Examples of Liquidation Day in a sentence

On the Liquidation Day of a Receivable Interest and on each day thereafter, the Servicer shall set aside and hold in trust for (a) the holder of such Receivable Interest, the percentage evidenced by such Receivable Interest of Collections received on such day, and (b) for the Seller, all remaining Collections.
Thereafter until the Termination Date for such Eligible Asset, such Eligible Asset shall be automatically recomputed as of the close of business of the Collection Agent on each day (other than a Liquidation Day).
On each Liquidation Day and on each Provisional Liquidation Day during each Settlement Period for each Funding Tranche, the Collection Agent shall set aside and hold in trust for the Owners that hold the relevant Funding Tranches the Collections of Pool Receivables received on such day.
Thereafter, until its Liquidation Day, each Receivable Interest shall be automatically recomputed (or deemed to be recomputed) on each day prior to its Liquidation Day.
Thereafter until the Amortization Date for such Receivable Interest, such Receivable Interest shall be automatically recomputed (or deemed to be recomputed) on each day other than a Liquidation Day.

More Definitions of Liquidation Day

Liquidation Day means, for any Receivable Interest, each Business Day that occurs on or after the Termination Date.

Liquidation Day means, for any Receivable Interest, the earliest to occur of (i) any Business Day so designated by the Agent or any Managing Agent on or at any time following any day on which the conditions precedent set forth in Section 4.2 are not satisfied, (ii) any Business Day so designated by the Seller, the Agent or any Managing Agent after the occurrence of a Termination Event and (iii) the Business Day immediately prior to the occurrence of a Termination Event set forth in Section 7.1(c).

Liquidation Day means, for any Receivable Interest, each day which occurs on or after the Termination Date.

Liquidation Day for any Eligible Asset means either (i) each day during any Settlement Period for such Eligible Asset on which the conditions set forth in Section 3.02 are not satisfied (or such failure of conditions is not waived by the Agent), or (ii) each day which occurs on or after the Termination Date for such Eligible Asset.

Liquidation Day means each day which occurs on or after (i) the date designated in a notice given by the Buyer to the Seller stating that the conditions contained in Section 4.03 hereof are not satisfied, (ii) the Expiration Date, (iii) the date on which a Termination Event occurs and is continuing, or (iv) the date on which the Seller gives written notice to the Buyer that it no longer wishes to sell interests in the Receivables Pool to the Buyer or permit Reinvestments to be made; provided, however, there shall be no Liquidation Day after the Net Investment shall equal zero.

Liquidation Day for any Undivided Interest means any of (i) each day which occurs on or after the date designated by the Agent to Seller to be the "Liquidation Commencement Date", provided such date is designated on at least one Business Day's notice during a time when any of the conditions set forth in Section 5.02 are not satisfied, (ii) each day which occurs on or after the Commitment Termination Date for such Undivided Interest, or (iii) each day which occurs thirty days after Seller shall have given written notice to the Agent that Seller no longer wishes to sell undivided interests in the Receivables Pool to the Agent, for the benefit of Purchaser. There shall be no Liquidation Day for any Undivided Interest after it shall equal zero.

Liquidation Day means, for any Receivable Interest, the earliest to occur of (i) the day on which the conditions precedent set forth in Section 4.2 are not satisfied, (ii) any Business Day so designated by the Seller or Falcon after the occurrence of the Termination Date and (iii) the Business Day immediately prior to the occurrence of a Servicer Default set forth in Section 7.1(d).