Common use of Liquidation Period Clause in Contracts

Liquidation Period. (1) Subject to the earlier commencement of an Amortization Period with respect to the Series 2023-1 Ownership Interest, the Revolving Period for the Series 2023-1 Ownership Interest will end and the Liquidation Period for the Series 2023-1 Ownership Interest will begin on the Liquidation Commencement Day. The Liquidation Period will end on the earlier of (a) the first Determination Day when the Invested Amount with respect to the Series 2023-1 Ownership Interest is reduced to zero and (b) the Amortization Commencement Day for the Series 2023-1 Ownership Interest.

Appears in 1 contract

Samples: Purchase Agreement

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Liquidation Period. (1) Subject to the earlier commencement of an Amortization Period with respect to the Series 20232020-1 Ownership Interest, the Revolving Period for the Series 20232020-1 Ownership Interest will end and the Liquidation Period for the Series 20232020-1 Ownership Interest will begin on the Liquidation Commencement Day. The Liquidation Period will end on the earlier of (a) the first Determination Day when the Invested Amount with respect to the Series 20232020-1 Ownership Interest is reduced to zero and (b) the Amortization Commencement Day for the Series 20232020-1 Ownership Interest.

Appears in 1 contract

Samples: Purchase Agreement

Liquidation Period. (1) Subject to the earlier commencement of an Amortization Period with respect to the Series 20232024-1 Ownership Interest, the Revolving Period for the Series 20232024-1 Ownership Interest will end and the Liquidation Period for the Series 20232024-1 Ownership Interest will begin on the Liquidation Commencement Day. The Liquidation Period will end on the earlier of (a) the first Determination Day when the Invested Amount with respect to the Series 20232024-1 Ownership Interest is reduced to zero and (b) the Amortization Commencement Day for the Series 20232024-1 Ownership Interest.

Appears in 1 contract

Samples: Purchase Agreement

Liquidation Period. (1) Subject to the earlier commencement of an Amortization Period with respect to the Series 20232019-1 Ownership Interest, the Revolving Period for the Series 20232019-1 Ownership Interest will end and the Liquidation Period for the Series 20232019-1 Ownership Interest will begin on the Liquidation Commencement Day. The Liquidation Period will end on the earlier of (a) the first Determination Day when the Invested Amount with respect to the Series 20232019-1 Ownership Interest is reduced to zero and (b) the Amortization Commencement Day for the Series 20232019-1 Ownership Interest.

Appears in 1 contract

Samples: Purchase Agreement

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Liquidation Period. (1) Subject to the earlier commencement of an Amortization Period with respect to the Series 20232022-1 Ownership Interest, the Revolving Period for the Series 20232022-1 Ownership Interest will end and the Liquidation Period for the Series 20232022-1 Ownership Interest will begin on the Liquidation Commencement Day. The Liquidation Period will end on the earlier of (a) the first Determination Day when the Invested Amount with respect to the Series 20232022-1 Ownership Interest is reduced to zero and (b) the Amortization Commencement Day for the Series 20232022-1 Ownership Interest.1

Appears in 1 contract

Samples: Purchase Agreement

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