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.
Appears in 2 contracts
Sources: Professional Client Agreement, Retail Client Agreement