Common use of Bankruptcy Petition Clause in Contracts

Bankruptcy Petition. (a) Each Originator and Buyer each hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of Blue Ridge, it will not institute against, or join any other Person in instituting against, Blue Ridge 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.

Appears in 8 contracts

Samples: Receivables Sale Agreement (Actuant Corp), Receivables Sale Agreement (Spherion Corp), Receivables Sale Agreement (Spherion Corp)

AutoNDA by SimpleDocs

Bankruptcy Petition. (a) Each Originator and Buyer each hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of Blue Ridge, it will not institute against, or join any other Person in instituting against, Blue Ridge 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.

Appears in 5 contracts

Samples: Receivables Sale Agreement (Adc Telecommunications Inc), Receivables Sale Agreement (Adc Telecommunications Inc), Receivables Sale Agreement (PPL Electric Utilities Corp)

Bankruptcy Petition. (a) Each Originator ASP and Buyer each hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of Blue Ridge, it will not institute against, or join any other Person in instituting against, Blue Ridge 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.

Appears in 1 contract

Samples: Receivables Sale and Contribution Agreement (Acuity Brands Inc)

Bankruptcy Petition. (a) Each Originator and Buyer each hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of Blue Ridge, it will not institute against, or join any other Person in instituting against, Blue Ridge 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.

Appears in 1 contract

Samples: Receivables Sale Agreement (Louisiana Pacific Corp)

Bankruptcy Petition. (a) Each Originator ALG and Buyer each hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of Blue Ridge, it will not institute against, or join any other Person in instituting against, Blue Ridge 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.

Appears in 1 contract

Samples: Receivables Sale and Contribution (Acuity Brands Inc)

Bankruptcy Petition. (a) Each Originator and the Buyer each hereby covenants covenant and agrees agree that, prior to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of Blue Ridge, it will not institute against, or join any other Person in instituting against, Blue Ridge 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.

Appears in 1 contract

Samples: Receivables Purchase and Sale Agreement (Mohawk Industries Inc)

Bankruptcy Petition. (a) Each Originator To the fullest extent permitted by law, IPFS and Buyer each hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of Blue Ridge, it will not institute against, or join any other Person in instituting against, Blue Ridge 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.

Appears in 1 contract

Samples: Receivables Sale and Contribution Agreement (International Paper Co /New/)

AutoNDA by SimpleDocs

Bankruptcy Petition. (a) Each Originator of the Existing Companies and Buyer each the Successor Companies hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of owed by Blue Ridge, it will not institute against, or join any other Person in instituting against, Blue Ridge 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.

Appears in 1 contract

Samples: National Service Industries Inc

Bankruptcy Petition. (a) Each To the fullest extent permitted by law, Originator and Buyer each hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of Blue RidgeRidge or Victory, it will not institute against, or join any other Person in instituting against, Blue Ridge or Victory 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.

Appears in 1 contract

Samples: Receivables Sale Agreement (International Paper Co /New/)

Bankruptcy Petition. (a) Each Originator Seller and Buyer each hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of Blue Ridge, it will not institute against, or join any other Person in instituting against, Blue Ridge 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.

Appears in 1 contract

Samples: Receivables Sale Agreement (Equifax Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.