Highly Liquid definition

Highly Liquid means, as of any date of determination, with respect to the shares of stock of any company, that the company’s shares either (A) are listed on the NYSE or Nasdaq, or (B) have an average trading volume that exceeds one percent (1%) of the outstanding shares of stock of the company over a period of thirty (30) consecutive trading days on the applicable market or trading platform on which the shares primarily are traded.
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Examples of Highly Liquid in a sentence

  • Additionally, in accordance with the Trust’s Liquidity Risk Management Program, the Adviser shall be responsible for classifying assets of the Fund into at least one of four liquidity categories on a daily basis, and notify the Trust immediately if the Fund exceeds the 15% limit in Illiquid Investments or falls below its Highly Liquid Investment Minimum, if any.

  • The aggregate of the USD Equivalent of the respective Traded Book Values of all Reference Obligations that have no Public Rating but which are Highly Liquid Obligations then comprised in the Portfolio shall not exceed 10% of the Limit Value.

  • If subsequent to the relevant Addition Date, a Reference Obligation that has no Public Rating but which is a Highly Liquid Obligation that was included in the Portfolio on such Addition Date ceases to be a Highly Liquid Obligation, such Reference Obligation shall be included in the determination of the Weighted Average Rating Factor.

  • Highly Liquid or LC1: Cash and any investment the Fund reasonably expects to be convertible to cash in current market conditions in 3 business days or less without the conversion to cash significantly changing market value.

  • In addition, the amount of Resources, allocated to the Contract by the Issuer, must comply with the limits set forth in article 4 paragraph 6 of the AMF Decision, it being recalled that, as indicated in article 4, the Issuer's Shares are qualified as [Illiquid Capital Shares] / [Liquid Capital Shares] / [Highly Liquid Capital Shares].

  • Additionally, in accordance with the Trust's Liquidity Risk Management Program, the Adviser shall be responsible for classifying assets of the Fund into at least one of four liquidity categories on a daily basis, and notify the Trust immediately if the Fund exceeds the 15% limit in Illiquid Investments or falls below its Highly Liquid Investment Minimum, if any.

  • In addition, during the Interim Period, the level of Resources allocated by the Issuer to the execution of the Agreement must comply with the limits set forth in paragraph 6 of Article 4 of the AMF Decision, considering also, as per Article 4 herein, the [Illiquid Shares] / [Liquid Shares] / [Highly Liquid Shares] category which the Shares belong to.

  • For purposes of determining the Weighted Average Rating Factor on any date, Reference Obligations which were included in the Portfolio on the relevant Addition Date that have no Public Rating but which are Highly Liquid Obligations shall not be included in such determination.