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

Each of the events set out in this Clause is a Liquidity Event of Default.
The obligations of the Liquidity Facility Provider to provide a Liquidity Loan are subject to the further condition precedent that, on both the date of the Liquidity Utilisation Request and the Liquidity Utilisation Date for that Liquidity Loan, no Liquidity Event of Default is outstanding or would result from the provision of the Liquidity Loan.
The Issuer shall notify the Liquidity Facility Provider and the Security Trustee of any Event of Default or Liquidity Event of Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence.
No Liquidity Event of Default is continuing and no Event of Default is outstanding or will result from the execution of, or the performance of any transaction contemplated by, this Agreement.

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 either (a) the Acceleration of all of the Equipment Notes or (b) a Delta 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 has the meaning assigned to such term in the Liquidity Facility.

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 has the meaning given to it in clause 15.1.