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 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, (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 Investment 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. 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.

Examples of Illiquid Asset in a sentence

• The Trustee shall have no duty, obligation or responsibility with respect to the sale of any Illiquid Asset under this Section 4.4(b) other than to act upon the written instruction of the Collateral Manager and in accordance with the express provisions of this Section 4.4(b).

• On the other hand, if a is odd, then 2 is not a common divisor of a and 2 (since 2 does not divide a), and thus(cannot be the greatest common divisor of a and 2; hence, in this case, we have gcd (a, 2) /= 2 and thus gcd (a, 2) = 1.

• Net liquid assets per share = Total Assets – Illiquid Asset – Long Term Liabilities – Currents Liabilities No. of Shares Outstanding In addition to aforementioned Shariah filters, a company must also meet “Technical Screenings Filters” to be eligible for Shariah complaint Stock Index (KMI-30)1.

• The primary performances indices highlighted earlier in the BP include:  Interest Cover Ratio (1.3.7i) Loan to Value Ratio (1.3.7ii) Return on Equity (2.1) Illiquid Asset Ratio (2.2) Over-and-above these indices, there are other indicators that would be useful to monitor the CIS, however most of these will come into play as the CIS matures.

• I obtain very similar results if I remove households with Roth IRAs from the sample.Table 2: Illiquid Asset Withdrawal Probabilities‌ Notes: Probabilities constructed using sampling weights from a sample of 4211 households from the 2004 to 2016 waves of the SCF.

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.

Illiquid Asset. The meaning specified in Section 12.3.

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 means an asset or Security whose conversion to cash at fair market value is limited for at least 45 days.

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 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.