Optional Liquidation. Upon the occurrence of a Liquidation Event (other than a Liquidation Event described in Section 10.01(e)), the Administrator shall, at the request, or may with the consent, of Transferee, by notice to Transferor declare the Termination Date to have occurred and the Liquidation Period to have commenced.
Appears in 2 contracts
Sources: Asset Interest Transfer Agreement (Westpoint Stevens Inc), Asset Interest Transfer Agreement (Westpoint Stevens Inc)