Common use of Bankruptcy Petition Clause in Contracts

Bankruptcy Petition. Each party hereto hereby covenants and agrees that prior to the date which is one year and one day after the payment in full of all outstanding commercial paper notes or other indebtedness of each Conduit Purchaser, it will not institute against or join any other Person in instituting against such Conduit Purchaser any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States.

Bankruptcy Petition. Each party With respect to each Conduit, each of the other parties hereto hereby covenants and agrees that that, prior to the date which that is one year and one day after the payment in full of all outstanding commercial paper notes or other senior indebtedness of each Conduit Purchasersuch Conduit, it will not institute against against, or join any other Person in instituting against against, such Conduit Purchaser any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States.

Bankruptcy Petition. Each party hereto (a) Originator and Buyer each hereby covenants and agrees that that, prior to the date which that is one year and one day after the payment in full of all outstanding commercial paper notes or other senior indebtedness of each Conduit PurchaserConduit, it will not institute against against, or join any other Person in instituting against such Conduit Purchaser any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States.

Bankruptcy Petition. Each party of the parties hereto hereby covenants and agrees that that, prior to the date which that is one year and one day after the payment in full of all outstanding commercial paper notes or other senior indebtedness of each Conduit Purchaserany Conduit, it will not institute against against, or join any other Person in instituting against against, such Conduit Purchaser any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States. This Section 14.7 shall survive termination of this Agreement.