Common use of Voluntary Petitions Clause in Contracts

Voluntary Petitions. Cause the Seller to file a voluntary petition under the U.S. Bankruptcy Code or any other bankruptcy or insolvency laws so long as the Seller is not “insolvent” within the meaning of the U.S. Bankruptcy Code, and unless, and only unless, such filing has been authorized in accordance with the Seller’s Constituent Documents.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Equistar Chemicals Lp), Receivables Purchase Agreement (Lyondell Chemical Co), Receivables Purchase Agreement (Lyondell Chemical Co)

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Voluntary Petitions. Cause the Seller Buyer to file a voluntary petition under the U.S. Bankruptcy Code or any other bankruptcy or insolvency laws so long as the Seller Buyer is not “insolvent” within the meaning of the U.S. Bankruptcy Code, and unless, and only unless, such filing has been authorized in accordance with the SellerBuyer’s Constituent Documentscharter and by-laws.

Appears in 2 contracts

Samples: Receivables Sale Agreement (Polyone Corp), Receivables Sale Agreement (Polyone Corp)

Voluntary Petitions. Cause the Seller Buyer to file a voluntary petition under the U.S. Bankruptcy Code or take any similar steps under any other bankruptcy or insolvency laws so long as the Seller Buyer is not “insolvent” within the meaning of the U.S. Bankruptcy Code, Code and unless, and only unless, such filing has been authorized in accordance with the SellerBuyer’s Constituent Documentsarticles and by-laws.

Appears in 2 contracts

Samples: Canadian Receivables Sale Agreement (Polyone Corp), Canadian Receivables Sale Agreement (Polyone Corp)

Voluntary Petitions. Cause the Seller Buyer to file a voluntary petition under the U.S. Bankruptcy Code or any other bankruptcy or insolvency laws so long as the Seller Buyer is not "insolvent" within the meaning of the U.S. Bankruptcy Code, and unless, and only unless, such filing has been authorized in accordance with the Seller’s Buyer's Constituent Documents.

Appears in 1 contract

Samples: Receivables Contribution and Sale Agreement (Crown Cork & Seal Co Inc)

Voluntary Petitions. Cause the Seller to file a voluntary petition under the U.S. Bankruptcy Code or any other bankruptcy or insolvency laws so long as the Seller is not “insolvent” insolvent within the meaning of the U.S. Bankruptcy Code, and unless, and only unless, such filing has been authorized in accordance with the Seller’s Constituent Sellers Organization Documents.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lyondell Chemical Co)

Voluntary Petitions. Cause the Seller Buyer to file a voluntary petition under the U.S. Bankruptcy Code or any other bankruptcy or insolvency laws so long as the Seller Buyer is not “insolvent” within the meaning of the U.S. Bankruptcy Code, and unless, and only unless, such filing has been authorized in accordance with the SellerBuyer’s Constituent Organization Documents.

Appears in 1 contract

Samples: Receivables Sale Agreement (Equistar Chemicals Lp)

Voluntary Petitions. Cause the Seller to file a voluntary petition under the U.S. Bankruptcy Code or any other bankruptcy or insolvency laws so long as the Seller is not “insolvent” within the meaning of the U.S. Bankruptcy Code, and unless, and only unless, such filing has been authorized in accordance with the Seller’s Constituent Documents.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Chemtura CORP)

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Voluntary Petitions. Cause the Seller Buyer to file a voluntary petition under the U.S. Bankruptcy Code or any other bankruptcy or insolvency laws so long as the Seller Buyer is not “insolvent” within the meaning of the U.S. Bankruptcy Code, and unless, and only unless, such filing has been authorized in accordance with the SellerBuyer’s Constituent Documents.

Appears in 1 contract

Samples: Receivables Sale Agreement (Chemtura CORP)

Voluntary Petitions. Cause the Seller to file a voluntary petition under the U.S. Bankruptcy Code or any other bankruptcy or insolvency laws so long as the Seller is not “insolvent” within the meaning of the U.S. Bankruptcy Code, and unless, and only unless, such filing has been authorized in accordance with the Seller’s Constituent Organization Documents.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Fidelity National Information Services, Inc.)

Voluntary Petitions. Cause the Seller Buyer to file a voluntary petition under the U.S. Bankruptcy Code or any other bankruptcy or insolvency laws so long as the Seller Buyer is not “insolvent” within the meaning of the U.S. Bankruptcy Code, and unless, and only unless, such filing has been authorized in accordance with the SellerBuyer’s Constituent Documentscertificate or articles of incorporation and bylaws.

Appears in 1 contract

Samples: Receivables Contribution and Sale Agreement (Crown Holdings Inc)

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