Common use of No Petition Clause in Contracts

No Petition. Each party 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 Secured Obligations, including all Exchange Notes, and any other Securities, (b) all securities issued by the Depositor or by a trust for which the Depositor was a depositor or (c) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against, (i) either Titling Company or either Holding Company, (ii) the Depositor or (iii) the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.4 will survive the termination of this Agreement.

Appears in 69 contracts

Samples: Titling Company Account Control Agreement (Ford Credit Auto Lease Trust 2024-A), Account Control Agreement (Ford Credit Auto Lease Trust 2024-A), Titling Company Account Control Agreement (Ford Credit Auto Lease Trust 2024-A)

AutoNDA by SimpleDocs

No Petition. Each party of the parties 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 Secured Obligations, including all Exchange Notes, and any other Securities, (b) all securities issued by the Depositor or by a trust for which the Depositor was a depositor or (c) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against, (i) either Titling Company or either Holding Company, (ii) the Depositor or (iii) the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.4 6.2 will survive the termination of this Agreement.

Appears in 36 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2024-A), Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2024-A), Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2023-B)

No Petition. Each party 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 Secured Obligations, including all Exchange Notes, and any other Securities, (b) all securities issued by the Depositor or by a trust for which the Depositor was a depositor or (c) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against, (i) either Titling Company or either Holding Company, (ii) the Depositor or (iii) the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.4 5.2 will survive the termination of this Agreement.

Appears in 35 contracts

Samples: Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2024-A), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2024-A), Exchange Note Sale Agreement (Ford Credit Auto Lease Trust 2023-B)

No Petition. Each party 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 Secured Obligations, including all Exchange Notes, and any other Securities, (b) all securities issued by the Depositor or by a trust for which the Depositor was a depositor or (c) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against, (i) either Titling Company or either Holding Company, (ii) the Depositor or (iii) the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.4 7.1 will survive the termination of this AgreementSupplement.

Appears in 34 contracts

Samples: Servicing Agreement (CAB East LLC), Servicing Agreement (Ford Credit Auto Lease Trust 2024-A), Servicing Agreement (Ford Credit Auto Lease Trust 2024-A)

AutoNDA by SimpleDocs

No Petition. Each party 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 Secured Obligations, including all Exchange Notes, and any other Securities, (b) all securities issued by the Depositor or by a trust for which the Depositor was a depositor or (c) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against, (i) either Titling Company or either Holding Company, (ii) the Depositor or (iii) the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.4 4.4 will survive the termination of this Agreement.

Appears in 34 contracts

Samples: Administration Agreement (Ford Credit Auto Lease Trust 2024-A), Administration Agreement (Ford Credit Auto Lease Trust 2024-A), Administration Agreement (Ford Credit Auto Lease Trust 2023-B)

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