Limited Liquidity. Investment in the Program involves the risk of reduced liquidity for the investment. Once an Account for a Beneficiary is opened, the circumstances under which funds may be withdrawn from the Account without the imposition of tax liability and the Additional Tax are limited.
Limited Liquidity. Purchaser acknowledges that, while the Common Stock is publicly traded on the OTCQB, there is limited trading volume with respect to the Common Stock and, as such, it may be difficult for Purchaser to sell or dispose of the Underlying Shares if and when Purchaser converts its Note or exercises its Warrants. Purchaser hereby represents that it is able to bear the risk of illiquidity and the risk of a complete loss of this investment.
Limited Liquidity. The Notes may have no liquidity. An investor must be prepared to hold them until maturity. A secondary market is unlikely to develop. GS may, but is not obliged to, make a market. If it does, it may cease at any time without notice. Risks Related to The Xxxxxxx Xxxxx Group, Inc. Market making activities: Xxxxxxx Sachs International (“GSI”) shall act as Arranger in connection with the sale of the Notes. GSI is part of The Xxxxxxx Xxxxx Group, Inc. (the “GS Group”). The GS Group is a global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. As such, it acts as an investor, investment banker, research provider, investment manager, investment advisor, market maker, trader, prime broker and lender. In those and other capacities, the GS Group purchases, sells or holds a broad array of investments, actively trades securities, derivatives, loans, commodities, currencies, credit default swaps, indices, baskets and other financial instruments and products for its own account or for the accounts of its customers, and will have other direct or indirect interests, in the global fixed income, currency, commodity, equity, bank loan and other markets. Any of the GS Group’s financial market activities may, individually or in the aggregate, have an adverse effect on the market for the Notes, and Noteholders should expect that the interests of the GS Group or its clients or counterparties will at times be adverse to those of Noteholders. The GS Group actively makes markets in and trades financial instruments for its own account and for the accounts of customers. These financial instruments include debt and equity securities, currencies, commodities, bank loans, indices, baskets and other products. The GS Group’s activities include, among other things, executing large block trades and taking long and short positions directly and indirectly, through derivative instruments or otherwise. The securities and instruments in which the GS Group takes positions, or expects to take positions, include the Assets, securities and instruments similar to the Notes or the Assets, and other securities and instruments. Market making is an activity where the GS Group buys and sells on behalf of customers, or for its own account, to satisfy the expected demand of customers. By its nature, market ma...
Limited Liquidity. Investments in the Program involve the risk of reduced liquidity regarding your investment. Investments in Section 529 Programs are considered less liquid than other types of investments (e.g., investments in mutual fund shares) because the circumstances in which the Participant may withdraw money from a Section 529 Program account without a penalty or adverse tax consequences are significantly more limited. After an Account is established, the Participant may only withdraw funds from the Account in limited circumstances without incurring federal and state tax liability, including the 10% additional federal tax on
Limited Liquidity. The Transferee understands that there is no market for the Notes and that no assurance can be given as to the liquidity of or trading market for the Notes and that it is unlikely that a trading market for the Notes will develop. It further understands that, although the Initial Purchasers may from time to time make a market in the Notes, the Initial Purchasers are under no obligation to do so and, following the commencement of any market-making, may discontinue the same at any time. Accordingly, the Transferee must be prepared to hold the Notes for an indefinite period of time or until the Final Maturity Date.
Limited Liquidity. The Standby Purchaser has no need for liquidity in the Standby Purchaser’s investment in the Standby Shares and understands that there are restrictions on the subsequent resale or other transfer of the Standby Shares.
Limited Liquidity. The Purchaser understands that there is currently no secondary market for the Class C Notes, and there can be no assurance as to the liquidity of any market that may develop for the Class C Notes, and the ability of the beneficial owners to sell their Class C Notes or at what price beneficial owners of the Class C Notes will be able to sell their Class C Notes. It further understands that the Initial Purchaser is under no obligation to purchase or remarket the Class C Notes, and were the Initial Purchaser to undertake to remarket a beneficial owner’s Class C Notes, there can be no assurance that the remarketing efforts will be successful. Accordingly, the Purchaser understands that no assurance can be given as to the liquidity of or trading market for the Class C Notes, and it may be difficult or uneconomic for a beneficial owner of the Class C Notes to sell its Class C Notes at any time. The Purchaser is prepared to hold its interest in the Class C Notes for an indefinite period of time or until maturity.
Limited Liquidity. The Notes may have no liquidity. An investor must be prepared to hold them until maturity. A secondary market is unlikely to develop. GS may, but is not obliged to, make a market. If it does, it may cease at any time without notice. UK’s exit from the European Union: On 23 June 2016 the UK held a referendum to decide on the UK’s membership of the European Union. The UK vote was to leave the European Union. The European Union (Notification of Withdrawal) Xxxx was passed on 13 March 2017 and received Royal Assent on 16 March 2017. There are a number of uncertainties in connection with the future of the UK and its relationship with the European Union. The negotiation of the UK’s exit terms is likely to take a number of years. Until the terms and timing of the UK’s exit from the European Union are clearer, it is not possible to determine the impact that the referendum, the UK’s departure from the European Union and/or any related matters may have on our UK or European operations. Currently, under the EU single market directives, mutual access rights to markets and market infrastructure exist across the EU and the mutual recognition of insolvency, bank recovery and resolution regimes applies. Depending on the terms of the UK’s exit and the terms of any replacement relationship, there can be no assurance that the terms of the UK’s exit from the EU will include arrangements for the continuation of mutual access rights to market infrastructure and recognition of insolvency, bank recovery and resolution regimes. Such uncertainty could adversely impact our European operations. Risks Related to The Xxxxxxx Xxxxx Group, Inc. Market making activities: Xxxxxxx Xxxxx International (“GSI”) shall act as Arranger in connection with the sale of the Notes. GSI is part of The Xxxxxxx Xxxxx Group, Inc. (the “GS Group”). The GS Group is a global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. As such, it acts as an investor, investment banker, research provider, investment manager, investment advisor, market maker, trader, prime broker and lender. In those and other capacities, the GS Group purchases, sells or holds a broad array of investments, actively trades securities, derivatives, loans, commodities, currencies, credit default swaps, indices, baskets and other financial ins...
Limited Liquidity. The Purchaser understands that there is currently no secondary market for the Notes, and there can be no assurance as to the liquidity of any market that may develop for the Notes, and the ability of the beneficial owners to sell their Notes or at what price beneficial owners of the Notes will be able to sell their Notes. The Purchaser understands that no assurance can be given as to the liquidity of or trading market for the Notes, and it may be difficult or uneconomic for a beneficial owner of the Notes to sell its Notes at any time. The Purchaser is prepared to hold its interest in the Notes for an indefinite period of time or until maturity.
Limited Liquidity. Contributing funds to a Virginia529 Account reduces the ability to readily access those funds (their liquidity). Once Contributions have been made to an Account, there are limited circumstances in which they can be withdrawn without negative tax consequences. Additionally, under certain circumstances, Virginia529 imposes a waiting period prior to withdrawing funds from an Account.
