Examples of Liquidity Termination Date in a sentence
Seller may request one or more 364-day extensions of the Liquidity Termination Date then in effect by giving written notice of such request to Agent (each such notice, an “ Extension Notice”) at least 60 days prior to the Liquidity Termination Date then in effect.
If none of the events described in the foregoing clauses (i) or (ii) occurs during the Consent Period and all Consent Notices have been received, then, the Liquidity Termination Date shall be irrevocably extended until the date that is 364 days after the Liquidity Termination Date then in effect.
Several market participants who are working to pool small business loans for securitization confirm that the problems they face are market driven rather than regulatory in nature.
In accordance with the terms and conditions set forth herein, FALCON may, at its option, instruct the Agent to purchase on behalf of FALCON, or if FALCON shall decline to purchase, unless the Seller cancels such purchase in accordance with Section 1.2, the Agent shall purchase, on behalf of the Investors, Receivable Interests from time to time in an aggregate amount not to exceed the Purchase Limit during the period from the date hereof to but not including the Liquidity Termination Date.
If any Financial Institution fails to deliver such notice on or prior to the date that is 5 Business Days prior to the Liquidity Termination Date, such Financial Institution will be deemed to have declined to renew its Commitment (each Financial Institution which has declined or has been deemed to have declined to renew its Commitment hereunder, a "Non-Renewing Financial Institution").