Common use of No Petition Covenants Clause in Contracts

No Petition Covenants. Notwithstanding any prior termination of this Agreement, the Servicer and the Seller shall not, prior to the date which is one year and one day after the final distribution with respect to the Securities to the Note Distribution Account or the Certificate Distribution Account, as applicable, 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 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.

No Petition Covenants. Notwithstanding any prior termination of this Agreement, the Servicer and the Seller shall not, prior to the date which is one year and one day after the final distribution with respect to the Securities Notes and the Certificates to the Note Distribution Account or the Certificate Distribution Account, as applicable, 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 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.

No Petition Covenants. Notwithstanding any prior termination of this Agreement, the Servicer and the Seller Depositor shall not, prior to the date which is one year and one day after the final distribution with respect to the Securities to any of the Note Distribution Account or the Certificate Distribution Account, as applicableAccounts, acquiesce, petition or otherwise invoke or cause the Issuer Issuing Entity to invoke the process of any court or government governmental authority for the purpose of commencing or sustaining a case against the Issuer Issuing Entity 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 Issuing Entity or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the IssuerIssuing Entity.

No Petition Covenants. Notwithstanding any prior termination of this Agreement, each of the Servicer and the Seller parties to this Agreement shall not, prior to the date which is one year and one day (or such longer preference period as shall then be in effect) after the final distribution with respect to the Securities to the Note Distribution Account or the Certificate Distribution Account, as applicableNotes, 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 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.

No Petition Covenants. Notwithstanding any prior termination of this Agreement, the Servicer Trans Leasing and the Seller TLFC shall not, prior to the date which is one year and one day after the final distribution with respect to the Securities to Notes and the Note Distribution Account or Trust Certificate (each as defined in the Certificate Distribution Account, as applicablePooling and Servicing Agreement), acquiesce, petition or otherwise invoke or cause the Issuer (as defined in Pooling and Servicing Agreement) to invoke the process of any court or government authority for the purpose of commencing or sustaining 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.