Common use of Liquidation Date Clause in Contracts

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.

Appears in 3 contracts

Sources: Terms of Business, Terms of Business, Terms of Business

Liquidation Date. Subject to Clause 13.3the following clause 11.2, at any time following the occurrence of an Event of DefaultDefault in relation to a party, then the Non- Defaulting Party other party (the “Non­Defaulting Party”) may, by notice to the party in default (the “Defaulting Party”), specify a date (the “Liquidation Date”) for the termination and liquidation liqui­ dation of Netting Transactions in accordance with this Clause 13clause.

Appears in 3 contracts

Sources: Eligible Counterparty Agreement, Eligible Counterparty Agreement, Eligible Counterparty Agreement