Common use of Liquidity Event Clause in Contracts

Liquidity Event. No later than five (5) Business Days prior to the effective date of a Liquidity Event, the Initial Borrowers shall provide Administrative Agent with notice thereof, together with a plan, acceptable to Administrative Agent in its sole but reasonable discretion, for the repayment of the Credit Facility, prior to such effective date.

Liquidity Event. No later than five twenty (520) Business Days prior to the effective date of a Liquidity Event, the Initial Borrowers shall provide Administrative Agent with notice thereofthereof (on a confidential basis), together with a plan, acceptable to Administrative Agent in its sole but reasonable discretion, for the repayment of the Credit Facility, on or prior to such effective date.