Liquidation Event of Default definition

Liquidation Event of Default means, so long as such event or condition continues, any of the following: (a) any event or condition with respect to RCFC or a Lessee of the type described in Section 8.1(d) of the Base Indenture, (b) a payment default by RCFC under the Base Indenture as specified in Sections 8.1(a) and 8.1(b) thereof, or (c) a Lease Event of Default as specified in Section 8.1(e) thereof (with respect solely to the occurrence of the Lease Events of Default described in Sections 17.1.1(i), 17.1.2 and 17.1.5 under the Master Lease).
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Liquidation Event of Default means, so long as such event or condition continues, any of the following: (a) any Lease Payment Default, (b) an Event of Bankruptcy with respect to Hertz, Hertz Vehicles LLC, HGI or HVF or (c) an Operating Lease Event of Default in respect of a breach by the Lessor (or the Lessee on its behalf) of its agreements set forth in Section 18(a) of the HVF Lease.
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Liquidation Event of Default has the meaning given to it in the applicable Series Supplement.
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Examples of Liquidation Event of Default in a sentence

  • If the Issuer is unable to recover such cash in full from the Account Bank’s estate, if a Liquidation Event of Default has occurred, it may not have sufficient assets to redeem the Bonds in full.

  • The Trustee agrees to notify the Surety Provider promptly following any exercise of rights or remedies available to it as a result of the occurrence of any Amortization Event or a Series 2006-1 Limited Liquidation Event of Default.

  • Any delay in notification of such Liquidation Event of Default by the Issuer or the Bond Trustee will delay the occurrence of the Notice Date and the commencement of the Realisation Period which will also delay the Realisation Redemption Date of the Bonds.

  • Limited Liquidation Event of Default or Liquidation Event of Default.

  • An extension has been granted to the six who did not renew, as several had extenuating circumstances.


More Definitions of Liquidation Event of Default

Liquidation Event of Default means, so long as such event or condition continues, any of the following: (a) any Amortization Event under Section 8.1(d) of the Base Indenture, (b) any Amortization Event under Section 8.1(a) or 8.1(b) of the Base Indenture, or (c) any Amortization Event resulting from a Lease Event of Default as specified in Section 8.1(e) of the Base Indenture (with respect solely to the occurrence of the Lease Events of Default pursuant to Sections 17.1.1(i), 17.1.2 and 17.1.5 under the Master Lease).
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Liquidation Event of Default means, so long as such event or condition continues, any of the following: (a) any Amortization Event under Section 8.1(d) of the Base Indenture, (b) any Amortization Event under Section 8.1(a) or 8.1(b) of the Base Indenture, or
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Liquidation Event of Default means, so long as such event or condition continues, any of the following: (a) any Lease Payment Default or (b) an Event of Bankruptcy with respect to Hertz Vehicles LLC, HGI or HVIF and (y) after the Emergence Date, an Event of Bankruptcy with respect to Hertz.
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Liquidation Event of Default means the occurrence of any one of the following:
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Liquidation Event of Default means a Liquidation Event of Default (as defined in the Base Indenture) with respect to the Group I Series of Notes.
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Liquidation Event of Default means, with respect to any Series of Notes, so long as such event or condition continues, any of the following: (a) any Lease Payment Default or (b) an Event of Bankruptcy with respect to Zipcar or ZVF.
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Liquidation Event of Default means (a) any event or condition with respect to DTFC or the type described in Section 9.1.6 of the Liquidity Agreement, (b) any event or condition with respect to DTFC pursuant to Section 9.1.1(b) of the Liquidity Agreement (but only if so declared with respect to each Series 1998-1 Note by Liquidity Lenders evidencing commitments exceeding 75% of the aggregate liquidity commitment in respect of the Series 1998-1 Notes) or (c) any "Liquidation Event of Default", as defined in the Series 1998-1
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