Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection (e) of Section 10.1, the Funding Termination Date shall occur and the Liquidation Period shall commence automatically.
Automatic Liquidation. Upon the occurrence of a Termination Event described in subsection (h) of Section 10.1, the Purchase Termination Date shall occur and the Termination Period shall commence automatically.
Automatic Liquidation. Upon the occurrence of a Liquidation Event described in SUBSECTION (E) of SECTION 10.01, the Termination Date shall occur and the Liquidation Period shall commence automatically.
Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection (e), (g), (h), (l) or (m) of Section 10.01, the Purchase Termination Date shall occur and the Liquidation Period shall commence automatically.
Automatic Liquidation. If the Client does not pay for any securities which he purchases or settle any other transaction with respect to securities by the settlement date of the purchase contract, MSSB has the right to liquidate and impose charges on any or all of these transactions without notice to the Client. MSSB may but need not exercise this right on any day after the day on which the right to liquidate first arose. MSSB will not be liable to the Client with respect to securities purchase transactions on which the customer has defaulted on for any loss suffered by the Client as result of any fall in the market price of the securities between the first day the right to liquidate arose and the day it actually sells the securities.
Automatic Liquidation. Upon the occurrence of a Termination Event described in Section 7.2(g), the Termination Date shall be deemed to have occurred automatically upon the occurrence of such Termination Event.
Automatic Liquidation. Upon the occurrence of a Servicer Default described in Section 7.1(c), the Amortization Date shall occur, the Liquidation Period shall commence automatically, the LC Issuer’s obligation to issue Letters of Credit shall automatically be terminated, and the LC Obligations shall automatically become immediately due and payable without any election or action on the part of the Administrative Agent or the LC Issuer.
Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection (f) of Section 10.01, the Commitment Termination Date shall be deemed to have occurred automatically upon the occurrence of such event; provided, however, that with respect to any proceeding instituted against Seller pursuant to 11 U.S.C. Section 303 (an "Involuntary Federal Proceeding"), the settlement procedures described in Section 3.02(a) shall become applicable upon the commencement of such Proceeding or event and no further Purchases or Reinvestments of Principal Collections shall be made.
Automatic Liquidation. Upon the occurrence of an Event of Default described in subsection (f) of Section 9.01, all outstanding Loans and all other Obligations shall automatically become immediately and automatically due and payable, all without presentment, demand, protest, or notice of any kind.
Automatic Liquidation. Upon the occurrence of a Liquidation Event described in subsection (f) of Section 10.01, the Commitment Termination Date shall be deemed to have occurred automatically upon the occurrence of such event; provided, however, that with respect to any proceeding instituted against Seller pursuant to 11 U.S.C. Section 303 (an "Involuntary Federal Proceeding"), the settlement procedures described in Section 3.03 shall become applicable upon the commencement of such Involuntary Federal Proceeding or event and no further Purchases or Reinvestments of Collections shall be made; and provided, further, that if such Involuntary Federal Proceeding is dismissed within 60 days after its commencement, and if no other Liquidation Event has occurred, then following such dismissal, the Commitment shall be reinstated as if the Commitment Termination Date had not occurred upon the commencement of such Involuntary Federal Proceeding.
