Liquidated Assets definition
Examples of Liquidated Assets in a sentence
See "Description of the Notes -- Losses on Liquidated Assets" in this prospectus supplement.
If the value of the Liquidated Assets is less than the value of the Liquidated Liabilities, the Company shall pay to NTI the amount of the deficiency within thirty (30) days following delivery of the Liquidation Certificate.
If the value of the Liquidated Assets exceeds the value of the Liquidated Liabilities by more than US$25,000, NTI shall pay to the Company the amount in excess of US$25,000 within thirty (30) days following delivery of the Liquidation Certificate.
Transfer, convey and assign to Subordinated Lender all the Hypothetically Liquidated Assets, subject to the Senior Loan Documents and all liens arising thereunder, in exchange for payment by Subordinated Lender of an amount equal to the Hypothetical Distribution that Borrower would receive if the Hypothetically Liquidated Assets were liquidated at a cash liquidation price equal to the Hypothetical Value and the proceeds distributed pursuant to the Waterfall (the "Borrower Buyout Option").
If the value of the Liquidated Assets is equal to the value of the Liquidated Liabilities or the value of the Liquidated Assets does not exceed the value of the Liquidated Liabilities by more than US$25,000, there will be no adjustment to the purchase price and the Parties will have no further liability with regards to this Section 2(h).
We refer you to "Description of the Notes -- Priority of Payments, "and " -- Losses on Liquidated Assets" for a more detailed description of the calculation of interest payable on each class.