Common use of Marketability Clause in Contracts

Marketability. All securities are to be purchased through investment banking and brokerage firms of high quality and reputation, with a history of making markets for the securities in which we invest. In the unlikely event that securities must be sold before their maturity, the securities must be easily remarketed. To accomplish this, the securities must be conventional "products" with strong name recognition.

Appears in 2 contracts

Samples: Loan and Security Agreement (Aspect Medical Systems Inc), Credit Agreement (Vertex Pharmaceuticals Inc / Ma)

AutoNDA by SimpleDocs

Marketability. All securities are to be purchased through investment banking and brokerage firms of high quality and reputation, with a history of making markets for the securities in which we invest. In the unlikely event that securities must be sold before their maturity, the securities must be easily remarketedre-marketed. To accomplish this, the securities must be conventional "products" with strong name recognition.

Appears in 2 contracts

Samples: Loan and Security Agreement (Xenogen Corp), Loan and Security Agreement (Xenogen Corp)

AutoNDA by SimpleDocs

Marketability. All securities are to be purchased through investment banking and brokerage firms of high quality and reputation, with a history of making markets for the securities in which we invest. In the unlikely event even that securities must be sold before their maturity, the securities must be easily remarketed. To accomplish this, the securities must be conventional "products" with strong name recognition.

Appears in 1 contract

Samples: Loan Agreement (Epix Medical Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.