Common use of Liquidation Period Clause in Contracts

Liquidation Period. The period commencing on the date on which a Liquidation Event has occurred or is continuing and the Agents shall have notified Seller and the Master Servicer in writing that the Liquidation Period has commenced, and ending on the Final Payout Date; provided, hereunder, upon the occurrence of a Liquidation Event described in Section 10.1(e), the Liquidation Period shall commence automatically.

Liquidation Period. The period commencing on the date on which a Liquidation Event has occurred or is continuing and the Agents Administrative Agent shall have notified Seller and the Master Servicer in writing that the Liquidation Period has commenced, and ending on the Final Payout Date; providedPROVIDED, hereunderHEREUNDER, upon the occurrence of a Liquidation Event described in Section SECTION 10.1(e), the Liquidation Period shall commence automatically.

Liquidation Period. The period commencing on the earlier of (i) the Funding Termination Date and (ii) the date on which a Liquidation Event has occurred or is continuing and the Agents Administrative Agent, at the direction of any Agent, shall have notified Seller and the Master Servicer in writing writing, pursuant to Section 10.2(a), that the Liquidation Period has commenced, and ending on the Final Payout Date; provided, hereunderhowever, upon the occurrence of a Liquidation Event described in Section 10.1(e), the Liquidation Period shall commence automatically.