Common use of No Petition Clause in Contracts

No Petition. Each of the parties, by entering into this Agreement, agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after payment in full of (a) all securities issued by the Depositor or by a trust for which the Depositor was a depositor (including, without limitation, the Issuer) or (b) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against (i) the Depositor or (ii) the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.2 will survive the termination of this Agreement.

No Petition. Each of the parties, by entering into this Agreement, parties agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after payment in full of (a) all securities issued by the Depositor or by a trust for which the Depositor was a depositor (including, without limitation, the Issuer) or (b) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against (i) the Depositor or (ii) the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.2 will survive the termination of this Agreement.

No Petition. Each of the parties, by entering into this Agreement, party agrees that, before the date that is one year two (2) years and one (1) day (or, if longer, any applicable preference period) after payment in full of (a) all securities issued by the Depositor or by a trust for which the Depositor was a depositor (including, without limitation, the Issuer) or (b) the Notesall advances owed by Verizon Master Trust, it will not start or pursue against, or join any other Person in starting or pursuing against against, (i) the Depositor or (ii) the IssuerGrantor, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar lawLaw. This Section 6.2 6.3 will survive the termination of this Agreement.

No Petition. Each of the parties, by entering into this Agreement, party hereto agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after the payment in full of (a) all securities issued by the Depositor or by a trust for which the Depositor was a depositor (including, without limitation, the Issuer) or (b) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against against, (i) the Depositor or Depositor, (ii) the IssuerIssuer or (iii) the Master Trust, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar lawLaw. This Section 6.2 5.1 will survive the termination of this Agreement.

No Petition. Each of the parties, by entering into this Agreement, agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after payment in full of (a) all securities issued by the Depositor or by a trust for which the Depositor was a depositor (including, without limitation, the Issuer) or (b) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against (i) the Depositor or (ii) the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.2 will survive the termination of this Agreement.

No Petition. Each of the parties, by entering into this Agreement, party hereto agrees that, before the date that is one year two (2) years and one (1) day (or, if longer, any applicable preference period) after the payment in full of (a) all securities issued or loans entered into by the Depositor or by a trust for which the Depositor was a depositor (including, without limitation, the Issuer) or (b) the NotesCredit Extensions, it will not start or pursue against, or join any other Person in starting or pursuing against against, (i) the Depositor or Depositor, (ii) the IssuerTrust or (iii) the Additional Transferor, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar lawLaw. This Section 6.2 5.1 will survive the termination of this Agreement.

No Petition. Each of the parties, by entering into this Agreement, party hereto agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after the payment in full of (a) all securities issued by the Depositor or by a trust for which the Depositor was a depositor (including, without limitation, the Issuer) or (b) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against against, (i) the Depositor or Depositor, (ii) the IssuerIssuer or (iii) VZMT, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar lawLaw. This Section 6.2 5.1 will survive the termination of this Agreement.

No Petition. Each of the parties, by entering into this Agreement, agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after payment in full of (a) all securities issued by the Depositor Transferor or by a trust for which the Depositor Transferor was a depositor (including, without limitation, the Issuer) or (b) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against (i) the Depositor Transferor or (ii) the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.2 9.1 will survive the termination of this Agreement.

No Petition. Each of the parties, by entering into this Agreement, agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after payment in full of (a) all securities issued by the Depositor or by a trust for which the Depositor was a depositor (including, without limitation, the Issuer) or (b) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against (i) the Depositor or (ii) the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.2 will survive the termination of this Agreement.. 14 (2020-A Asset Representations Review Agreement)

No Petition. Each of the parties, by entering into this Agreement, agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after payment in full of (a) all securities issued by the Depositor Transferor or by a trust for which the Depositor Transferor was a depositor (including, without limitation, the Issuer) or (b) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against against, (i) the Depositor Transferor or (ii) the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.2 6.02 will survive the termination of this Agreement.

No Petition. Each of the parties, by entering into this Agreement, agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after payment in full of (a) all securities issued by the Depositor or by a trust for which the Depositor was a depositor (including, without limitation, the Issuer) or (b) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against (i) the Depositor or (ii) the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.2 6.02 will survive the termination of this Agreement.

No Petition. Each of the parties, by entering into this Agreement, agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after payment in full of (a) all securities issued by the Depositor or by a trust for which Issuer Trustee as trustee of the Depositor was a depositor (including, without limitation, the Issuer) SMART ABS Series 2016-2US Trust or (b) the Notes, it will not start or pursue against, or join any other Person person in starting or pursuing against (i) the Depositor Macquarie Leasing Party Limited or (ii) the IssuerIssuer Trustee, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings Proceedings under any bankruptcy or similar law. This Section 6.2 will survive the termination of this Agreement.

No Petition. Each of the parties, by entering into this Agreement, agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after payment in full of (a) all securities issued by the Depositor or by a trust for which the Depositor was a depositor (including, without limitation, the Issuer) or (b) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against (i) the Depositor or Depositor, (ii) the IssuerIssuer or (iii) any Master Trust, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.2 will survive the termination of this Agreement.

No Petition. Each of the parties, by entering into this Agreement, agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after payment in full of (a) all securities issued by the Depositor or by a trust for which the Depositor was a depositor (including, without limitation, the Issuer) or (b) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against (i) the Depositor or (ii) the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.2 will survive the termination of this Agreement.. 14 (2022-B Asset Representations Review Agreement)

No Petition. Each of the parties, by entering into this Agreement, agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after payment in full of (a) all securities issued by the Depositor Transferor or by a trust for which the Depositor Transferor was a depositor (including, without limitation, the Issuer) or (b) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against (i) the Depositor Transferor, (ii) the Certificate Trust or (iiiii) the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.2 will survive the termination of this Agreement.

No Petition. Each of the parties, by entering into this Agreement, parties agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after payment in full of (a) all securities or Trust-Related Obligations issued by the Depositor Depositor, the Issuer or by a trust for which the Depositor was a depositor (includingor the Titling Trust, without limitation, the Issuer) or (b) the Notesas applicable, it will not start or pursue against, or join any other Person in starting or pursuing against (i) the Depositor Depositor, the Issuer or (ii) the Issuer, respectivelyTitling Trust, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.2 6.02 will survive the termination of this Agreement.

No Petition. Each of the parties, by entering into this Agreement, parties agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after payment in full of (a) all securities or Trust-Related Obligations issued by the Depositor Depositor, the Issuing Entity or by a trust for which the Depositor was a depositor (includingor the Titling Trust, without limitation, the Issuer) or (b) the Notesas applicable, it will not start or pursue against, or join any other Person in starting or pursuing against (i) the Depositor Depositor, the Issuing Entity or (ii) the Issuer, respectivelyTitling Trust, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.2 6.02 will survive the termination of this Agreement.

No Petition. Each of the parties, by entering into this Agreement, agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after payment in full of (a) all securities issued by the Depositor or by a trust for which the Depositor was a depositor (including, without limitation, the Issuer) or (b) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against (i) the Depositor or (ii) the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.2 will survive the termination of this Agreement.. 15 (2022-A Asset Representations Review Agreement)

No Petition. Each of the parties, by entering into this Agreement, parties agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after payment in full of (a) all securities issued by the Depositor Depositor, the Issuing Entity[, the Grantor Trust] or by a trust for which the Depositor was a depositor (including, without limitation, the Issuer) or (b) the Notesdepositor, it will not start or pursue against, or join any other Person in starting or pursuing against (i) the Depositor or (ii) [,][or] the IssuerIssuing Entity, respectively, [the Grantor Trust] any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.2 6.02 will survive the termination of this Agreement.

No Petition. Each of the parties, by entering into this Agreement, agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after payment in full of (a) all securities issued by the Depositor or by a trust for which the Depositor was a depositor (including, without limitation, the Issuer) or (b) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against (i) the Depositor or (ii) the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.2 will survive the termination of this Agreement.. 15 (2022-C Asset Representations Review Agreement)

No Petition. (a) Each of the parties, by entering into this Agreement, parties agrees that, before the date that is one year and one day (or, if longer, any applicable preference period) after payment in full of (a) all securities issued by the Depositor Depositor, the Issuing Entity[, the Grantor Trust] or by a trust for which either the Depositor or the Issuing Entity was a depositor (including, without limitation, the Issuer) or (b) the Notesdepositor, it will not start or pursue against, or join any other Person in starting or pursuing against (i) the Depositor Issuing Entity [or (ii) the Issuer, respectivelyGrantor Trust], any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.2 6.02 will survive the termination of this Agreement.