Readily Marketable definition

Readily Marketable means cash or cash equivalent instruments or other collateral having a readily available market value for which there is a ready sale in the open market. "Regulations D, G, T, U and X" shall mean Regulations D, G, T, U and X, respectively, of the Federal Reserve Board, and any successor regulations.
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Readily Marketable means, at any time in the case of any Pledged Shares, that Secured Party has the right to sell or otherwise dispose of such Pledged Shares pursuant to this Agreement, without violation of any Applicable Law or contract, to sell such Pledged Shares immediately on the NASDAQ Stock Exchange.
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Readily Marketable means assets that can be sold or converted to cash within a short period of time, usually within one (1) week, and can include, but is not limited to, publicly traded securities, money market instruments, and certificates of deposit.
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Examples of Readily Marketable in a sentence

  • Alternatively, MLF may elect to satisfy its obligations under this paragraph (f)(ii) 25% through clause (A), 25% through clause (B) and 50% through clause (C) by depositing into a segregated account $5 million of Cash and Cash Equivalents, Readily Marketable Securities with a net Fair Market Value of $12.5 million and a letter committing the issuing institution to provide, on margin, $10 million.

  • MLF agrees, on behalf of itself and the MLF Funds, that each of MLF and the MLF Funds shall keep on hand, until the transactions contemplated hereby are consummated or this Agreement is earlier terminated, Cash and Cash Equivalents and/or Readily Marketable Securities sufficient in amount to satisfy their collective obligations hereunder.

  • By way of illustration only, MLF may elect to satisfy its obligations under this paragraph (f)(ii) 50% through clause (A) and 50% through clause (B) by depositing into a segregated account $10 million of Cash and Cash Equivalents and Readily Marketable Securities with a net Fair Market Value of $25 million.

  • In determining whether the foregoing requirements with respect to the application of net proceeds has been satisfied, the application of all cash and Readily Marketable Securities received as net proceeds in all sales or other dispositions constituting such Disposition Condition shall be considered.

  • The percentage of any IRR Payment that is made in the form of Readily Marketable Securities shall be the same as the percentage of the Cash Inflow in the IRR Payment Event from which such IRR Payment results that consists of Readily Marketable Securities, and the portion of any IRR Payment that consists of Readily Marketable Securities shall be valued at the Fair Market Value thereof as of the date of the related IRR Payment Event.

  • Any Eligible Products delivered under this Agreement shall be of Readily Marketable Quality (as defined in Section 2.03 of the Offtake Contract).

  • Code Section 5-5A-22 (1996) and regulations promulgated thereunder and 12 U.S.C. Section 84 and regulations promulgated thereunder as such relate to lending restrictions on loans to one borrower, the Lender shall have received such appraisals or other documentation as it shall deem necessary to (i) establish the Collateral as "Readily Marketable" and (ii) establish a readily established market value in the Collateral sufficient to satisfy the foregoing regulations.

  • To maintain a minimum of at least Two Million and No/100 Dollars ($2,000,000.00) in the form of Cash or Readily Marketable Securities, measured quarterly.

  • Notwithstanding the foregoing, to the extent that any deposited amounts consist of Readily Marketable Securities, MLF shall be required to deposit the proceeds of any sales thereof directly into such segregated account and such funds shall then be considered Cash and Cash Equivalents.

  • The Agent reserves the right at its sole option to substitute cash in U.S. currency or specifically designated Readily Marketable Securities and/or Letters of Credit for any cash or assets then forming part of the Trust Fund; provided, however, that the amount of cash and/or other assets and the market value at the time of substitution of the investments so substituted shall not decrease the value of the Trust Fund below the Trust Fund Minimum Amount.


More Definitions of Readily Marketable

Readily Marketable means with respect to the shares of R&M Parent Stock included in the Stock Consideration that 200,000 of such shares may be sold without registration under the Securities Act or any state securities laws beginning on the six-month anniversary date of the Closing Date, that an additional 200,000 of such shares included in the Stock Consideration may be sold without registration under the Securities Act or any state securities laws beginning on the 12-month anniversary date of the Closing Date, and that the remaining 200,000 of such shares included in the Stock Consideration may be sold without registration under the Securities Act or any state securities laws beginning on the 18-month anniversary date of the Closing Date.
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Related to Readily Marketable

  • Marketable Security means any common stock, debt security or other security of a Person which is (or will, upon distribution thereof, be) listed on the NYSE, the American Stock Exchange, NASDAQ or any other national securities exchange registered under Section 6 of the Securities Exchange Act of 1934, as amended, or approved for quotation in any system of automated dissemination of quotations of securities prices in the United States or for which there is a recognized market maker or trading market.

  • Marketable Securities means securities meeting all of the following requirements: (i) the issuer thereof is then subject to the reporting requirements of Section 13 or Section 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and is then current in its filing of all required reports and other information under the Act and the Exchange Act; (ii) the class and series of shares or other security of the issuer that would be received by Holder in connection with the Acquisition were Holder to exercise this Warrant on or prior to the closing thereof is then traded in Trading Market, and (iii) following the closing of such Acquisition, Holder would not be restricted from publicly re-selling all of the issuer’s shares and/or other securities that would be received by Holder in such Acquisition were Holder to exercise or convert this Warrant in full on or prior to the closing of such Acquisition, except to the extent that any such restriction (x) arises solely under federal or state securities laws, rules or regulations, and (y) does not extend beyond six (6) months from the closing of such Acquisition.

  • Marketable Title means such ownership by Seller in the Assets that, subject to and except for the Permitted Encumbrances:

  • Open Market Value means, in relation to a supply of goods or services, or to goods that are imported, the amount (together with the GST chargeable on the supply or the importation) that would be payable for the supply or the goods if the supply or importation were for such a consideration in money as would be payable, for the supply or the importation, by a person standing in no such relationship with any person as would affect that consideration;

  • Market Value as defined in the regulation prescribing the standards for real estate appraisals used in federally related transactions, 12