Liquidation Period definition

Liquidation Period has the meaning set forth in Section 10.6 of this Agreement.

Liquidation Period has the meaning set forth in Section 14.7.

Liquidation Period means the period commencing on the date on which the Administrative Agent notifies the Seller and the Servicer that any condition precedent to Purchases and Reinvestments set forth in Section 5.3 is not satisfied (or expressly waived by each Purchaser) and that the Liquidation Period has commenced, and ending on the Final Payout Date.

Examples of Liquidation Period in a sentence

• In carrying out a Liquidation, the Selling Agent will act in good faith and subject as provided above will sell to or otherwise realise Fiduciary Assets at a price which it reasonably believes to be representative of the price available in the market for the sale of the Fiduciary Assets in the appropriate size taking into account the length of the Liquidation Period and the Fiduciary Assets to be sold during that Liquidation Period.

• If the Selling Agent is unable to liquidate all or part of the Fiduciary Assets within the Liquidation Period, the relevant price of such unrealised Fiduciary Assets shall be deemed to be zero.

• The Partnership expects to conduct its activities for at least six years and divide the Partnership’s life into three distinct stages: (i) the Offering Period, (ii) the Operating Period and (iii) the Liquidation Period.

• The Liquidation Period, which follows the conclusion of the Operating Period, is the period in which the Partnership will sell its assets in the ordinary course of business and will last two years, unless it is extended, at the sole discretion of the General Partner.

• However, in seeking to terminate the Fund in shareholders’ best interests the Fund may not always be compliant with its investment objective and policy or with the UCITS rules during the Liquidation Period (notably in the days immediately preceding the Effective Date) as it may be necessary to begin selling down Assets.

More Definitions of Liquidation Period

Liquidation Period means a period: (i) beginning on the earliest date of (x) an event referred to in Section 19(i) or 19(j), or (y) the cessation of any Company's business; and (ii) ending on the date on which Laurus has actually received all Obligations due and owing it under this Agreement and the Ancillary Agreements. The Liquidation Fee shall be paid on the date on which Laurus collects the applicable Account by deduction from the proceeds thereof. Each Company and Laurus acknowledge that the actual damages that would be incurred by Laurus after the occurrence of an Event of Default would be difficult to quantify and that such Company and Laurus have agreed that the fees and obligations set forth in this Section and in this Agreement would constitute fair and appropriate liquidated damages in the event of any such termination.

Liquidation Period means the period beginning on the Facility Termination Date and ending on the date thereafter when all Aggregate Unpaids have been paid in full and all Commitments have been terminated.

Liquidation Period has the meaning set forth in Section 12.7 hereof.

Liquidation Period for the Class A(2015-A) Notes that are scheduled to mature on the Expected Maturity Date means, unless an Early Redemption Event or an Event of Default for the Class A(2015-A) Notes shall have occurred prior thereto, the period commencing on the Liquidation Commencement Date and ending on the earlier to occur of (x) the payment in full of the Outstanding Dollar Principal Amount of the Class A(2015-A) Notes or (y) the occurrence of an Early Redemption Event or an Event of Default for the Class A(2015-A) Notes; provided, however, that (i) if an Excess Spread Early Redemption Cure has occurred with respect to any Excess Spread Early Redemption Event for the Class A(2015-A) Notes prior to the commencement of the Liquidation Period (and no other Early Redemption Event or Event of Default for the Class A(2015-A) Notes has occurred), the Liquidation Period shall be determined as if such Excess Spread Early Redemption Event had not occurred, and (ii) if the Liquidation Period has terminated in accordance with clause (y) above, due solely to the occurrence of an Excess Spread Early Redemption Event for which there has been a subsequent Excess Spread Early Redemption Cure (and no other Early Redemption Event or Event of Default has occurred), the Liquidation Period shall resume and shall continue until the earlier to occur of (x) the payment in full of the Outstanding Dollar Principal Amount of the Class A(2015-A) Notes or (y) the occurrence of a subsequent Early Redemption Event or Event of Default.

Liquidation Period means the period commencing on the Termination Date and ending on the Final Payout Date.

Liquidation Period means one or more consecutive Liquidation Days.

Liquidation Period means the period from the date on which a prepayment is made to the earliest date on which the Primary Lender's total amount of Commercial Paper related to the funding of the Disbursements can be reduced (without prepayment thereof) by an amount equal to the amount of the Shipowner's prepayment. Prepayments shall be applied to the installments of principal of the Credit Facility in the inverse order of their maturity, and, in cases where more than one Note is outstanding, pro rata to each Note.