpetition Covenant. Notwithstanding any prior termination of this Administration Agreement, the Administrator covenants that it shall not, prior to the date which is one year and one day after payment in full of the Recovery Transition Bonds, acquiesce, petition or otherwise invoke or cause the Issuer to invoke the process of any court or government authority for the purpose of commencing or sustaining an involuntary case against the Issuer under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer.

Appears in 6 contracts

Samples: Administration Agreement (Entergy Gulf States Reconstruction Funding I, LLC), Administration Agreement (AEP Transition Funding III LLC), Administration Agreement (Entergy Texas Restoration Funding, LLC)

Nonpetition Covenant. Notwithstanding any prior termination of this Administration Agreement, the Administrator covenants that it shall not, prior to the date which is one year and one day after payment in full of the Recovery System Restoration Bonds, acquiesce, petition or otherwise invoke or cause the Issuer to invoke the process of any court or government authority for the purpose of commencing or sustaining an involuntary case against the Issuer under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer.

Appears in 6 contracts

Samples: Administration Agreement (AEP Texas Restoration Funding LLC), Administration Agreement (Entergy Texas, Inc.), Administration Agreement (Entergy Texas, Inc.)

Nonpetition Covenant. Notwithstanding any prior termination of this Administration Agreement, the Administrator covenants that it shall not, prior to the date which is one year and one day after payment in full of the Storm Recovery Bonds, acquiesce, petition or otherwise invoke or cause the Issuer to invoke the process of any court or government authority for the purpose of commencing or sustaining an involuntary case against the Issuer under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer.

Appears in 5 contracts

Samples: Administration Agreement (Entergy Arkansas Restoration Funding, LLC), Administration Agreement (Entergy Arkansas Restoration Funding, LLC), Administration Agreement (Entergy New Orleans Storm Recovery Funding I, L.L.C.)

Nonpetition Covenant. Notwithstanding any prior termination of this Administration Agreement, the Administrator covenants that it shall not, prior to the date which is one year and one day after payment in full of the Recovery Environmental Trust Bonds, acquiesce, petition or otherwise invoke or cause the Issuer to invoke the process of any court or government authority for the purpose of commencing or sustaining an involuntary case against the Issuer under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, property or ordering the winding up or liquidation of the affairs of the Issuer.

Appears in 3 contracts

Samples: Administration Agreement (WEPCo Environmental Trust Finance I, LLC), Administration Agreement (WEPCo Environmental Trust Finance I, LLC), Administration Agreement (WEPCo Environmental Trust Finance I, LLC)

Nonpetition Covenant. Notwithstanding any prior termination of this Administration Agreement, the Administrator covenants that it shall not, prior to the date which is one year and one day after payment in full of the Storm Recovery Bonds, acquiesce, petition or otherwise invoke or cause the Issuer to invoke the process of any court or government authority for the purpose of commencing or sustaining an involuntary case against the Issuer under any U.S. federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer.

Appears in 3 contracts

Samples: Administration Agreement (Cleco Power LLC), Administration Agreement (Cleco Power LLC), Administration Agreement (Cleco Power LLC)

Nonpetition Covenant. Notwithstanding any prior termination of this Administration Agreement, the Administrator covenants that it shall not, prior to the date which that is one year and one day after payment in full of the all Nuclear Asset-Recovery Bonds, acquiesce, petition or otherwise invoke or cause the Issuer to invoke the process of any court or government authority for the purpose of commencing or sustaining an involuntary case against the Issuer under any U.S. federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, property or ordering the winding up or liquidation of the affairs of the Issuer.

Appears in 3 contracts

Samples: Administration Agreement (Duke Energy Florida, Llc.), Administration Agreement (Duke Energy Florida, Llc.), Administration Agreement (Duke Energy Florida, Llc.)

Nonpetition Covenant. Notwithstanding any prior termination of this Administration Agreement, the Administrator covenants that it shall not, prior to the date which is one year and one day after payment in full of the Investment Recovery Bonds, acquiesce, petition or otherwise invoke or cause the Issuer to invoke the process of any court or government authority for the purpose of commencing or sustaining an involuntary case against the Issuer under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer.

Appears in 2 contracts

Samples: Administration Agreement (Entergy Louisiana Investment Recovery Funding I, L.L.C.), Administration Agreement (Entergy Louisiana Investment Recovery Funding I, L.L.C.)

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Nonpetition Covenant. Notwithstanding any prior termination of this Administration Agreement, the Administrator covenants that it shall not, prior to the date which is one year and one day after payment in full of the Recovery Bondstransition bonds of all series, acquiesce, petition or otherwise invoke or cause the Issuer to invoke the process of any court or government authority for the purpose of commencing or sustaining an involuntary a case against the Issuer under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer.

Appears in 2 contracts

Samples: Administration Agreement (Oncor Electric Delivery Transition Bond Co LLC), Administration Agreement (Oncor Electric Delivery Transition Bond Co LLC)

Nonpetition Covenant. Notwithstanding any prior termination of this Administration -------------------- Agreement, the Administrator covenants that it shall not, prior to the date which is one year and one day after payment in full of the Recovery Transition Bonds, acquiesce, petition or otherwise invoke or cause the Issuer to invoke the process of any court or government authority for the purpose of commencing or sustaining an involuntary a case against the Issuer under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer.

Appears in 1 contract

Samples: Administration Agreement (Reliant Energy Transition Bond Co LLC)

Nonpetition Covenant. Notwithstanding any prior termination of this Administration Agreement, the Administrator covenants that it shall not, prior to the date which is one year and one day after payment in full of the Recovery Transition Bonds, acquiesce, petition or otherwise invoke or cause the Issuer to invoke the process of any court or government authority for the purpose of commencing or sustaining an involuntary a case against the Issuer under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trusteeTrustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer.

Appears in 1 contract

Samples: Administration Agreement (Reliant Energy Transition Bond Co LLC)

Nonpetition Covenant. Notwithstanding any prior termination of this Administration Agreement, the Administrator covenants that it Servicer and Seller shall not, prior to the date which is one year and one day after payment in full the termination of the Recovery Bondsthis Agreement with respect to Issuer, acquiesce, petition or otherwise invoke or cause the Issuer to invoke the process of any court or government authority for the purpose of commencing SALE AND SERVICING AGREEMENT or sustaining an involuntary a case against the Issuer under any federal Federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Key Consumer Acceptance Corp)

Nonpetition Covenant. Notwithstanding any prior termination of this Administration Agreement, the Administrator covenants that it shall not, prior to the date which is one year and one day after payment in full of the Storm Recovery Bonds, acquiesce, petition or otherwise invoke or cause the Issuer to invoke the process of any court or government authority for the purpose of commencing or sustaining an involuntary a case against the Issuer under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer.

Appears in 1 contract

Samples: Administration Agreement (Cleco Katrina/Rita Hurricane Recovery Funding LLC)

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