Liquidation Date Clause Samples
The Liquidation Date clause defines the specific date on which the assets of a company or entity are to be liquidated, meaning converted into cash or distributed to creditors and shareholders. In practice, this clause sets a clear timeline for when the winding-up process begins, ensuring all parties know when obligations must be settled and distributions made. By establishing a definitive date, the clause provides certainty and structure to the liquidation process, helping to prevent disputes and confusion regarding the timing of asset distribution.
Liquidation Date. Subject to the following sub-clause, at any time following the occurrence of an Event of Default, we may, by notice to you, specify a date (the “Liquidation Date”) for the termination and liquidation of Transactions in accordance with this clause.
Liquidation Date. Subject to Clause 13.3, at any time following the occurrence of an Event of Default, the Non- Defaulting Party may, by notice to the Defaulting Party, specify a date (the “Liquidation Date”) for the termination and liquidation of Transactions in accordance with this Clause 13.
Liquidation Date. Subject to the following clause 11.3, at any time following the occurrence of an Event of Default, we may, by notice to you, specify a date (the “Liquidation Date”) for the termina tion and liquidation of Transactions in accordance with this clause.
Liquidation Date. Subject to the following sub-clause, at any time following the occurrence of an Event of Default, APM may, by notice to the Client, specify a date (the "Liquidation Date") for the termination and liquidation of Transactions in accordance with this clause.
Liquidation Date. The Affected Fund shall be liquidated on or before the 30th day following the occurrence of a Guarantee Event unless the Treasury, in its sole and absolute discretion, after taking into account prevailing market conditions, consents in writing to a later date.
Liquidation Date. 11 Liquidator..............................................................................................12
Liquidation Date. The items included in the determination of Net Termination Loss shall be determined in accordance with Section 5.5(b) and shall not include any items of income, gain, loss or deduction specially allocated under Section 6.1(d).
Liquidation Date. At any time following an Event of Default, the Firm may, by notice to the Client, specify a date (the "Liquidation Date") for the termination and liquidation of Transactions. However, if "Automatic Termination" is selected in the Annex, in the case of the occurrence of any Insolvency Event in respect of the Client, the date of any such event will automatically constitute a Liquidation Date, without the need for any notice.
Liquidation Date. The Business Day when compliance with the obligations agreed upon in the Operation are demandable, which may be also the Performance Date (Value date same day), the Business Day immediately succeeding (Value date 24 hours ▇▇▇), or the second Business Day after the Date when the Operation is carried out (Value date 48 hours SPOT), or on the third Business Day after the Performance Date (Value date 72 hours), or on the fourth business day immediately succeeding (Value date 96 hours).
Liquidation Date. The definition of the term “Liquidation Date” is amended to read in its entirety as follows: