Being Considered for Purchase or Sale definition

Being Considered for Purchase or Sale means, with respect to any security, that a recommendation to purchase or sell such security has been made and communicated or, with respect to the person making the recommendation, such person seriously considers making such recommendation.

Being Considered for Purchase or Sale means when a security for which a recommendation to purchase or sell has been made and communicated; and with respect to the Advisory Person making the recommendation, when such person seriously considers making such a recommendation.

Being Considered for Purchase or Sale as to a Covered Security means when a recommendation to purchase or sell such Covered Security has been made and communicated.

Examples of Being Considered for Purchase or Sale in a sentence

• The Legal and Compliance Department will, subject to the exceptions below, prohibit an Employee from purchasing or selling a Security (or a derivative product), or engaging in any short sale of a Security, in a Personal Account if, at the time of the transaction, the Security is Being Considered for Purchase or Sale for a Client or is being purchased or sold for a Client.

• In all cases, a Security which has been recommended for purchase or sale pursuant to an Investment Committee memorandum, presentation, due diligence package or other formal Investment Committee recommendation shall be deemed to be a Security Being Considered for Purchase or Sale.

• No Covered Person shall engage in a Personal Securities Transaction that involves the purchase or sale of any Reportable Security when, at the time of such purchase or sale, the Covered Person knew or should have known, that the same class of security is the subject of an open buy or sell order for a Client Account or is Being Considered for Purchase or Sale by a Client Account.

• Until or unless disclosed publicly, all information concerning Securities Being Considered for Purchase or Sale will be kept confidential.

• No OFS Fund Director may communicate material, nonpublic information concerning any Security of an issuer in which the OFS Fund Director knows, or, in the course of his or her duties as a director, should have known, OFS Fund has a current investment, or with respect to which an investment or Security is Being Considered for Purchase or Sale by any OFS Fund (“OFS Fund Portfolio Security”) or Portfolio Company of their respective OFS Fund to anyone unless it is properly within his or her duties to do so.

More Definitions of Being Considered for Purchase or Sale

Being Considered for Purchase or Sale means, with respect to a security, when a recommendation to purchase or sell that security has been communicated and, with respect to the person making the recommendation, when that person seriously considers making the recommendation.

Being Considered for Purchase or Sale means a security is being considered for purchase or sale when a recommendation to purchase or sell a security has been made and communicated or, with respect to the person making the recommendation, when such person decides to make the recommendation.

Being Considered for Purchase or Sale means, with respect to a security, any security eligible for Galliard clients’ portfolios for which a security file has been established and/or the issuer is in the corporate issuer data base.

Being Considered for Purchase or Sale means, with respect to a security, when a recommendation to purchase or sell that security has been communicated and, with respect to the person making the recommendation, when that person seriously considers making the recommendation.(c) “Security” means a security, as defined in Section 2(a)(36) of the Investment Company Act of 1940 (the “Act”) and set forth below:

Being Considered for Purchase or Sale means a portfolio manager has indicated his or her intention to purchase or sell or an open order in the security exists on the trading desk.

Being Considered for Purchase or Sale as to a Security means when a recommendation to purchase or sell such Security has been made and communicated.

Being Considered for Purchase or Sale means, with respect to any security, that a recommendation to purchase or sell the security has been made and communicated or, with respect to the person making the recommendation, that this person seriously considers making this recommendation.