Common use of Agreement Not to Commence Bankruptcy Proceeding Clause in Contracts

Agreement Not to Commence Bankruptcy Proceeding. The Subordinate Lender agrees that during the term of this Agreement it will not commence, or join with any other creditor in commencing any bankruptcy reorganization, arrangement, insolvency or liquidation proceedings with respect to the Borrower, without the Senior Lender’s prior written consent.

Agreement Not to Commence Bankruptcy Proceeding. The Subordinate Junior Lender agrees that during the term of this Agreement it will not commence, or join with any other creditor in commencing commencing, any bankruptcy reorganization, arrangement, insolvency or liquidation proceedings with respect to the Borrower, without the Senior Lender’s prior written consent.