Common use of Exercise of Certain Rights Clause in Contracts

Exercise of Certain Rights. No Dealer shall, until the expiry of one year and one day after all sums outstanding and owing by the Issuer (whether contingently or otherwise) under the Transaction Documents have been paid or discharged in full, institute any corporate action or other steps or legal proceedings for the winding- up, dissolution or reorganisation or for the appointment of a receiver, administrator, administrative receiver, trustee, liquidator, sequestrate or similar officer of the LLP or of any or all of the LLP revenues and assets or analogous proceedings in any jurisdictions.