Notice of Liquidation definition

Notice of Liquidation means a notice, to be filed with the Bankruptcy Court by the Debtor on or before the seventy-sixth (76th) day following the Confirmation Date, indicating the Debtor’s intention to implement the Liquidation Alternative as set forth in Section 5.02 hereof.
Sample 1
Notice of Liquidation. The meaning specified in Section 11.4 hereof, a form of which is attached hereto as Exhibit A.
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Notice of Liquidation means a notice delivered by a Senior Lender to the other Lenders stating that (i) an Event of Default has occurred and is continuing under the Senior Loan Agreement, (ii) such Senior Lender has accelerated the obligations owing to it by the Borrower under the Senior Loan Agreement, and (iii) such Senior Lender intends to commence exercising remedies with respect to the Collateral securing the obligations under the Senior Loan Agreement.
Sample 1

Examples of Notice of Liquidation in a sentence

  • Upon receipt of a Notice of Liquidation Event, the Holder shall have the right to elect to exercise this Warrant, in whole or in part, as provided for in this Section 2, notwithstanding the prohibition on exercise prior to the second anniversary of the Issuance Date set forth in Section 2(c) above.

  • The liquidation of the Reconciliation will be posted to the Bulletin Notice of Liquidation.

  • The liquidation of the Reconciliation will be posted to the Bulletin Notice of Liquidation and may be protested pursuant to 19 USC 1514.

  • Within twenty-one (21) days of filing the Notice of Liquidation, the Debtor shall, after consultation with the Committee, file a motion to establish sale procedures for substantially all of its remaining assets.

  • The Debtor, in consultation with the Committee, may at any time after filing the Notice of Liquidation, surrender any Property to the Secured Creditor(s) that have a Lien on such Property by filing an appropriate motion to abandon (a “Motion to Abandon”) such Property with the Bankruptcy Court.

  • Nothing herein shall prevent the Debtor from filing the Notice of Liquidation prior to the 76th day following the Confirmation Date in the Debtor’s discretion.

  • In the event the Debtor is not able to raise the Capital Contribution within 75 days of the Confirmation Date, then on the 76th day the Debtor shall file the Notice of Liquidation.

  • During the interim period between the Confirmation Date and the earlier of (i) the Reorganization Effective Date; and (ii) the date on which the Debtor files the Notice of Liquidation pursuant to Section 5.02 herein (the “Interim Operations Period”), Tower Bridge shall advance to the Debtor the amounts needed to fund the Debtor’s operations and Professional Fee Claims incurred by counsel for the Debtor, Dilworth Paxson LLP, during the Interim Operations Period.

  • On the date of each disbursement, the Escrow Agent shall distribute to counsel for the Parties compact discs containing images of each check received by the Escrow Agent for deposit into the Accounts during the immediately preceding month and images of each Courtesy Notice of Liquidation received by the Escrow Agent during the immediately preceding month.

  • Upon delivery of a Notice of Liquidation in the event a Liquidation Event occurs, the Administrative Agent (on behalf of the Owners) will no longer be permitted to purchase additional Eligible Loans and principal and interest payments on Eligible Loans and principal proceeds of sales and Securitizations of Eligible Loans will be used to pay the Owners.

Related to Notice of Liquidation

  • Plan of Liquidation with respect to any Person, means a plan that provides for, contemplates or the effectuation of which is preceded or accompanied by (whether or not substantially contemporaneously, in phases or otherwise): (1) the sale, lease, conveyance or other disposition of all or substantially all of the assets of such Person otherwise than as an entirety or substantially as an entirety; and (2) the distribution of all or substantially all of the proceeds of such sale, lease, conveyance or other disposition of all or substantially all of the remaining assets of such Person to holders of Equity Interests of such Person.

  • Notice of Renewal has the meaning specified in Section 2.01(b).

  • Notice of Final Distribution The notice to be provided pursuant to Section 9.02 to the effect that final distribution on any of the Certificates shall be made only upon presentation and surrender thereof.

  • Liquidation Report The report with respect to a Liquidated Mortgage Loan in such form and containing such information as is agreed to by the Servicer and the Trustee.

  • Notice of Reduction means a notice of a reduction of the Advances Outstanding pursuant to Section 2.18, in the form attached hereto as Exhibit G.

  • Notice of Revocation means, in connection with the revocation by a Beneficial Owner or its Agent Member of its Notice of Tender, a notice, substantially in the form attached to the Tender and Paying Agent Agreement, delivered by a Beneficial Owner or its Agent Member to the Tender and Paying Agent indicating an intention to revoke the tender of some or all of the VRDP Shares for sale on a Purchase Date pursuant to Section 1 of Part II of this Statement.

  • Notice of Hearing means a notice containing the information set out in Schedule VIII;

  • Notice of Sale The meaning ascribed thereto in Section 4.16.

  • Cash Liquidation As to any defaulted Mortgage Loan other than a Mortgage Loan as to which an REO Acquisition occurred, a determination by the Master Servicer that it has received all Insurance Proceeds, Liquidation Proceeds and other payments or cash recoveries which the Master Servicer reasonably and in good faith expects to be finally recoverable with respect to such Mortgage Loan.

  • Notice of Settlement means the form attached hereto as Exhibit A.

  • Notice of Withdrawal means a notice containing the information set out in Schedule VII;

  • Notice of Special Rate Period means any notice with respect to a Special Rate Period of shares of MuniPreferred pursuant to subparagraph (d)(i) of Section 4 of Part I of this Statement.

  • Pro-rata Liquidation means an amount equal to the liquidation of the relevant Collateral Assets held in the Margin Account for a Series of ETP Securities, pro rata to the amount of ETP Securities being redeemed divided by the total number of ETP Securities for such Series, after the pro rata deduction of all costs and expenses incurred by the Issuer in connection with the liquidation of such Collateral Assets, the pro rata deduction of the Arranger Fee and any Funding and Brokerage Fees.

  • Notice of Extension has the meaning specified in Section 2.20.

  • Notice of Removal means a notice, under clause 17.4.5, from an Association to a Nominated Person Removing the Nominated Person.

  • Xxxxx Notice means the Notice of Grant of Stock Option accompanying the Agreement, pursuant to which Optionee has been informed of the basic terms of the option evidenced hereby.

  • CMSA Historical Liquidation Report means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Historical Liquidation Report" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • Notice of Dissent means a notice of dissent duly and validly given by a registered holder of Company Shares exercising Dissent Rights as contemplated in the Interim Order and as described in Article 4.

  • Notice of Swing Line Borrowing has the meaning specified in Section 2.02(b).

  • CAFA Notice refers to the notice requirements imposed by 28 U.S.C. § 1715(b).

  • Special Redemption and Liquidation Period shall be as set forth in the Prospectus under "Summary of Essential Information."

  • Deemed Liquidation means a liquidation of the Company that is deemed to occur pursuant to Treas. Reg. Section 1.708-1(b)(1)(iv) in the event of a termination of the Company pursuant to section 708(b)(1)(B) of the Code.

  • Notice of Purchase Withdrawal Has the meaning specified in the Deposit Agreement.

  • Collection Notice means a notice, in substantially the form of Annex A to Exhibit VI, from the Agent to a Collection Bank or any similar or analogous notice from the Agent to a Collection Bank.

  • Notice of Redemption means the Notice of Redemption substantially in the form of Exhibit B to this Agreement.

  • Loss-to-Liquidation Ratio means the ratio (expressed as a percentage) computed as of the last day of each calendar month by dividing (i) the aggregate Outstanding Balance of all Receivables which became Defaulted Receivables during such month, by (ii) the aggregate amount of Collections received by the Collection Agent during such period.