Illiquid Securities definition

Illiquid Securities means shares of Capital Stock or other interests (a) which are not listed on a United States national securities exchange or approved for quotation thereof in an inter-dealer quotation system of any registered United States national securities association or (b) in respect of which, there is no liquid market for the purchase and sale of such shares or other interests.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Illiquid Securities means securities which are not traded or quoted on one or more national securities exchanges (within the meaning of the Exchange Act) or the NASDAQ Global Market or on a comparable securities market or exchange existing now or in the future, or which are so traded or quoted but which are subject to a contractual restriction on transfer.

Illiquid Securities means debt or equity securities of a Person which are not Liquid Securities or Continuing Shareholder Securities;

Examples of Illiquid Securities in a sentence

Their purchase by the Fund would be limited as described below in "Illiquid Securities." From time to time the Fund may invest more than 5% of its net assets in municipal lease obligations that the Manager has determined to be liquid under guidelines set by the Board of Trustees.
For the avoidance of doubt, only the Company is authorized to execute any investment documents relating to the Illiquid Securities.
Each of the Parties covenants and agrees to do such things, to attend such meetings and to execute such further documents and assurances as may be deemed necessary or advisable from time to time in order to carry out the terms and conditions of this Agreement in accordance with their true intent and the transfer of title of the Marketable Securities and the Illiquid Securities to the Purchaser, or as directed by the Purchaser.
Any instruments and other investment documentation evidencing any investment in Illiquid Securities shall be held by the Custodian, with a copy provided to the Company.
If in accordance with either clause 17 or clause 18 the Drag Value or Tag Value respectively is to be the Fair Value in respect of any illiquid non-cash consideration (Illiquid Securities), the Fair Value in respect of any Illiquid Securities is such price per Illiquid Security as may be the price per Illiquid Security determined by a valuation expert in accordance with paragraphs 2 to 8 below.
The account shall not acquire any Illiquid Security if, immediately after the acquisition, the account would have invested more than five percent of its total assets in Illiquid Securities.
See "Illiquid Securities" below and "Investment Objective and Policies-Illiquid Securities" in the Statement of Additional Information.
Illiquid Securities The Fund may hold up to 15% of its net assets in illiquid securities, including repurchase agreements which have a maturity of longer than seven days or contractual restrictions on resale and securities that are not readily marketable.
Their purchase by the Fund would be limited as described below in "Illiquid Securities." Municipal lease obligations that the Manager has determined to be liquid under guidelines set by the Board of Trustees are not subject to the Fund's 15% limit on investments in illiquid securities.
Illiquid Securities As of July 31, 2001, investments in securities included issues that are illiquid.

More Definitions of Illiquid Securities

Illiquid Securities shall not exceed 5% of the total amount of Approved Investments in the Cash Collateral Account. • No Approved Investment having a final maturity longer than one business day shall be made if, immediately after such investment, the total amount of Approved Investments in the Cash Collateral Account would have less than 10% of total assets maturing in one business day. • No Approved Investments other than Weekly Liquid Assets (as defined below) shall be made if, immediately after such investment, the Cash Collateral Account would have less than 30% of total assets invested in Weekly Liquid Assets. Weekly Liquid Assets are defined as cash, direct obligations of the U.S. Government (i.e., bills, bonds and notes), U.S. government agency discount notes with a remaining maturity of 60 days or less, and any other Approved Investments that will mature in, or have an unconditional put option of, five business days or less.

Illiquid Securities means any securities other than “Liquid Securities” (as defined below).

Illiquid Securities has the meaning ascribed thereto in Recital D and as more particularly described in Schedule A;