Examples of Illiquidity Event in a sentence

Upon the crystallization of an Illiquidity Event, all existing Shareholders in the relevant Sub-Fund will have such number of Investor Shares held by them converted into Side Pocket Shares, pro rata to their shareholding in the relevant Sub-Fund.
Notwithstanding anything to the contrary herein, the Directors may, upon the happening of an Illiquidity Event, reconstitute such number of Investor Shares in the relevant Sub-Fund into Side Pocket Shares, in proportion to the value of the assets of the Sub-Fund which have become illiquid or otherwise difficult to value.
The Company, in respect of the relevant Sub- Fund, will not issue Side Pocket Shares to investors subscribing for Investor Shares in the relevant Sub-Fund after the happening of an Illiquidity Event, unless a new Illiquidity Event materializes subsequent to their subscription to Investor Shares in the relevant Sub-Fund.
For the avoidance of doubt, the inability of the Issuer to obtain such firm quote solely due to issues relating to its creditworthiness shall not constitute a CNY Illiquidity Event.
However, in such a situation, you will still be able to submit a Cancellation Request (see Section 7.3 for further information) and, in an Illiquidity Event, a Sale Request (see Sections 8.4 and 8.5 for further information).

More Definitions of Illiquidity Event

Illiquidity Event with respect to the Initial Notes shall mean any of the following events:

Illiquidity Event means that, in respect of any calendar month ending after the Issue Date (the “Relevant Month”) and with regards to any period of 30 consecutive Scheduled Trading Days ending on a Scheduled Trading Day comprised during such Relevant Month (the “Relevant Testing Period”), the arithmetic average of the Daily Value Traded on the Relevant Stock Exchange and on Relevant Multilateral Trading Facilities on each Scheduled Trading Day comprised in such Relevant Testing Period, is less than Euro 20 million, as determined by the Calculation Agent and notified by it to the Issuer and any Hedging Counterparty no later than the 2nd Business Day following the end of such Relevant Month, and the Illiquidity Event shall be deemed to have occurred in respect of the Relevant Month on the date of such notification.

Illiquidity Event means any of the following events:

Illiquidity Event. Has the meaning specified in Section 1.4(b) of the First Supplemental Indenture to the related Indenture.

Illiquidity Event has the meaning given to such term in the Fee and Ratio Letter;

Illiquidity Event with respect to the Initial Securities which constitute Registrable Securities shall mean any of the following events:

Illiquidity Event means that, as of any date of determination, if (i) the Company is not listed on a stock exchange or other dealer network, or (ii) the average weekly trading volume of the Company's Common Stock for four consecutive calendar weeks falls below the product of (A) 15% of (B) the number of such Holder's outstanding Warrant Shares.