Liquidity Event of Default definition

Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes or (b) an American Bankruptcy Event.

Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes (provided that, with respect to the period prior to the Delivery Period Expiry Date, such Equipment Notes have an aggregate outstanding principal balance in excess of the amount specified in item 3 on Schedule A) or (b) a Continental Bankruptcy Event.

Examples of Liquidity Event of Default in a sentence

• The following statement shall be true on and as of the Effective Date: no event has occurred and is continuing, or would result from the entering into of this Agreement or the making of any Advance, which constitutes a Liquidity Event of Default.

• Liquidity Event of Default Delivery Period threshold: $400,000,000.

• Upon repayment to the Liquidity Provider in full of the amount of any Interest Advance made pursuant to this Section 2.02(a), together with accrued interest thereon (as provided herein), the Maximum Commitment shall be reinstated by the amount of such repaid Interest Advance; provided, however, that the Maximum Commitment shall not be so reinstated at any time if (i) a Liquidity Event of Default shall have occurred and be continuing and (ii) there is a Performing Note Deficiency.

• Upon reimbursement in full of the Interest Drawings, together with any accrued interest thereon, under any Liquidity Facility, the Maximum Available Commitment under such Liquidity Facility will be reinstated to the then Required Amount of such Liquidity Facility; provided that the amount will not be so reinstated if (i) a Liquidity Event of Default has occurred and is continuing and (ii) less than 65% of the aggregate outstanding principal amount of all Equipment Notes are Performing Equipment Notes.

• On and as of the Effective Date no event shall have occurred and be continuing, or would result from the entering into of this Agreement or the making of any Advance, which constitutes a Liquidity Event of Default.

More Definitions of Liquidity Event of Default

Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes or (b) a Delta Bankruptcy Event.

Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes (provided that, with respect to the period prior to the Delivery Period Expiry Date, such Equipment Notes have an aggregate outstanding principal balance in excess of $300,000,000) or (b) a Continental Bankruptcy Event.

Liquidity Event of Default means the occurrence of the following: all of the Equipment Notes shall have been either declared to be immediately due and payable or shall not have been paid at their final maturity. A Liquidity Event of Default shall not occur upon an automatic acceleration of the Equipment Notes as a result of an America West Bankruptcy Event.

Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes (PROVIDED that, with respect to the period prior to the Delivery Period Expiry Date, such Equipment Notes have an aggregate outstanding principal balance in excess of $200,000,000) or (b) a Continental Bankruptcy Event.

Liquidity Event of Default means the occurrence of the following: (i) all of the Equipment Notes shall have been either declared to be immediately due and payable or shall not have been paid at their final maturity; PROVIDED that, if an acceleration of the Equipment Notes occurs during the Delivery Period, a Liquidity Event of Default shall occur only if the aggregate principal amount of the Equipment Notes exceeds $300 million, or (ii) a Northwest Bankruptcy Event.

Liquidity Event of Default has the meaning given to it in clause 15.1.

Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes (provided that, with respect to the