Nonpetition. None of the parties hereto shall file any involuntary petition or otherwise institute any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding under any federal or State bankruptcy or similar law against the Issuer or the Seller.
Appears in 2 contracts
Sources: Backup Servicing Agreement (Santander Drive Auto Receivables Trust 2007-1), Backup Servicing Agreement (Santander Drive Auto Receivables LLC)
Nonpetition. None of the parties hereto shall file any involuntary petition or otherwise institute any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding under any federal or State state bankruptcy or similar law against the Issuer or Trusts (as defined in the Seller.Servicing Agreements),
Appears in 1 contract
Sources: Servicing Transfer Agreement (White River Capital Inc)