Liquidation Date definition

Liquidation Date means (a) in the case of an event giving rise to the dissolution of the Partnership of the type described in clauses (a) and (b) of the first sentence of Section 12.2, the date on which the applicable time period during which the holders of Outstanding Units have the right to elect to continue the business of the Partnership has expired without such an election being made, and (b) in the case of any other event giving rise to the dissolution of the Partnership, the date on which such event occurs.

Liquidation Date means the date on which Debentures are to be distributed to Holders of Trust Securities in connection with a termination and liquidation of the Trust pursuant to Section 9.4(a).

Liquidation Date. With respect to any Liquidated Mortgage Loan, the date on which the Master Servicer or the related Servicer has certified that such Mortgage Loan has become a Liquidated Mortgage Loan.

Examples of Liquidation Date in a sentence

• Unless a Liquidation Date has occurred or has been effectively set, we shall not be obliged to make any payment or delivery scheduled to be made by us under a Transaction for as long as an Event of Default or any event which may become (with the passage of time, the giving of notice, the making of any determination hereunder, or any combination thereof) an Event of Default with respect to you has occurred and is continuing.

• To the extent that any margin that is Security Interest Collateral constitutes financial collateral, at any time on or after a Liquidation Date the Firm may appropriate all or any part of the margin in or towards discharge of the Secured Obligations.

• However, if "Automatic Termination" is selected in the Annex, in the case of the occurrence of any Insolvency Event in respect of the Client, the date of any such event will automatically constitute a Liquidation Date, without the need for any notice.

• The date of the occurrence of any Bankruptcy Default shall automatically constitute a Liquidation Date, without the need for any notice by us and the provisions of the following sub- clause shall then apply.

• Where the Firm determines a Liquidation Amount or Cleared Set Termination Amount, it will do so as soon as reasonably practicable after a Liquidation Date, the occurrence of a CCP Default or a Firm Trigger Event.

More Definitions of Liquidation Date

Liquidation Date means (a) in the case of an event giving rise to the dissolution of the Partnership of the type described in clauses (a) and (b) of the first sentence of Section 12.2, the date on which the applicable time period during which the holders of Outstanding Units have the right to elect to reconstitute the Partnership and continue its business has expired without such an election being made, and (b) in the case of any other event giving rise to the dissolution of the Partnership, the date on which such event occurs.

Liquidation Date means the date on which assets are to be distributed to Holders in accordance with Section 9.4(a) hereunder following dissolution of the Trust.

Liquidation Date means the date on which Junior Subordinated Notes are to be distributed to Holders of Trust Securities in connection with a dissolution and liquidation of the Trust pursuant to Section 9.04.

Liquidation Date means the date of the dissolution, winding-up or dissolution of the Issuer Trust pursuant to Section 9.4.

Liquidation Date means the date on which any event giving rise to the dissolution of the Company occurs.

Liquidation Date means the date on which Debentures are to be distributed to Holders of Trust Securities in connection with a termination and liquidation of the Trust pursuant to Section 904(a).

Liquidation Date means the date on which an event giving rise to the dissolution of the Company occurs.