Liquidation Procedures definition

Liquidation Procedures has the meaning ascribed thereto in Section 6 below.

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Liquidation Procedures means, with respect to the liquidation of any item of Collateral, and unless otherwise agreed to in writing between Citigroup and the Collateral Manager, Citigroup shall not later than 15 days after the Termination Date: (i) obtain at least two bids from leading dealers in leveraged loans, at least one of which is not an Affiliate of Citigroup (such dealers, “Market Makers”) to purchase such Collateral, (ii) notify the Collateral Manager of all such bids and (iii) sell such Collateral to (A) the Market Maker providing the highest bid price, (B) in the event that each Market Maker solicited provides an identical bid, to any such Market Maker selected by Citigroup or (C) Citigroup, if Citigroup offers to purchase such Collateral at a purchase price equal to or greater than the highest bid obtained by Citigroup from a Market Maker for such Collateral; provided that, notwithstanding clause (A), (B) or (C) above, if the Collateral Manager offers to purchase such Collateral at a purchase price equal to or greater than the highest bid obtained by Citigroup from a Market Maker for such Collateral, Citigroup shall sell such item of Collateral to the Collateral Manager; provided, further, that, following a Termination Date that is not a Closing Date, the Collateral Manager shall have the right to purchase all or any portion of the Collateral not related to Block Trades at such Collateral’s (or portion thereof) acquisition price within 10 Business Days following the Termination Date if the aggregate Net Realized Losses and Net Hedging Losses with respect to all items of Collateral not related to Block Trades do not exceed $8,000,000. However, if the Collateral Manager elects to purchase only a portion of such Collateral not related to Block Trades, the Collateral Manager can only do so if the aggregate Net Realized Losses and Net Hedging Losses with respect to all items of Collateral not related to Block Trades do not exceed $8,000,000.

Liquidation Procedures means in respect of any Note or Series of Notes, the procedures that must be followed by the Selling Party for the purpose of realising the Series Assets relating to such Note or Series of Notes as described in Condition 4.3 (Liquidation Procedure).

Examples of Liquidation Procedures in a sentence

• The liquidation committee shall value and liquidate the Company’s assets in accordance with the Foreign Investment Enterprises Liquidation Procedures and other applicable Chinese law and regulations and the principles set out herein.

• Any amount payable to Taberna by MLI or to MLI by Taberna under this Section 5 shall be paid on (i) if the Closing Data occurs prior to the Termination Data, the Closing Data and (ii) otherwise, the last date on which any Collateral Debt Security is sold pursuant to the Liquidation Procedures (and in any event no later than the date 30 days after the Termination Date).

• Any amount payable to Taberna by Bear ▇▇▇▇▇▇▇ or to Bear ▇▇▇▇▇▇▇ by Taberna under this Section 5 shall be paid on (i) if the Purchase Date occurs prior to the Termination Date, the Purchase Date and (ii) otherwise, the last date on which any Capital Securities are sold pursuant to the Liquidation Procedures (and in any event no later than the date 30 days after the Termination Date).

• If the Termination Date occurs pursuant to clause (ii) of the definition thereof, CFPI in its sole discretion may arrange for the Issuer to sell any Portfolio Obligation in the secondary market (and CFPI shall in connection with making such arrangement determine the terms and conditions of any such sale; provided that such sale shall occur in accordance with the Liquidation Procedures).

• The JVC shall form a liquidation committee in accordance with the provisions of the Measures on Liquidation Procedures for Foreign Investment Enterprises.

• Section 9.1 Causes of Dissolution and Termination 52 Section 9.2 Voluntary Dissolution 52 Section 9.3 Involuntary Dissolution 52 Section 9.4 Reformation of Company 52 Section 9.5 Liquidation Procedures 52 Portions herein identified by [*****] have been omitted pursuant to a request for confidential treatment under Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

• Pending such appointment, FSA will direct the Administrator in the management of the GIC Business on behalf of the GIC Issuers in a commercially reasonable and prudent manner, subject to the Liquidation Procedures and substantially in accordance with the Investment Objectives and the ALM Procedures.

• The liquidation committee shall value and liquidate the Company's assets in accordance with the Foreign Investment Enterprises Liquidation Procedures and other applicable Chinese law and regulations and the principles set out herein.

More Definitions of Liquidation Procedures

Liquidation Procedures means in respect of any Note or Series of Notthees,procedures

Liquidation Procedures means, in the event the Sale Transaction is not consummated by the Outside Date, such procedures filed by the Wind-Down Debtor identifying the mechanics and procedures to effectuate the Liquidation Transaction.

Liquidation Procedures has the meaning specified in Section 5.2(d).

Liquidation Procedures means the procedure under which the Calculation Agent solicits firm, actionable bids from at least three dealers active in the relevant credit market (and, for the avoidance of doubt, Deutsche Bank AG London Branch (or any