Illiquid Securities. Customer understands that there is a restricted market for illiquid securities and that, therefore, it may be difficult to deal in such securities or to obtain reliable information about their value. Customers who choose to trade in illiquid securities assume a larger risk.
Illiquid Securities. If the Lead Investors receive an illiquid security of the Company, any of its Subsidiaries or any third party (an “Illiquid Security”) in connection with a Drag Along Transaction and the Co-Investors receive the same Illiquid Security as a result of the Drag Along Transaction, then the Company will use commercially reasonable efforts to provide the Co-Investors, with respect to such Illiquid Security, with relative rights and obligations in such Illiquid Security on terms and conditions no less favorable in any material respect to their relative rights and obligations under this Agreement.
Illiquid Securities. Such Lender is aware that no public market exists for the Company’s securities, and despite the fact that the Company is planning to conduct an initial Public Offering, there can be no assurance that such Public Offering will be completed or that a public market will ever be created for any of the Company’s securities. As such, Lender understands that it may be required to hold the Bridge Securities for an indefinite period of time (subject to the maturity provisions of the Secured Promissory Notes).
Illiquid Securities. The Fund has percentage limitations that apply to purchases of illiquid securities, as stated in the Prospectus. As a matter of fundamental policy, the Fund cannot purchase any securities that are subject to restrictions on resale.
Illiquid Securities. The Fund may invest in junk bonds, Corporate Loans, convertible debt securities, preferred securities and other securities that lack a secondary trading market or are otherwise considered illiquid. Liquidity of a security relates to the ability to easily dispose of the security and the price to be obtained upon disposition of the security, which may be less than would be obtained for a comparable more liquid security. The Fund has no limitation on the amount of its investments that are not readily marketable or are subject to restrictions on resale. Illiquid securities may be subject to wide fluctuations in market value. The Fund may be subject to significant delays in disposing of certain high yield securities. As a result, the Fund may be forced to sell these securities at less than fair market value or may not be able to sell them when the Investment Adviser believes that it is desirable to do so. Illiquid securities also may entail registration expenses and other transaction costs that are higher than those for liquid securities. Such investments may affect the Fund’s ability to realize the net asset value in the event of a voluntary or involuntary liquidation of its assets.
Illiquid Securities. Markets in illiquid securities may be underdeveloped compared to other markets and there may be an absence of liquidity. This means that it may be difficult to dispose of the investment and also there may be more volatility in the price of the in- vestment with the consequence that you may suffer greater loss. Such investments carry a significant amount of risk and may therefore be unsuitable for you. The value of income from such investments may fluctuate. You should only consider such an investment if you are knowledgeable about and experienced in the relevant areas so that you are able to assess the risks entailed in making the investment.
Illiquid Securities. Seller realizes that the Common Shares cannot readily be sold as they will be restricted securities.
Illiquid Securities. At the time of the Company's dissolution for any reason, the Board of Managers may determine in its sole discretion that it would not be prudent to sell at such time certain of the Company's securities in connection with the dissolution because of a lack of liquidity or otherwise. In such event, any Securities not sold as part of the dissolution shall be assigned to a trustee who shall collect all sums that may become due and payable with respect to such securities and who shall have full power to vote and dispose of such securities in such manner as it deems in its sole good faith business judgment is in the best interest of the Members receiving the proceeds of the dissolution.
Illiquid Securities. If any illiquid or unmarketable securities are transferred into an Account of Client and Summit wishes to liquidate such securities but such securities cannot be promptly liquidated, the securities must be transferred out of the Account or disposed of by Client within thirty (30) days after notice is sent to Client.
Illiquid Securities. In the event that a Drag-Along Stockholder receives Illiquid Securities as proceeds in connection with a Transfer pursuant to Section 6 of the Management Stockholders Agreement, or in the event that a Tagging Stockholder receives Illiquid Securities as proceeds in connection with a Transfer pursuant to Section 7 of the Management Stockholders Agreement, such Drag-Along Stockholder or Tagging Stockholder, as applicable, shall receive registration rights with respect to such securities that are substantially similar to the registration rights applicable to “Registrable Securities” under this Agreement to the extent registration rights are received by the Majority Stockholders with respect to such Illiquid Securities.
