LIQUIDATION AGENT Sample Clauses
The Liquidation Agent clause designates a specific party responsible for managing the sale or disposition of assets in the event of a default or liquidation scenario. This agent is typically empowered to collect, sell, or otherwise realize the value of collateral or company assets, and to distribute the proceeds according to the priorities set out in the agreement. By clearly assigning these responsibilities, the clause ensures an orderly and efficient process for asset liquidation, minimizing disputes and delays among stakeholders.
LIQUIDATION AGENT. 14.1.1 The Liquidation Agent shall perform all the functions and duties imposed on the Liquidation Agent as referred to in this Clause 14.
14.1.2 Subject as may otherwise be provided for in the Conditions, the Liquidation Agent may take such steps as it considers appropriate in order to effect any liquidation, including but not limited to selecting the method of liquidating any Collateral Asset. The Liquidation Agent must effect any such liquidation as soon as reasonably practicable within the available timeframe and in a commercially reasonable manner, even where a larger amount could possibly be received in respect of such Collateral Assets if any such liquidation were to be delayed. Subject to such requirement, the Liquidation Agent shall be entitled to effect any liquidation by way of one or multiple transactions on a single or multiple day(s) as it considers appropriate in order to attempt reasonably to maximize the proceeds from such sale taking into account the total amount of Collateral Assets to be sold, repaid, redeemed or terminated. The Liquidation Agent may effect sales of the Collateral Assets (a) on any national securities exchange or quotation service on which the Collateral Assets may be listed or quoted, (b) in the over-the-counter market or (c) in transactions otherwise than on such exchanges or in the over-the-counter market. If
(i) the Liquidation Agent is unable to obtain any quotations for the sale of the Collateral Assets or (ii) the Liquidation Agent is offering to buy the Collateral Assets itself for its own account for a price equal to or higher than the best quotation from a third party, the Liquidation Agent may effect sales of the Collateral Assets to itself or to any of its affiliates. The Liquidation Agent shall not be required to effect such sale by the publication of any listing particulars, prospectus or investment advertisement or the giving of any representations, warranties, indemnities or similar assurances.
14.1.3 The Liquidation Agent shall not be liable (i) to account for anything except, subject to Clause 14 hereof, the actual net proceeds of the sale of the Collateral Assets received by it (if any) or (ii) for any taxes, fees, commissions, costs, charges, losses, damages, liabilities or expenses arising from or connected with the sale or otherwise unless such taxes, fees, commissions, costs, charges, losses, damages, liabilities or expenses shall be caused by its own fraud or wilful default. Nor shall the Liquida...
LIQUIDATION AGENT. The Stockholders covenant and agree that throughout the Valuation Period, they shall utilize Raym▇▇▇ ▇▇▇e▇ ▇▇▇ Associates, Inc. (the "Raym▇▇▇ ▇▇▇e▇") ▇s their sole liquidation agent for the purpose of liquidating any of the Stock Consideration, unless SAG consents to the use of another liquidation agent in writing, which consent SAG may withhold or deny in SAG's sole discretion (an "Approved Agent"). If Stockholders fail to so utilize Raym▇▇▇ ▇▇▇e▇ ▇▇ an Approved Agent for the liquidation of any or all of the Stock Consideration during the Valuation Period, the Price Protection set forth in this Section 1.8 shall become completely null and void and SAG shall no longer be required to provide any Price Protection to any of the Stock Consideration.
LIQUIDATION AGENT. 58 Section 5.14 Adequate Assurances.......................................61 Section 5.15 Risk of Loss..............................................61 Section 5.16 Returns of Merchandise....................................62 ARTICLE VI CONDITIONS.........................63 Section 6.1 Conditions to Each Party's Obligations......................................63 Section 6.2 Conditions to Obligations of the Buyer........................................65 Section 6.3 Conditions to Obligations of the Seller and the Parent........................66
LIQUIDATION AGENT. UBS AG in its capacity as liquidation agent, as appointed by the Issuer pursuant to the appointment letter dated the date hereof (the Liquidation Agent Appointment Letter) between the Issuer and UBS AG, and its permitted successors and assigns, until such time (if any) that such appointment is terminated in accordance with terms of the Liquidation Agent Appointment Letter. If
LIQUIDATION AGENT. The Loan Parties shall have retained the Liquidation Agent.
LIQUIDATION AGENT. (a) The Seller hereby appoints the Buyer, and the Buyer hereby agrees to serve, as the Seller's exclusive agent for the limited purpose of selling the Inventory in the Stores located in ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ (the "Liquidation Stores")for the period commencing on the Closing Date and ending 90 days thereafter(the "Liquidation Period").
LIQUIDATION AGENT. The term "Liquidation Agent" ----------------- means ▇▇▇▇▇ ▇. ▇▇▇▇▇ as the designated trustee of the Trust set forth in the Plan or such other person as may be appointed pursuant to the Plan.
LIQUIDATION AGENT. The Central Servicer and the Parent shall: