Common use of Liquidation Date Clause in Contracts

Liquidation Date. Subject to the following clause 11.2, at any time following the occurrence of an Event of Default in relation to a party, then the other party (the “Non­Defaulting Party”) may, by notice to the party in default (the “Defaulting Party”), specify a date (the “Liquidation Date”) for the termination and liqui­ dation of Netting Transactions in accordance with this clause.

Appears in 3 contracts

Samples: Eligible Counterparty Agreement, Eligible Counterparty Agreement, Eligible Counterparty Agreement

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Liquidation Date. Subject to the following clause 11.2Clause 13.3, at any time following the occurrence of an Event of Default in relation to a partyDefault, then the other party (the “Non­Defaulting Party”) Non- Defaulting Party may, by notice to the party in default (the “Defaulting Party”), specify a date (the “Liquidation Date”) for the termination and liqui­ dation liquidation of Netting Transactions in accordance with this clauseClause 13.

Appears in 3 contracts

Samples: Terms of Business, Terms of Business, Terms of Business

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