Right to Liquidate. It is understood that either party’s right to liquidate Purchased Mortgage Loans delivered to it in connection with Transactions hereunder or to terminate or accelerate obligations under this Agreement or any individual Transaction, are contractual rights for same as described in Sections 555 and 559 of the Bankruptcy Code.
Right to Liquidate. At any time after the occurrence of one or more of the events described in the third paragraph of Section G, Financial Responsibility, the other party to the Agreement (the “Liquidating Party”) shall have the right, at its sole discretion, to liquidate this Agreement by terminating this Agreement. Upon termination, the parties shall have no further rights or obligations with respect to this Agreement, except for the payment of the amount(s) (the “Settlement Amount” or “Settlement Amounts”) determined as provided in Paragraph (3) of this section.
Right to Liquidate. The Parties acknowledge and agree that Buyer’s right to liquidate Purchased Assets delivered to it in connection with Transactions hereunder or to exercise any other remedies pursuant to Articles 10 and 11 and as otherwise provided in the Repurchase Documents is a contractual right to liquidate such Transactions as described in Section 555, 559 and 561 of the Bankruptcy Code.
Right to Liquidate. We retain the right to automatically close and liquidate your Leveraged Positions to provide you with the benefit of the Negative Balance Protection and the Guaranteed Stop Loss Measures (“Right To Liquidate”). You hereby acknowledge, understand, and agree that we shall have absolute discretion when exercising our Right To Liquidate.
Right to Liquidate. Upon the occurrence of an Unusual Event referred to in paragraphs 15.1.1, 15.1.2 or 15.1.3, the Investors will be entitled, upon written notice to H Power, to forthwith proceed with the winding-up, dissolution or liquidation of the Corporation, the whole in accordance with Section 2 of the Articles of Incorporation of the Corporation. Upon the occurrence of an Unusual Event referred to in paragraphs 15.1.4 or 15.1.5, the Investors shall give notice of such Unusual Event to H Power, setting forth in reasonable detail the nature of such Unusual Event. H Power will have thirty (30) days from the date of its receipt of the said notice to give the Investors notice (the "Contesting Notice") that it contests the occurrence of such Unusual Event, in which event the matter shall be definitively settled by arbitration in accordance with subsection 19.1 hereof. In the event that (i) the arbitrator rules in favour of the Investors or (ii) H Power fails to send the Contesting Notice to the Investors within the said thirty (30) day period, then the Investors will be entitled to forthwith proceed with the winding-up, dissolution or liquidation of the Corporation, the whole in accordance with Section 2 of the Articles of Incorporation of the Corporation. Upon such winding-up, dissolution or liquidation of the Corporation, the License Agreement shall be terminated.
Right to Liquidate. At any time after the occurrence of an Event of Default, the other Party to this Agreement (the 'Liquidating Party') shall have the right, at its sole discretion, to liquidate this Agreement by terminating this Agreement in accordance with this Section H. Upon any termination of this Agreement, neither Party shall have any prospective obligations under this Agreement except as otherwise specifically set forth herein and provided that nothing herein shall relieve any Party from any obligations (including any obligations for breach of contract, payment, indemnity and defense) incurred or accrued prior to such termination, which shall survive in accordance with the survival provisions of this Agreement."
Right to Liquidate. 63 14.20 Insured Depository Institution ......................................................................................... 63 14.21 Netting Contract ............................................................................................................... 63 14.22
Right to Liquidate. It is understood that Buyer’s right to liquidate the Purchased Assets and the related Underlying Assets and Residual Collateral delivered to it in connection with Transactions hereunder or to terminate or accelerate obligations under this Agreement or any individual Transaction, are contractual rights for same as described in Sections 555 and 559 of the Bankruptcy Code.
Right to Liquidate. Shall be deleted in its entirety and replaced with the following:
Right to Liquidate. Upon the occurrence of an Unusual Event referred to in paragraphs 20.1.1 or 20.1.2, the Investors, if they collectively own at least fifty percent (50 %) of the issued and outstanding Common Shares, will be entitled, upon written notice to Compositech, to forthwith proceed with the winding-up, dissolution or liquidation of the Corporation, the whole in accordance with Section 2 of the Articles of Incorporation. Upon the occurrence of an Unusual Event referred to in paragraphs 20.1.3, 20.1.4, 20.1.5, 20.1.6, 20.1.7, 20.1.8, 20.1.9 or 20.1.10, the Investors shall give notice of such Unusual Event to Compositech, setting forth in reasonable detail the nature of such Unusual Event. Compositech will have thirty (30) days from the date of its receipt of the said notice to give the Investors notice (the "Contesting Notice") that it contests the occurrence of such Unusual Event, in which event the matter shall be definitively settled by arbitration in accordance with subsection 24.1 hereof. In the event that (i) the arbitrator rules in favour of the Investors or (ii) Compositech fails to send the Contesting Notice to the Investors within the said thirty (30) day period, then the Investors, if they collectively own at least fifty percent (50 %) of the issued and outstanding Common Shares, will be entitled to forthwith proceed with the winding-up, dissolution or liquidation of the Corporation, the whole in accordance with Section 2 of the Articles of Incorporation.
