Common use of Non-petition Clause Clause in Contracts

Non-petition Clause. The Trustee and the Insurer hereby covenant and each Holder or beneficial owner of any Note, by accepting such Note or any interest therein, shall be deemed to covenant, to the fullest extent permitted by law, that it will not at any time prior to foreclosure on all of the Collateral, liquidation of all of the Collateral and application of the moneys so collected pursuant to Section 6.05 hereof, institute against the Company, or join in any institution against the Company of, any bankruptcy, reorganization, arrangement, insolvency, rehabilitation, conservation or liquidation proceedings, or any other proceedings under any United States federal or state, or any other, bankruptcy, insolvency or similar law in connection with any obligations relating to this Indenture, the Notes, the Insurance Agreement or any agreement relating hereto or thereto.

Non-petition Clause. The Trustee and the Insurer hereby covenant and each Holder or beneficial owner of any Note, by accepting such Note or any interest therein, shall be deemed to covenant, to the fullest extent permitted by law, that it will not at any time prior to foreclosure on all of the Collateral, liquidation of all of the Collateral and application of the moneys so collected pursuant to Section 6.05 hereof, institute against the Company, or join in any institution against the Company of, any bankruptcy, reorganization, arrangement, insolvency, rehabilitation, conservation or liquidation proceedings, or any other proceedings under any United States federal or state, or any other, bankruptcy, insolvency or similar law in connection with any obligations relating to this Indenture, the Notes, the Insurance Agreement or any agreement relating hereto or thereto.. Table of Contents ARTICLE TWO