INITIATION OF LIQUIDATION. Unless stayed by judicial or statutory process, a Liquidation shall be initiated by the Administrative Agent within a commercially reasonable time following Acceleration of Liabilities on account of the Revolving Credit.
Appears in 6 contracts
Samples: Loan and Security Agreement (Retail Ventures Inc), Loan and Security Agreement (DSW Inc.), Loan and Security Agreement (DSW Inc.)
INITIATION OF LIQUIDATION. Unless stayed by judicial or statutory process, a Liquidation shall be initiated by the Administrative Agent within a commercially reasonable time following Acceleration of Liabilities on account of the Revolving CreditLiabilities.
Appears in 4 contracts
Samples: Loan and Security Agreement (RoomStore, Inc.), Loan and Security Agreement (Wild Oats Markets Inc), Loan and Security Agreement (Lechters Inc)
INITIATION OF LIQUIDATION. Unless stayed by judicial or statutory process, a Liquidation shall may (and upon the direction of the Majority Lenders, shall) be initiated by the Administrative Agent within a commercially reasonable time following Acceleration of the Liabilities on account pursuant to Agent's receipt of the Revolving Creditan Acceleration Notice under Section 14.4.
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INITIATION OF LIQUIDATION. Unless stayed by judicial or statutory process, a Liquidation shall may (and upon the direction of the Majority Lenders, shall) be initiated by the Administrative Agent within a commercially reasonable time following Acceleration of the Liabilities on account pursuant to Agent's receipt of the Revolving Credit.an Acceleration Notice under Section 14.4. 14.6
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