In specie definition
In specie means the transfer of investments from one party to another without the need to sell the investment.
In specie means re-registering or transferring the ownership of an asset instead of selling it.
In specie. Ensurge shall not pay any of its costs or expenses incurred pursuant to this Agreement, or in any way connected with the Tailings, by way of providing the applicable vendor or service provider with a portion of the Tailings (i.e., including the Valuable Metals). Instead, Ensurge shall pay all such costs and expenses fully in cash, from its own financial resources. Without limiting the foregoing, in dealings with Refiners and other vendors and service providers, Ensurge shall seek to avoid any embedded or hidden consideration accruing to such parties in the form of their retention of a portion of the Tailings (including the Valuable Metals).
Examples of In specie in a sentence
Please also refer to the section of the Prospectus entitled "In specie Repurchases" and "In Specie Subscriptions".
In specie means that, rather than receiving cash in respect of a subscription and delivering cash proceeds in respect of a redemption, the Fund will receive and deliver securities (or predominantly securities) acceptable to the Investment Manager and set out in the Portfolio Composition File.
In- specie transfers usually take at least four weeks and sometimes as many as eight weeks, depending on the ceding party and the Fund Manager’s ability to process requests in a timely and automated fashion.
More Definitions of In specie
In specie generally means ‘in its present form’. Clause 8.6 gave the General Partner of VDP the express power to make distributions in the form of non-marketable securities (i.e. in specie) upon the final liquidation of the Partnership.
In specie means that the actual assets would be returned — for example, in this case, the assets in specie would be the flooded land.
In specie means re-registering the assets of the plan without selling them and will be subject to EBS’s prior approval. Non- standard assets may not be accepted and may need to be sold prior to transferring. If you wish to transfer in specie, please provide a list and valuation of the transferring assets.
In specie transfer means that during the Restructuring, in order to reduce the above- mentioned out-of-market risks, we will try our best to redeem units from third party APIF (or direct investment) by way of “in-specie” transfer instead of redeeming investments in cash, then the proceeds of in-specie redemption will be used to subscribe for new APIFs in the BCT APIF Series. In case the relevant redemption cannot be conducted in specie, it must be redeemed in cash, then the Relevant Constituent Funds may be exposed to out-of-market risks.
In specie means the money exists “[i]n the same or like form” as it had upon introduction into evidence. Black’s Law Dictionary (8th ed. 2004).
In specie means transferring an asset in its current form, without the need to convert that asset to cash. For example, to pay off a debt
In specie means the Transfer of your investments to, or from, us without requiring them to be encashed. Also referred to as re-registration.