Examples of Liquidation Event in a sentence
If the Calculation Agent determines that no adjustment that it could make will produce a commercially reasonable result, then the Calculation Agent may deem such event a Liquidation Event (as defined below).
If any event is both a Reorganization Event and a Liquidation Event, such event will be treated as a Reorganization Event for purposes of this Security unless the Calculation Agent makes the determination referenced in the last sentence of the section entitled “—Anti-dilution Adjustments—Reorganization Events” above.
Any such deduction shall not constitute an Event of Default under Condition 12, a Liquidation Event under Condition 13 or an Enforcement Event under Condition 14.
The Disposal Agent need not do anything to find out if a Liquidation Event has occurred.
In accordance with the terms of the Trust Deed and Condition 4(d), following the occurrence of a Liquidation Event and delivery of a valid Liquidation Commencement Notice, the Security shall be released without further action on the part of the Trustee to the extent necessary for the Disposal Agent to effect the Liquidation of the Collateral.