Common use of Liquidity Events of Default Clause in Contracts

Liquidity Events of Default. 21 ARTICLE VII MISCELLANEOUS Section 7.01 No Oral Modifications or Continuing Waivers.....................21 Section 7.02 Notices.........................................................21 Section 7.03 No Waiver; Remedies.............................................22 Section 7.04 Further Assurances..............................................22 Section 7.05 Indemnification; Survival of Certain Provisions.................22 Section 7.06 Liability of the Liquidity Provider.............................23 Section 7.07 Certain Costs and Expenses......................................23 Section 7.08 Binding Effect; Participations..................................24 Section 7.09 Severability....................................................25 Section 7.10 Governing Law...................................................25 Section 7.11 Submission to Jurisdiction; Waiver of Jury Trial; Waiver of Immunity........................................................25 Section 7.12 Counterparts....................................................26 Section 7.13 Entirety........................................................26 Section 7.14 Headings........................................................26 Section 7.15 Liquidity Provider's Obligation to Make Advances................26 Annex I - Interest Advance Notice of Borrowing Annex II - Non-Extension Advance Notice of Borrowing Annex III - Downgrade Advance Notice of Borrowing Annex IV - Final Advance Notice of Borrowing Annex V - Notice of Termination Annex VI - Notice of Replacement Subordination Agent REVOLVING CREDIT AGREEMENT This REVOLVING CREDIT AGREEMENT, dated as of November 21, 2001, is made by and between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as Subordination Agent (such term and other capitalized terms used herein without definition being defined as provided in Article I) under the Intercreditor Agreement (as defined below), as agent and trustee for the Class B Trustee (in such capacity, together with its successors in such capacity, the "Borrower"), and WESTDEUTSCHE LANDESBANK GIROZENTRALE, a German banking institution organized under the laws of the State of North Rhine-Westphalia, acting through its New York branch (the "Liquidity Provider").

Liquidity Events of Default. 21 ARTICLE VII MISCELLANEOUS Section 7.01 No Oral Modifications or Continuing Waivers................................................................21 Section 7.02 Notices........................................................................................................................................21 Section 7.03 No Waiver; Remedies................................................................................................................22 Section 7.04 Further Assurances..................................................................................................................22 Section 7.05 Indemnification; Survival of Certain Provisions........................................................22 Section 7.06 Liability of the Liquidity Provider................................................................................23 Section 7.07 Certain Costs and Expenses..................................................................................................23 Section 7.08 Binding Effect; Participations..........................................................................................24 Section 7.09 Severability..............................................................................................................................25 Section 7.10 Governing Law............................................................................................................................25 Section 7.11 Submission to Jurisdiction; Waiver of Jury Trial; Waiver of Immunity..........................................................................25 Section 7.12 Counterparts..............................................................................................................................26 Section 7.13 Entirety......................................................................................................................................26 Section 7.14 Headings......................................................................................................................................26 Section 7.15 Liquidity Provider's Obligation to Make Advances......................................................26 Annex I - Interest Advance Notice of Borrowing Annex II - Non-Extension Advance Notice of Borrowing Annex III - Downgrade Advance Notice of Borrowing Annex IV - Final Advance Notice of Borrowing Annex V - Notice of Termination Annex VI - Notice of Replacement Subordination Agent REVOLVING CREDIT AGREEMENT This REVOLVING CREDIT AGREEMENT, dated as of November 21, 2001, is made by and between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as Subordination Agent (such term and other capitalized terms used herein without definition being defined as provided in Article I) under the Intercreditor Agreement (as defined below), as agent and trustee for the Class B A-2 Trustee (in such capacity, together with its successors in such capacity, the "Borrower"), and WESTDEUTSCHE LANDESBANK GIROZENTRALE, a German banking institution organized under the laws of the State of North Rhine-Westphalia, acting through its New York branch (the "Liquidity Provider").

Liquidity Events of Default. 21 ARTICLE VII MISCELLANEOUS Section 7.01 No Oral Modifications or Continuing Waivers................................................................21 Section 7.02 Notices........................................................................................................................................21 Section 7.03 No Waiver; Remedies................................................................................................................22 Section 7.04 Further Assurances..................................................................................................................22 Section 7.05 Indemnification; Survival of Certain Provisions........................................................22 Section 7.06 Liability of the Liquidity Provider................................................................................23 Section 7.07 Certain Costs and Expenses..................................................................................................23 Section 7.08 Binding Effect; Participations..........................................................................................24 Section 7.09 Severability..............................................................................................................................25 Section 7.10 Governing Law............................................................................................................................25 Section 7.11 Submission to Jurisdiction; Waiver of Jury Trial; Waiver of Immunity..........................................................................25 Section 7.12 Counterparts..............................................................................................................................26 Section 7.13 Entirety......................................................................................................................................26 Section 7.14 Headings......................................................................................................................................26 Section 7.15 Liquidity Provider's Obligation to Make Advances......................................................26 Annex I - Interest Advance Notice of Borrowing Annex II - Non-Extension Advance Notice of Borrowing Annex III - Downgrade Advance Notice of Borrowing Annex IV - Final Advance Notice of Borrowing Annex V - Notice of Termination Annex VI - Notice of Replacement Subordination Agent REVOLVING CREDIT AGREEMENT This REVOLVING CREDIT AGREEMENT, dated as of November 21, 2001, is made by and between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as Subordination Agent (such term and other capitalized terms used herein without definition being defined as provided in Article I) under the Intercreditor Agreement (as defined below), as agent and trustee for the Class B C Trustee (in such capacity, together with its successors in such capacity, the "Borrower"), and WESTDEUTSCHE LANDESBANK GIROZENTRALE, a German banking institution organized under the laws of the State of North Rhine-Westphalia, acting through its New York branch (the "Liquidity Provider").