Liquidity Event of Default definition

Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes or (b) an American Bankruptcy Event.

Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes (provided that, with respect to the period prior to the Delivery Period Expiry Date, such Equipment Notes have an aggregate outstanding principal balance in excess of the amount specified in item 3 on Schedule A) or (b) a Continental Bankruptcy Event.

Examples of Liquidity Event of Default in a sentence

• Upon repayment to the Liquidity Provider in full of the amount of any Interest Advance made pursuant to this Section 2.02(a), together with accrued interest thereon (as provided herein), the Maximum Commitment shall be reinstated by the amount of such repaid Interest Advance; provided, however, that the Maximum Commitment shall not be so reinstated at any time if (i) a Liquidity Event of Default shall have occurred and be continuing and (ii) there is a Performing Note Deficiency.

• Liquidity Event of Default Delivery Period threshold: $400,000,000.

• Upon repayment to the Liquidity Provider in full of the amount of any Interest Advance made pursuant to this Section 2.02(a), together with accrued interest thereon (as provided herein), the Maximum Commitment shall be reinstated by the amount of such repaid Interest Advance; provided, however, that the Maximum Commitment shall not be so reinstated at any -------- ------- time if (i) a Liquidity Event of Default shall have occurred and be continuing and (ii) there is a Performing Note Deficiency.

• The following statement shall be true on and as of the Effective Date: no event has occurred and is continuing, or would result from the entering into of this Agreement or the making of any Advance, which constitutes a Liquidity Event of Default.

• For all purposes of this Agreement, in the absence of actual knowledge on the part of a Responsible Officer, the Subordination Agent shall not be deemed to have knowledge of any Indenture Default, Performing Note Deficiency, Liquidity Event of Default or Triggering Event unless notified in writing by one or more Trustees, one or more Liquidity Providers or one or more Certificateholders.

More Definitions of Liquidity Event of Default

Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes (provided that, with respect to the period prior to the Delivery Period Expiry Date, such Equipment Notes have an aggregate outstanding principal balance in excess of $300,000,000) or (b) a Continental Bankruptcy Event.

Liquidity Event of Default means the occurrence of the following: all of the Equipment Notes shall have been either declared to be immediately due and payable or shall not have been paid at their final maturity. A Liquidity Event of Default shall not occur upon an automatic acceleration of the Equipment Notes as a result of an America West Bankruptcy Event.

Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes or (b) a Delta Bankruptcy Event.

Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes or (b) a Continental Bankruptcy Event.

Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes (provided that, with respect to the period prior to the Delivery Period Termination Date, the aggregate principal balance of such Equipment Notes is in excess of $550 million) or (b) an American Bankruptcy Event.

Liquidity Event of Default means the occurrence of the following: (i) all of the Equipment Notes shall have been either declared to be immediately due and payable or shall not have been paid at their final maturity; PROVIDED that, if an acceleration of the Equipment Notes occurs during the Delivery Period, a Liquidity Event of Default shall occur only if the aggregate principal amount of the Equipment Notes exceeds $300 million, or (ii) a Northwest Bankruptcy Event.

Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes (provided that, with respect to the