Maintain Properties - Liquid Assets Sample Clauses
The "Maintain Properties - Liquid Assets" clause requires a party, typically a borrower, to ensure that certain assets remain in a liquid form, meaning they can be easily converted to cash. In practice, this may involve maintaining a minimum balance in cash or marketable securities, or restricting the conversion of these assets into less liquid forms such as real estate or long-term investments. The core function of this clause is to ensure that the party has sufficient readily available resources to meet financial obligations, thereby reducing the lender's risk of default due to illiquidity.
Maintain Properties - Liquid Assets. If the Guarantor is a corporation, partnership, limited partnership, limited liability partnership, limited liability limited partnership, or limited liability company, it shall not, without the prior written consent of Bank, sell, transfer or otherwise dispose of all or substantially all of Guarantor’s properties (tangible or intangible), except in the ordinary course of business. If the Guarantor is an individual, he/she shall not, without the prior written consent of the Bank, sell, transfer or otherwise dispose of any of his/her personal liquid assets of any kind to any trust, entity, spouse, child, sibling, or any unrelated third party. Liquid Assets includes but is not limited to all securities and/or securities accounts, bonds, mutual funds, certificates of deposit, money market accounts, U.S. Treasuries and other federal agency instruments, hedge funds, derivative accounts and other investment instruments.
Maintain Properties - Liquid Assets. Not dispose of all or substantially all of guarantor's properties (tangible or intangible).
Maintain Properties - Liquid Assets. Not dispose of all or substantially all of Jushi VA, LLC’s assets (tangible or intangible), or sell or transfer any of Jushi VA, LLC,’s material assets except in the ordinary course of business, in either case without the prior written consent of Lender. Further, Jushi Holdings shall provide Lender with prior written notice of the sale or transfer of any of its material assets, except for sales or transfers in the ordinary course of business.