Common use of Failure to Deliver due to Illiquidity Clause in Contracts

Failure to Deliver due to Illiquidity. If “Failure to Deliver due to Illiquidity” is specified as applying in the applicable Final Terms and in the opinion of the Calculation Agent, it is impossible or impracticable to deliver, when due, some or all of the Relevant Assets (the “Affected Relevant Assets”) comprising the Physical Delivery Amount, where such failure to deliver is due to illiquidity in the market for the Relevant Assets (a “Failure to Deliver”), then:

Appears in 3 contracts

Samples: Agency Agreement (Bank of America Corp /De/), Agency Agreement (Bank of America Corp /De/), Agency Agreement (Bank of America Corp /De/)

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Failure to Deliver due to Illiquidity. If Failure to Deliver due to Illiquidity” Illiquidity is specified as applying in the applicable Final Terms and and, in the opinion of the Calculation Agent, it is impossible or impracticable to deliver, when due, some or all of the Relevant Assets comprising the Entitlement (the “Affected Relevant Assets”) comprising the Physical Delivery Amount), where such failure to deliver is due to illiquidity in the market for the Relevant Assets (a “Failure to DeliverDeliver due to Illiquidity”), then:

Appears in 2 contracts

Samples: Supplemental Agreement (Bank of America Corp /De/), Agency Agreement (Bank of America Corp /De/)

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Failure to Deliver due to Illiquidity. If Failure to Deliver due to Illiquidity” Illiquidity is specified as applying in the applicable Final Terms and and, in the opinion of the Calculation Agent, it is impossible or impracticable to deliver, when due, some or all of the Relevant Assets comprising the Entitlement (the "Affected Relevant Assets”) comprising the Physical Delivery Amount"), where such failure to deliver is due to illiquidity in the market for the Relevant Assets (a "Failure to Deliver”Deliver due to Illiquidity"), then:

Appears in 1 contract

Samples: Supplemental Agreement (Bank of America Corp /De/)

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