NO LIQUID MARKET Sample Clauses

NO LIQUID MARKET. At any time during the Required Period the Agent may issue a written notice (the "No Liquid Market Notice") to the Authority setting out the reasons why the Agent does not believe that a Liquid Market exists. On or before the date falling fourteen (14) Business Days after the date on which a No Liquid Market Notice is received by the Authority, the Authority shall notify the Agent of its opinion as to whether or not a Liquid Market exists. Where the Authority believes that a Liquid Market does exist, such notice shall set out the reasons for the Authority's belief. If the parties do not agree whether or not a Liquid Market exists, then either party may refer the dispute to be determined in accordance with paragraph 17 (Disputes) below. If the parties agree or it is determined in accordance with Clause 56 (Dispute Resolution Procedure) of the Design Build Finance and Maintain Agreement that no Liquid Market exists, the Design Build Finance and Maintain Agreement shall automatically terminate and the provisions of paragraph 4 (No Retendering Procedure) of Section 2 (Compensation for Project Co Default) of Schedule Part 17 (Compensation on Termination) to the Design Build Finance and Maintain Agreement (No Retendering) shall apply. If any dispute relating to this paragraph 4 (No Liquid Market) is determined pursuant to paragraph 17, the Required Period shall be extended by the period of time spent determining such dispute pursuant to paragraph 17. Subject to paragraph 5.2 and without prejudice to the Agent's rights under the Security Documents, the Agent may give the Authority a Step-In Notice at any time: during which a Project Co Event of Default or an Enforcement Event8 is subsisting (whether or not a Termination Notice has been served); or during the Required Period. The Agent shall give the Authority not less than 5 Business Days prior notice of: its intention to issue a Step-In Notice; and the identity of the proposed Appointed Representative. On the issue of the Step-In Notice, the Appointed Representative shall assume jointly with Project Co the rights of Project Co under the Authority Project Documents and thereafter, until the end of the Step-In Period the Authority shall deal with the Appointed Representative and not Project Co.
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NO LIQUID MARKET. At any time during the Required Period the Facility Agent may issue a written notice (the "No Liquid Market Notice") to the Authority setting out the reasons why the Facility Agent does not believe that a Liquid Market exists. On or before the date falling fourteen (14) days after the date on which a No Liquid Market Notice is received by the Authority, the Authority shall notify the Facility Agent of its opinion as to whether or not a Liquid Market exists. Where the Authority believes that a Liquid Market does exist, such notice shall set out the reasons for the Authority's belief. If the Parties do not agree whether or not a Liquid Market exists, then any Party may refer the dispute to be determined in accordance with paragraph 20 (Dispute Resolution). If the Parties agree or it is determined in accordance with paragraph 20 (Dispute Resolution) that no Liquid Market exists, the Contract shall automatically terminate and the provisions of paragraph 3 (No Retendering Procedure) of Part 3 (Compensation on Termination for Contractor Default) of Schedule Part 17 of the Contract shall apply. If any dispute relating to this paragraph 4 is determined under paragraph 20 (Dispute Resolution), the Required Period shall be extended by the period of time spent determining such dispute pursuant to such paragraph. Without prejudice to the rights of the Facility Agent or Security Trustee under the Security Documents, at any time: during which an Event of Default is subsisting (whether or not a Termination Notice has been served); or during the Required Period; the Facility Agent or Security Trustee may procure that a Representative assumes, jointly and severally with the Contractor, all of the Contractor's rights under the Ancillary Documents. The Facility Agent or Security Trustee (as appropriate) shall give the Authority five (5) Business Days’ prior written notice of any action to be taken by it referred to in this paragraph 5.
Sample 1
NO LIQUID MARKET. 4.1 At any time during the Required Period the Agent may issue a written notice (the “No Liquid Market Notice”) to the Authority setting out the reasons why the Agent does not believe that a Liquid Market exists. 4.2 On or before the date falling ten (10) Business Days after the date on which a No Liquid Market Notice is received by the Authority, the Authority shall notify the Agent of its opinion as to whether or not a Liquid Market exists. Where the Authority believes that a Liquid Market does exist, such notice shall set out the reasons for the Authority’s belief. If the parties do not agree whether or not a Liquid Market exists, then either party may refer the dispute to be determined in accordance with clause 82 (Dispute Resolution) of the Contract. 4.3 If the parties agree or it is determined in accordance with clause 82 (Dispute Resolution) of the Contract that no Liquid Market exists, the Contract shall automatically terminate forthwith and the provisions of clause 80.5.4 (No Retendering) of the Contract shall apply. 4.4 If any dispute relating to this Clause 4 is determined under clause 82 (Dispute Resolution) of the Contract, the Required Period shall be extended by the period of time spent determining such dispute under clause 82 (Dispute Resolution) of the Contract.
Sample 1
NO LIQUID MARKET. ‌ (a) At any time during a Termination Notice Period, but not more than once during any one Termination Notice Period, the Agent may issue a written notice (the “No Liquid Market Notice”) to the Province’s Representative setting out the reasons why the Agent does not believe that a Liquid Market exists. (b) On or before the date that is 14 days after the date on which a No Liquid Market Notice is received by the Province, the Province shall notify the Agent of its opinion as to whether or not a Liquid Market exists. Where the Province believes that a Liquid Market does exist, such notice shall set out the reasons for the Province’s belief. If, within 14 days after delivery by the Province of a notice stating the Province’s belief that a Liquid Market does exist, the Province and the Agent do not agree whether or not a Liquid Market exists, then either the Province or the Agent may refer the dispute to be determined in accordance with the Dispute Resolution Procedure. (c) If the Province and the Agent agree or it is determined in accordance with the Dispute Resolution Procedure that no Liquid Market exists, the Concession Agreement shall automatically terminate and the provisions of Part 5 [Estimated Fair Value] of Schedule 13 [Compensation on Termination] of the Concession Agreement shall apply. (d) If any dispute relating to this Section 3.10 is to be determined under the Dispute Resolution Procedure, the Termination Notice Period shall be extended by the period of time spent determining such dispute under the Dispute Resolution Procedure. (e) If the Province notifies the Agent of a termination of the Concession Agreement in accordance with Section 4.9 [Termination of Concession Agreement during Step-In Period] of this Agreement, and if the Agent has not previously issued a No Liquid Market Notice, the Agent may within 15 Business Days after its receipt of such notice of termination issue a No Liquid Market Notice, and the provisions of Section 3.10(b), (c) and (d) shall apply mutatis mutandis.
Sample 1
NO LIQUID MARKET. At any time during the Required Period the Agent may issue a written notice (the "No Liquid Market Notice") to the Council setting out the reasons why the Agent does not believe that a Liquid Market exists.‌
Sample 1
NO LIQUID MARKET. 4.1 If at any time during a Required Period the Security Trustee believes that no Liquid Market exists, the Security Trustee may issue a written notice (the "No Liquid Market Notice") to TfL setting out same, including reasons. 4.2 On or before the date falling ten (10) Working Days after the date on which a No Liquid Market Notice is received by TfL, TfL shall notify the Security Trustee of its opinion as to whether or not a Liquid Market exists, and where TfL believes that a Liquid Market does exist, such notice shall set out the reasons for TfL's belief. 4.3 Following the issue of a notice under clause 4.2: (a) if the Parties do not agree whether or not a Liquid Market exists, then any Party may refer the dispute to be determined in accordance with clause 13 (Dispute Resolution); and (b) the Parties agree or it is determined in accordance with clause 13 (Dispute Resolution) that no Liquid Market exists and the Project Agreement is subsequently terminated the provisions of paragraph 3 (No Retendering Procedure) of Part 2 (Compensation on Termination for Project Co Default) of Schedule 27 (Compensation on Termination) of the Project Agreement shall apply in relation to such termination. 4.4 If any dispute relating to this clause 4 (No Liquid Market) is determined under clause 13 (Dispute Resolution), the relevant Required Period shall be extended by the period of time spent determining such dispute pursuant to such clause.
Sample 1
NO LIQUID MARKET. 3.6.1 At any time during the Required Period the Agent may issue a written notice (the “No Liquid Market Notice”) to the Province setting out the reasons why the Agent does not believe that a Liquid Market exists. 3.6.2 On or before the date falling 14 days after the date on which a No Liquid Market Notice is received by the Province, the Province will notify the Agent of its opinion as to whether or not a Liquid Market exists. Where the Province believes that a Liquid Market does exist, such notice will set out the reasons for the Province’s belief. If the Province and the Agent do not agree whether or not a Liquid Market exists, then either the Province or the Agent may refer the dispute to be determined in accordance with Section 52 [Disputes Resolution Procedure] of the Concession Agreement. 3.6.3 If the Province and the Agent agree or it is determined in accordance with Section 52 [Disputes Resolution Procedure] of the Concession Agreement that no Liquid Market exists, the Concession Agreement will automatically terminate and the provisions of Section 44.2.4 [No Rebidding Procedure] of the Concession Agreement will apply. 3.6.4 If any dispute relating to this Section 3.6 [No Liquid Market] is determined under Section 52 [Disputes Resolution Procedure] of the Concession Agreement, the Required Period will be extended by the period of time spent determining such dispute under Section 52 [Disputes Resolution Procedure] of the Concession Agreement.
Sample 1
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NO LIQUID MARKET. 4.1 At any time during the Required Period the Agent may issue a written notice (the “No Liquid Market Notice”) to the Authority setting out the reasons why the Agent does not believe that a Liquid Market exists. 4.2 On or before the date falling fourteen (14) days after the date on which a No Liquid Market Notice is received by the Authority, the Authority shall notify the Agent of its opinion as to whether or not a Liquid Market exists. Where the Authority believes that a Liquid Market does exist, such notice shall set out the reasons for the Authority’s belief. If the Parties do not agree whether or not a Liquid Market exists, then any Party may refer the dispute to be determined in accordance with clause 20 (Dispute Resolution). 4.3 If the Parties agree or it is determined in accordance with clause 20 (Dispute Resolution) that no Liquid Market exists, the Project Agreement shall automatically terminate and the provisions of clause 37.3 (No Retendering Procedure) of the Project Agreement shall apply. 4.4 If any dispute relating to this clause 4 (No Liquid Market) is determined under clause 20 (Dispute Resolution), the Required Period shall be extended by the period of time spent determining such dispute pursuant to such clause.
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Related to NO LIQUID MARKET

  • No Public Market The Purchaser understands that no public market now exists for the Shares, and that the Company has made no assurances that a public market will ever exist for the Shares.

  • Holidays Falling on Saturday or Sunday ‌ For an employee whose workweek is from Monday to Friday, and when any of the above-noted holidays falls on a Saturday and is not proclaimed as being observed on some other day, the following Monday shall be deemed to be the holiday for the purpose of this agreement; when a holiday falls on a Sunday and it is not proclaimed as being observed on some other day, the following Monday (or Tuesday, where the preceding section already applies to the Monday), shall be deemed to be the holiday for the purpose of this agreement.

  • Shares Listed on Trading Market The Shares shall have been listed and admitted and authorized for trading on the Trading Market, and satisfactory evidence of such actions shall have been provided to the Manager.

  • Union Bulletin Board The Employer shall provide wherever possible a bulletin board for the exclusive use of the Union, the sites to be determined by mutual agreement. The use of such bulletin board facilities shall be exclusive to the Union. In other cases management will grant unrestricted use of the existing bulletin boards to the Union.

  • Bulletin Board The Employer shall provide a bulletin board which shall be placed so that all employees will have access to it and upon which the Union shall have the right to post notices of regular meetings, special meetings, seminars or Union activities.

  • Holiday Falling on Saturday or Sunday For an employee whose normal workweek is from Monday to Friday and when any of the above-noted holidays falls on a Saturday and is not proclaimed as being observed on another day, the following Monday will be deemed to be the holiday. When a holiday falls on a Sunday and it is not proclaimed as being observed on another day, the following Monday (or Tuesday, where the preceding section already applies), will be deemed to be the holiday for the purpose of this agreement.

  • Current Market Price (i) For the purpose of any computation hereunder, other than computations made pursuant to Section 11(a)(iii) (Adjustment of Purchase Price; ----------------------------- Number and Kind of Shares or Number of Rights -- Certain Adjustments) the --------------------------------------------- ------------------- Current Market Price per share of Common Stock on any date shall be deemed to be the average of the daily closing prices per share of such Common Stock for the thirty (30) consecutive Trading Days immediately prior to such date, and for purposes of computations made pursuant to Section 11(a)(iii) the Current Market Price per share of Common Stock on any date shall be deemed to be the average of the daily closing prices per share of such Common Stock for the ten (10) consecutive Trading Days immediately following such date; provided, however, -------- ------- that in the event that the Current Market Price per share of the Common Stock is determined during a period following the announcement by the issuer of such Common Stock of (A) a dividend or distribution on such Common Stock payable in shares of such Common Stock or securities convertible into shares of such Common Stock (other than the Rights), or (B) any subdivision, combination or reclassification of such Common Stock and the ex-dividend date for such dividend or distribution, or the record date for such subdivision, combination or reclassification shall not have occurred prior to the commencement of the requisite thirty (30) Trading Day or ten (10) Trading Day period, as set forth above, then, and in each such case, the Current Market Price shall be properly adjusted to take into account ex-dividend trading. The closing price for each Trading Day shall be the last sale price, regular way, or, in case no such sale takes place on such Trading Day, the average of the closing bid and asked prices, regular way, in either case as reported in the principal consolidated transaction reporting system with respect to securities listed or admitted to trading on the New York Stock Exchange or, if the shares of Common Stock are not listed or admitted to trading on the New York Stock Exchange, as reported in the principal consolidated transaction reporting system with respect to securities listed on the principal national securities exchange on which the shares of Common Stock are listed or admitted to trading or, if the shares of Common Stock are not listed or admitted to trading on any national securities exchange, the last quoted price or, if not so quoted, the average of the high bid and low asked prices in the over-the-counter market, as

  • Nasdaq Stock Market The Public Securities have been authorized for listing, subject to official notice of issuance and evidence of satisfactory distribution, on The Nasdaq Stock Market (the “Nasdaq”), and the Company knows of no reason or set of facts that is likely to adversely affect such authorization.

  • Listing on the Nasdaq Capital Market The Company will use commercially reasonable efforts to maintain the listing of the Public Securities on the Nasdaq Capital Market or another national securities exchange until the earlier of five (5) years from the Effective Date or until the Public Securities are no longer registered under the Exchange Act.

  • Trading Market The Common Stock is registered pursuant to Section 12(b) of the Exchange Act and is approved for listing on The Nasdaq Capital Market (“Nasdaq”). As of the Closing Date, the Shares, the Warrant Shares and the Pre-Funded Warrant Shares will have been duly authorized for listing on Nasdaq.

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