Examples of Liquidity Trigger Event in a sentence
The occurrence of each Event of Default, each Potential Event of Default, each Termination Event and each Liquidity Trigger Event, by a statement of the president, executive vice president, chief executive officer or chief financial officer of such GWG Party.
In the event that a Liquidity Trigger Event has occurred, Borrower shall also deliver as part of the Loan Request (a) the specific items for which such advance is requested and the amount thereof, (b) an identification of where such requested items fit within the waterfall set forth in §7.23(d), and (c) evidence satisfactory to the Agent that all other items of higher priority set forth in the waterfall in §7.23(d) have been paid for the month to which such requested advance relates.
The Agent shall not be deemed to have knowledge of any Event of Default, Master Servicer Default, Termination Event, or Liquidity Trigger Event or any event which, with the giving of notice or the passage of time, or both, would constitute an Event of Default, Master Servicer Default, Termination Event or Liquidity Trigger Event, unless the Agent has received notice from the Borrower, the Master Servicer or a Secured Party.
H-1*This TOP supersedes TOP 10-2-022A, dated 6 January 2014.Distribution Statement A: Approved for public release; distribution unlimited.
For purposes of clarity, and by way of example, if a Liquidity Trigger Event shall occur on April 15, 2007, the first Liquidity Trigger Period shall be from April 15, 2007 through and including July 14, 2007, during which time all financial covenants above must be complied with by Borrowers.