Common use of Restrictions on Transfer or Blockage Clause in Contracts

Restrictions on Transfer or Blockage. Any security which is held under a representation that it has been acquired for investment purposes and not with a view to public sale or distribution, or which is held subject to any other restriction on transfer, or where the size of the Partnership’s holdings compared to the trading volume would adversely affect the marketability of such security, shall be valued at such discount as the Program Manager deems reasonably necessary to reflect the marketability and value of such security.

Appears in 1 contract

Samples: Limited Partnership Agreement (Woodbridge Holdings Corp (Formerly Levitt Corp))

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Restrictions on Transfer or Blockage. Any security which is held under a representation that it has been acquired for investment purposes and not with a view to public sale or distribution, or which is held subject to any other restriction on transfer, or where the size of the Partnership’s holdings compared to the trading volume would adversely affect the marketability of such security, shall be valued at such discount as the Program Manager General Partner deems reasonably necessary to reflect the marketability and value of such security.

Appears in 1 contract

Samples: Limited Partnership Agreement (Woodbridge Holdings Corp (Formerly Levitt Corp))

Restrictions on Transfer or Blockage. Any security which that is held under a representation that it has been acquired for investment purposes and not with a view to public sale or distribution, or which that is held subject to any other restriction on transfer, or where the size of the Partnership’s holdings compared to the trading volume would adversely affect the marketability of such securityits marketability, shall be valued at such discount from the value determined under Section 9.1 as the Program Investment Manager deems reasonably necessary to reflect the marketability and value of such security.

Appears in 1 contract

Samples: Limited Partnership Agreement

Restrictions on Transfer or Blockage. Any security which is held under a representation that it has been acquired for investment purposes and not with a view to public sale or distribution, or which is held subject to any other restriction on transfer, or where the size of the PartnershipCompany’s holdings compared to the trading volume would adversely affect the marketability of such security, shall be valued at such discount as the Program Manager deems reasonably necessary to reflect the marketability and value of such security.

Appears in 1 contract

Samples: Limited Partnership Agreement (Woodbridge Holdings Corp (Formerly Levitt Corp))

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Restrictions on Transfer or Blockage. Any Subject to the ------------------------------------ proviso in Section 7.1, any security which is held under a representation that it has been acquired for investment purposes and not with a view to public sale or distribution, or which is held subject to any other restriction on transfer, or where the size of the Partnership’s Company's holdings compared to the trading volume would adversely affect the marketability of such securityits marketability, shall be valued at such discount from the value determined under Section 7.1 above as determined by the Program Manager deems reasonably necessary Managers to properly reflect the marketability and value of such security.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Phoenix Duff & Phelps Corp)

Restrictions on Transfer or Blockage. Any security which is ------------------------------------ held under a representation that it has been acquired for investment purposes and not with a view to public sale or distribution, or which is held subject to any other restriction on transfer, or where the size of the Partnership’s 's holdings compared to the trading volume would adversely affect the marketability of such securityits marketability, shall may be valued at such discount from the value determined under Section 10.1 as the Program Manager ------------ General Partner deems reasonably necessary to reflect the marketability and value of such security.

Appears in 1 contract

Samples: Limited Partnership Agreement (Civc Sbic Fund LLC)

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