Illiquid Assets definition

Illiquid Assets means with respect to a Borrower at any date of determination, the fair market value of such Borrower’s investments (or any portion thereof) in hedge funds:

Illiquid Assets. As of any date of determination, collectively, the Borrower’s Eligible Investments (or any portion thereof) (i) in respect of which redemptions are suspended or subject to application of a fund-level gate (but only in respect of that portion of such Eligible Investments subject to such suspension or gate), (ii) that do not permit redemptions by the end of the twelfth (12th) month immediately following such date of determination, (iii) in the Borrower’s “Direct Credit (Co-Investments)” strategy and all sub-strategies thereunder and asset classes associated therewith or (iv) in private real estate investment trusts (REITs).

Illiquid Assets means any realproperty, security, obligation, or other asset that—

Examples of Illiquid Assets in a sentence

• Notwithstanding the foregoing, the Trustee shall not be under any obligation to dispose of or offer for sale any Illiquid Assets pursuant to clause (a) above if the Trustee is not reasonably satisfied that payment of all expenses, costs and liabilities to be incurred by the Trustee in connection with such disposition or offer, as the case may be, are indemnified or provided for in a manner acceptable to the Trustee.

• If the Assets consist exclusively of Illiquid Assets, Eligible Investments and/or Cash, the Portfolio Manager may request bids with respect to each such Illiquid Asset as described below after providing notice to the Holders and requesting that any Holder that wishes to bid on any such Illiquid Asset notify the Trustee (with a copy to the Portfolio Manager) of such intention within 15 Business Days after the date of such notice.

• In any event, the Trustee shall have no liability for the results of any such sale or disposition of Illiquid Assets, including, without limitation, if the proceeds received, if any, are insufficient to pay all outstanding Administrative Expenses in full.

• Notes Receivable On January 26, 2009, the Global Parent Company and the Dutch government (“Dutch State”) announced that they reached an agreement on an Illiquid Assets Back-Up Facility (“Facility”) term sheet.

• Adjustments to reflect the settlement of the note receivable associated with the ING Direct Illiquid Assets Back-Up Facility (the “Facility”).

More Definitions of Illiquid Assets

Illiquid Assets has the meaning set forth in Section 3.4 hereof.

Illiquid Assets means any real property, security, obligation, or other asset that–

Illiquid Assets means assets that cannot be readily converted into cash due to the nature of the asset or the condition of the market;

Illiquid Assets means any real property, security, obligation, or otherasset that—

Illiquid Assets means any real prop- erty, security, obligation, or other asset that—

Illiquid Assets mean (i) the student loans made or held by Borrower that do not qualify as FFELP Loans or Private Loans pursuant to Section 4.13 (Student Loans), (ii) the portion of the aggregate outstanding principal amount (including accrued interest to be capitalized) of the FFELP Loans and Private Loans that cannot be funded pursuant to FFELP Loan Funding or Private Loan Funding, and (iii) any Retained Securitization Interests.

Illiquid Assets means, as of any date, the sum, without duplication, of (i) memberships in exchanges, (ii) furniture, equipment and leasehold improvements, (iii) goodwill, (iv) intangible assets, (v) the applicable haircuts on securities owned by the Parent or its Subsidiaries, (vi) the applicable haircuts on trade receivables, (vii) any assets of a Broker-Dealer Subsidiary that would be deducted from Regulatory Capital in determining net regulatory capital, (viii) any asset for which a reserve has been established, and (ix) any other assets that in accordance with GAAP or pursuant to the guidelines provided by Moody’s as in effect as of the Closing Date, are to be treated as “illiquid”.