Examples of Liquidation Agent in a sentence
A reasonable amount of time shall be allowed for the orderly liquidation of the assets of the Partnership and the discharge of liabilities to creditors so as to enable the Liquidation Agent to minimize the losses attendant upon such liquidation.
A reasonable amount of time shall be allowed for the orderly liquidation of the assets of the Company and the discharge of liabilities to creditors so as to enable the Liquidation Agent to minimize the losses attendant upon such liquidation.
The Liquidation Agent shall cause the Partnership to pay all debts, obligations and liabilities of the Partnership and all costs of liquidation, and the Partnership assets remaining after such payments shall be distributed amongst the Partners in accordance with the provisions of Clause 6.
The Supplemental Trust Deed in respect of a series of Secured Securities may specify a Liquidation Agent and/or Settlement Agent where appropriate and each party so specified will have the rights and obligations of a Liquidation Agent or Settlement Agent, respectively, in respect of the relevant Series of Secured Securities, as if specified as a party in such capacity herein.
MBFL (or, in default, the Guarantor, where applicable) shall pay to any Liquidation Agent such fees as may be agreed between MBFL, the Guarantor (where applicable) and such Liquidation Agent in respect of its services hereunder (plus any applicable value added tax, against delivery of a valid tax invoice).