Common use of INITIATION OF LIQUIDATION Clause in Contracts

INITIATION OF LIQUIDATION. Unless stayed by judicial or statutory process, a Liquidation shall be initiated by the Agent within a commercially reasonable time following Acceleration of the Revolving Credit Obligations.

Appears in 7 contracts

Samples: Loan and Security Agreement (Hastings Entertainment Inc), Loan and Security Agreement (Hastings Entertainment Inc), Loan and Security Agreement (Gander Mountain Co)

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INITIATION OF LIQUIDATION. Unless stayed by judicial or statutory process, a Liquidation shall be initiated by the Collateral Agent within a commercially reasonable time following Acceleration of the Revolving Credit ObligationsLiabilities.

Appears in 7 contracts

Samples: Term Loan and Security Agreement (Destination Xl Group, Inc.), Loan and Security Agreement (Casual Male Retail Group Inc), Loan and Security Agreement (Casual Male Retail Group Inc)

INITIATION OF LIQUIDATION. Unless stayed by judicial or statutory process, a Liquidation shall be initiated by the Administrative Agent within a commercially reasonable time following Acceleration of Liabilities on account of the Revolving Credit ObligationsCredit.

Appears in 6 contracts

Samples: Loan and Security Agreement (Retail Ventures Inc), Loan and Security Agreement (DSW Inc.), Loan and Security Agreement (Retail Ventures Inc)

INITIATION OF LIQUIDATION. Unless stayed by judicial or statutory process, a Liquidation shall be initiated by the Agent within a commercially reasonable time following Acceleration of the Revolving Credit ObligationsLiabilities.

Appears in 4 contracts

Samples: Loan and Security Agreement (RoomStore, Inc.), Loan and Security Agreement (Wild Oats Markets Inc), Loan Agreement (World of Science Inc)

INITIATION OF LIQUIDATION. Unless stayed by judicial or statutory process, a Liquidation shall be initiated by the Administrative Agent within a commercially reasonable time following Acceleration acceleration of the Revolving Credit ObligationsLiabilities.

Appears in 4 contracts

Samples: Loan and Security Agreement (Shopko Stores Inc), Loan and Security Agreement (Claires Stores Inc), Loan and Security Agreement (Shopko Stores Inc)

INITIATION OF LIQUIDATION. Unless stayed by judicial or statutory process, a Liquidation shall be initiated by the Agent within a commercially reasonable time following Acceleration of the Revolving Credit Obligations.

Appears in 3 contracts

Samples: Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co)

INITIATION OF LIQUIDATION. Unless stayed by judicial or statutory process, a Liquidation shall be initiated by the Collateral Agent within a commercially reasonable time following Acceleration of the Revolving Credit ObligationsObligations and the Tranche B Loan.

Appears in 2 contracts

Samples: Loan and Security Agreement (Casual Male Retail Group Inc), Loan and Security Agreement (Designs Inc)

INITIATION OF LIQUIDATION. Unless stayed by judicial or statutory process, a Liquidation shall be initiated by the Agent within a commercially reasonable time following Acceleration of Liabilities on account of the Revolving Credit ObligationsCredit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Drugmax Inc), Loan and Security Agreement (Odd Job Stores Inc)

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INITIATION OF LIQUIDATION. Unless stayed by judicial or statutory process, a Liquidation shall may be initiated by the Agent within a commercially reasonable time following Acceleration of the Revolving Credit ObligationsLiabilities.

Appears in 1 contract

Samples: Loan and Security Agreement (RoomStore, Inc.)

INITIATION OF LIQUIDATION. Unless stayed by judicial or statutory process, a Liquidation shall be initiated by the Collateral Agent within a commercially reasonable time following Acceleration of the Revolving Credit ObligationsObligations and the Term Loan Debt.

Appears in 1 contract

Samples: Loan and Security Agreement (Baker J Inc)

INITIATION OF LIQUIDATION. Unless stayed by judicial or statutory process, subject to the provisions of the Borrowing Orders, a Liquidation shall be initiated by the Administrative Agent within a commercially reasonable time following Acceleration of the Revolving Credit Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Jacobson Stores Inc)

INITIATION OF LIQUIDATION. Unless stayed by judicial or statutory process, a Liquidation shall be initiated by the Administrative Agent within a commercially reasonable time 112 following Acceleration of Liabilities on account of the Revolving Credit ObligationsCredit.

Appears in 1 contract

Samples: Loan and Security Agreement (Value City Department Stores Inc /Oh)

INITIATION OF LIQUIDATION. Unless stayed by judicial or statutory process, a Liquidation shall be initiated by the Collateral Agent within a commercially reasonable time following Acceleration of the amounts due under the Revolving Credit ObligationsCredit.

Appears in 1 contract

Samples: Loan Agreement (Natural Wonders Inc)

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