Common use of Liquidation Date Clause in Contracts

Liquidation Date. Subject to the following clause 11.2, at any time following the occurrence of an Event of Default in relation to a party, then the other party (the “Non­Defaulting Party”) may, by notice to the party in default (the “Defaulting Party”), specify a date (the “Liquidation Date”) for the termination and liqui­ dation of Netting Transactions in accordance with this clause.

Liquidation Date. Subject to the following clause 11.2Clause 13.3, at any time following the occurrence of an Event of Default in relation to a partyDefault, then the other party (the “Non­Defaulting Party”) Non- Defaulting Party may, by notice to the party in default (the “Defaulting Party”), specify a date (the “Liquidation Date”) for the termination and liqui­ dation liquidation of Netting Transactions in accordance with this clauseClause 13.