Common use of Restrictions on Transfer or Blockage Clause in Contracts

Restrictions on Transfer or Blockage. Subject to the ------------------------------------ proviso in Section 7.1, any security which is held under a representation that it has been acquired for investment 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 Company's holdings compared to the trading volume would affect its marketability, shall be valued at such discount from the value determined under Section 7.1 above as determined by the Managers to properly reflect the marketability of such security.

Appears in 1 contract

Samples: Phoenix Duff & Phelps Corp

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Restrictions on Transfer or Blockage. Subject to the ------------------------------------ proviso in Section 7.1, any 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 Company's Partnership’s holdings compared to the trading volume would adversely affect its marketabilitythe marketability of such security, shall be valued at such discount from as the value determined under Section 7.1 above as determined by the Managers General Partner deems reasonably necessary to properly reflect the marketability and value of such security.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Woodbridge Holdings Corp (Formerly Levitt Corp))

Restrictions on Transfer or Blockage. Subject to the ------------------------------------ proviso in Section 7.1, any 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 Company's Partnership’s holdings compared to the trading volume would adversely affect its marketabilitythe marketability of such security, shall be valued at such discount from as the value determined under Section 7.1 above as determined by the Managers Program Manager deems reasonably necessary to properly reflect the marketability and value of such security.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Woodbridge Holdings Corp (Formerly Levitt Corp))

Restrictions on Transfer or Blockage. Subject to the ------------------------------------ proviso in Section 7.1, any 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 Company's ’s holdings compared to the trading volume would adversely affect its marketabilitythe marketability of such security, shall be valued at such discount from as the value determined under Section 7.1 above as determined by the Managers Program Manager deems reasonably necessary to properly reflect the marketability and value of such security.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Woodbridge Holdings Corp (Formerly Levitt Corp))

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Restrictions on Transfer or Blockage. Subject to the ------------------------------------ proviso in Section 7.1, any Any security which that is held under a representation that it has been acquired for investment 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 Company's Partnership’s holdings compared to the trading volume would adversely affect its marketability, shall be valued at such discount from the value determined under Section 7.1 above 9.1 as determined by the Managers Investment Manager deems reasonably necessary to properly reflect the marketability and value of such security.

Appears in 1 contract

Samples: Limited Partnership Agreement

Restrictions on Transfer or Blockage. Subject to the ------------------------------------ proviso in Section 7.1, any Any security which is ------------------------------------ held under a representation that it has been acquired for investment 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 CompanyPartnership's holdings compared to the trading volume would adversely affect its marketability, shall may be valued at such discount from the value determined under Section 7.1 above 10.1 as determined by the Managers ------------ General Partner deems necessary to properly reflect the marketability and value of such security.

Appears in 1 contract

Samples: Civc Sbic Fund LLC

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