Illiquid Asset definition

Illiquid Asset means as of any date, any Asset (i) for which there is no established public or private institutional trading market, such that such Asset may be reasonably expected to be sold in such market within fourteen (14) days in the ordinary course of business at a price approximating the Asset Value of such Asset on such date subject only to fluctuations in the market price therefor, (ii) the fair market value of which is not readily ascertainable from recognized independent sources in the market for such Assets or (iii) otherwise classified as an “illiquid security” by the Borrower or the Adviser.

Illiquid Asset means an asset that may not be readily disposed of through market facilities on which public quotations are widely available, at an amount at least equal to the amount at which the asset is valued in calculating the net asset value, or a restricted security, the resale of which is prohibited for any reason;

Illiquid Asset. The meaning specified in Section 12.3.

Examples of Illiquid Asset in a sentence

• If the Assets consist exclusively of Illiquid Assets, Eligible Investments and/or Cash, the Portfolio Manager may request bids with respect to each such Illiquid Asset as described below after providing notice to the Holders and requesting that any Holder that wishes to bid on any such Illiquid Asset notify the Trustee (with a copy to the Portfolio Manager) of such intention within 15 Business Days after the date of such notice.

• Condensed consolidated statement of changes in equity of ING Group for the nine month period ended 9 months ending 30 September 2009 Non- Total voting Share Share shareholders’ equity Minority — — 9,002 9,002 — -92 8,910 Unrealised revaluations after taxation are positively affected by EUR 4,600 million as a result of the Illiquid Asset Back-up Facility which effectively transferred 80% of ING’s Alt-A RMBS portfolio to the Dutch State.

• Lender's commitment to fund the first or second increment of Supplemental Illiquid Asset Funding shall be conditioned upon the payment to Lender by Borrower of the applicable Supplemental Up-Front Fee pursuant to Section 2.11(b) (Fees).

• Xxxxx Exchange Fund I, L.P. 22,450 Exchange Fund II Illiquid Asset Holding and Distribution, L.P. 57,285 Xxxxxxx Xxxxxx 243 Xxxxxx X.

• Lender shall not be required to reimburse Borrower for all or part of the Up-Front Fee paid by Borrower on the Closing Date (or the Supplemental Up-Front Fee paid by Borrower in connection with Supplemental Illiquid Asset Funding following the Closing Date) upon any voluntary reduction or termination of the Commitment.

More Definitions of Illiquid Asset

Illiquid Asset means, as of any date, any asset for which (a) there is no established public or private institutional trading market, such that such asset may be reasonably expected to be sold in such market within seven (7) days in the ordinary course of business at a price approximating the Value of such asset on such date subject only to fluctuations in the market price therefor, (b) the fair market value of such asset is not readily ascertainable from recognized independent sources in the market for such assets, or (c) are otherwise categorized as “illiquid securities” by the Borrower or the Investment Manager. NEXPOINT CAPITAL, INC. CREDIT AGREEMENT

Illiquid Asset means an asset that cannot be sold or disposed of by the Fund in the ordinary course of business within seven calendar days, at approximately the value ascribed to them by the Fund.

Illiquid Asset means an asset or security whose conversion to cash at fair market value is limited for a certain period of time.

Illiquid Asset. Any Portfolio Asset with respect to which either (a) the Collateral Manager (if no Event of Default has occurred and is continuing), (b) the Liquidation Agent (when exercising its rights to direct the disposition of such Portfolio Asset under Section 12.1(c)) or (c) the Trustee (when attempting to dispose of such Portfolio Asset pursuant to Article 5 and not at the direction of the Liquidation Agent pursuant to Section 12.1(c)) has made commercially reasonable efforts (or, in the case of (b), the Issuer or Trustee at the Liquidation Agent’s direction has made commercially reasonable efforts) to dispose of such Portfolio Asset for at least 90 days but has been unable to sell such Portfolio Asset and in the Liquidation Agent’s commercially reasonable judgment such Portfolio Asset is not expected to be saleable for the foreseeable future.

Illiquid Asset means, as of any date, any asset for which (a) there is no established public or private institutional trading market, such that such asset may be reasonably expected to be sold in such market within ten (10) days in the ordinary course of business at a price approximating the Value of such asset on such date subject only to fluctuations in the market price therefor, (b) the fair market value of such asset is not readily ascertainable from recognized independent sources in the market for such assets or is not readily determinable using procedures approved by the Board of Directors of the Borrower, or (c) are otherwise categorized as “illiquid securities” by the Borrower or the Investment Adviser.

Illiquid Asset. Any Portfolio Asset with respect to which either (a) the Collateral Manager (if no Event of Default has occurred and is continuing), (b) the Liquidation Agent (when exercising its rights to direct the disposition of such Portfolio Asset under Section 12.1(c)) or (c) the Trustee (when attempting to dispose of such Portfolio Asset pursuant to Article V and not at the direction of the Liquidation Agent pursuant to Section 12.1(c)) has made commercially reasonable efforts (or, in the case of (b), the Issuer or Trustee at the Liquidation Agent's direction has made commercially reasonable efforts) to dispose of such Portfolio Asset for at least 90 days but has been unable to sell such Portfolio Asset and in the Liquidation Agent’s commercially reasonable judgment such Portfolio Asset is not expected to be saleable for the foreseeable future.

Illiquid Asset means as of any date, any asset for which (a) there is no established public or private institutional trading market, such that such asset may be reasonably expected to be sold in such market within seven (7) days in the ordinary course of business at a price approximating the Asset Value of such asset on such date subject only to fluctuations in the market price therefor, (b) the fair market value of such asset is not readily ascertainable from recognized independent sources in the market for such assets or is not readily determinable using procedures approved by the Board of Trustees of the Borrower, or (c) are otherwise categorized as “illiquid securities” by the Borrower or the Investment Manager.