Liquidity Alternative definition

Liquidity Alternative means a transaction implemented by the General Partner, in the General Partner’s sole discretion, before September 30, 2021, in order to improve liquidity for Limited Partners. The exact timing of the Liquidity Alternative will be determined based primarily on the Investment Advisor and Fund Manager’s equity market trend outlook during that time. The General Partner currently anticipates the Liquidity Alternative will be the sale of the Partnership’s assets for cash, whereupon the proceeds shall be distributed to the Partners upon the dissolution of the Partnership.
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Liquidity Alternative. ’ means an alternative to the Mutual Fund Rollover Transaction or dissolution of the Partnership which may be proposed by the Manager for approval by the Limited Partners at the Special Meeting to be implemented on or about April 1, 2014 but in any event not later than July 1, 2014, at the discretion of the Manager. Any such proposal will be subject to approval by Extraordinary Resolution.
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Liquidity Alternative means an alternative to the Mutual Fund Rollover Transaction or dissolution of the Partnership which may be proposed by the General Partner for approval by the Limited Partners at the Special Meeting. Any such proposal will be subject to approval by Extraordinary Resolution.
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Examples of Liquidity Alternative in a sentence

  • Prior to the earlier of: (a) the dissolution of the Partnerships; (b) the date on which a Liquidity Alternative is completed; and (c) the maturity date of the Loan Facility, all amounts outstanding under the Loan Facility, including all interest accrued thereon, will be repaid in full.

  • The Partnership will also pay all expenditures which may be incurred in connection with the Liquidity Alternative and the dissolution of the Partnership.

  • Prior to the earlier of: (a) the dissolution of the Partnership; (b) the date on which a Mutual Fund Rollover Transaction or Liquidity Alternative is completed; or (c) the maturity date of the Loan Facility, all amounts outstanding under the Loan Facility, including all interest accrued thereon, will be repaid in full.

  • There is no assurance that the Liquidity Alternative or any alternative transaction will be proposed, will receive any necessary approvals (including regulatory approvals), will be implemented or will be implemented on a tax-deferred basis.

  • Prior to the earlier of: (a) the dissolution of the Partnership; (b) the date on which a Mutual Fund Rollover Transaction or Liquidity Alternative is completed; or(c) the maturity date of the Loan Facility, all amounts outstanding under the Loan Facility, including all interest accrued thereon, will be repaid in full.

  • Ninepoint 2021 Flow-Through Limited Partnership and Ninepoint 2021 Short Duration Flow-Through Partnership intend to implement a Mutual Fund Rollover Transaction prior to February 28, 2023 and Ninepoint 2022 Flow-Through Limited Partnership intends to implement a Mutual Fund Rollover Transaction prior to February 29, 2024, unless the Limited Partners approve a Liquidity Alternative, as defined in the Partnership’s prospectus, at a special meeting held for such purpose.

  • Ninepoint 2021 Flow-Through Limited Partnership and Ninepoint 2021 Short Duration Flow-Through Partnership intend to implement a Mutual Fund Rollover Transaction prior to February 28, 2023, unless the Limited Partners approve a Liquidity Alternative, as defined in the Partnership’s prospectus, at a special meeting held for such purpose.

  • The Fund Manager will pay all expenses related to implementing the Liquidity Alternative.

  • The Partnership will not purchase the securities of any investment fund except for securities of a money market mutual fund that qualifies as a High Quality Liquid Investment and in connection with the Fund Rollover Transaction or a Liquidity Alternative, if applicable, and in compliance with NI 81-102.

  • Ninepoint 2022 Flow-Through Limited Partnership, and Ninepoint 2022 Short Duration Flow-Through Limited Partnership intend to implement a Mutual Fund Rollover Transaction prior to February 28, 2024, unless the Limited Partners approve a Liquidity Alternative, as defined in the Partnership’s prospectus, at a special meeting held for such purpose.


More Definitions of Liquidity Alternative

Liquidity Alternative means an alternative transaction to the Mutual Fund Rollover Transaction or dissolution of the Partnership and distribution of the net assets of the Partnership to the Limited Partners whereby the Partnership exchanges its assets for securities of a mutual fund corporation subject to NI 81-102, other than the Mutual Fund Corporation, or other appropriate investment vehicle that is a reporting issuer, and that such securities be distributed to the Limited Partners on a tax-deferred basis. Any such proposal will be subject to approval by Special Resolution (being a resolution passed by a two-thirds majority of votes cast at a meeting of Limited Partners which shall be held no later than December 31, 2018 to consider such proposal).
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Liquidity Alternative means an alternative to the Mutual Fund Rollover Transaction or dissolution of the Partnership which may be proposed by the General Partner for approval by the Limited Partners at the Special Meeting to be held in the period between January 15, 2022 and February 28, 2022, at the discretion of the General Partner. Any such proposal will be subject to approval by Extraordinary Resolution.
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Liquidity Alternative means an alternative to the Fund Rollover Transaction or dissolution of the Partnership which may be proposed by the General Partner for approval by the Limited Partners at a Special Meeting to be implemented, subject to the terms of the Partnership Agreement, not later than the Termination Date, at the discretion of the General Partner. Any such proposal will be subject to approval by Extraordinary Resolution, and it shall further be a requirement of any such proposal that any securities issued to Limited Partners pursuant thereto shall be of a reporting issuer under Canadian securities legislation.
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Liquidity Alternative means an alternative to the termination of the Partnership, which the General Partner may propose for the approval of the Limited Partners at a special meeting of Limited Partners, which may include: (i) a transaction pursuant to which the Partnership will transfer its assets to an open-end "mutual fund corporation" or "mutual fund trust" for purposes of the Tax Act existing under the laws of Canada (to be established by the General Partner specifically for the Partnership's assets and managed by the Portfolio Manager) on a tax-deferred basis in exchange for securities of the mutual fund corporation or mutual fund trust, within 60 days of which, upon the dissolution of the Partnership, the securities of the mutual fund corporation or mutual fund trust will be distributed to the Limited Partners, pro rata, on a tax- deferred basis, provided that no such alternative may be proposed which affects the status of the Flow-Through Securities as flow-through shares for income tax purposes, whether prospectively or retroactively; or (ii) such other form of transaction resulting in liquidity to the Limited Partners as the General Partner determines, in its discretion, to be in the best interests of the Limited Partners. Any such proposal will be subject to approval by Special Resolution.
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Liquidity Alternative means a transaction implemented by the Investment Advisor and Fund Manager, in the Investment Advisor and Fund Manager’s sole discretion, before March 31, 2025, in order to improve liquidity for Limited Partners. The exact timing of the Liquidity Alternative will be determined based primarily on the Investment Advisor and Fund Manager’s equity market trend outlook during that time. The Investment Advisor and Fund Manager currently anticipates the Liquidity Alternative will be the sale of the Partnership’s assets for cash, whereupon the proceeds shall be distributed to the Partners upon the dissolution of the Partnership.
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Liquidity Alternative. ’ means an alternative to the Mutual Fund Rollover Transaction or dissolution of the Partnership which may be proposed by the Manager for approval by the Limited Partners at the Special Meeting
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Related to Liquidity Alternative

  • Liquidity Amount means, as of any date of determination, the sum of (a) the Aggregate Borrowing Availability as of such date and (b) the Unrestricted Cash Amount as of such date.

  • Liquidity Advance means a loan, advance, purchase or other similar action made by a Liquidity Provider pursuant to a Liquidity Agreement.

  • Replacement Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Liquidity Agent means any bank or other financial institution acting as agent for the various Liquidity Providers under each Liquidity Agreement.

  • Replacement Liquidity Facility Responsible Officer", "Scheduled Payment", "Special Payment", "S&P", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Trust Agreement", "Trustee", "Underwriters", "Underwriting Agreement", "United States" and "Written Notice".

  • Class A Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Class A Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Alternative Investment Vehicle means an entity created in accordance with the Operative Documents of a Borrower to make investments and that has the right to call on Capital Commitments directly from Investors.

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

  • Downgrade Drawing has the meaning assigned to such term in Section 3.6(c).

  • Class B Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Liquidity Agreement means a liquidity loan agreement, asset purchase agreement or similar agreement entered into by a Conduit Lender with a group of financial institutions in connection with this Agreement.

  • Alternative fuel vehicle means a vehicle designed to be capable of running on at least one type of fuel that is either gaseous at atmospheric temperature and pressure, or substantially non-mineral oil derived.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Liquidity Commitment means, as to each Committed Lender in any Conduit Group, its commitment to such Conduit Group’s Conduit under the Liquidity Agreements, (which shall equal 102% of such Conduit Group’s Percentage of the Aggregate Commitment hereunder).

  • Liquidity Condition means an event of immediate termination or suspension as specified in a Liquidity Facility, upon the occurrence of which the Standby Purchaser is not obligated to purchase Multi-Modal Bonds, and, accordingly, such Bonds are not subject to tender for purchase.

  • Class B Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Liquidity Facility “Loan Trustee”, “Long-Term Rating”, “Non-Extended Facility”, “Operative Agreements”, “Participation Agreements”, “Performing Equipment Note”, “Person”, “Pool Balance”, “Rating Agencies”, “Regular Distribution Date”, “Replacement Liquidity Facility”, “Responsible Officer”, “Series A Equipment Notes”, “Scheduled Payment”, “Short-Term Rating”, “Special Payment”, “Stated Interest Rate”, “Subordination Agent”, “Taxes”, “Threshold Rating”, “Trust Agreement”, “Trustee”, “Underwriters”, “Underwriting Agreement” and “United States”.

  • Liquidity Termination Date means the earlier to occur of the following:

  • Alternative Financing has the meaning set forth in Section 5.14(b).

  • Rating Agency Declination As defined in the definition of “Rating Agency Confirmation” in this Agreement.

  • Applicable Liquidity Rate has the meaning specified in Section 3.07(g).

  • Companion Loan Rating Agency Declination As defined in the definition of “Companion Loan Rating Agency Confirmation” in this Agreement.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • liquidity risk means the risk that a position in the portfolio cannot be sold, liquidated or closed out at limited cost in an adequately short time frame and that the ability of the investment service provider to liquidate positions in an individual portfolio in accordance with the contractual requirements of the portfolio management mandate, is thereby compromised;

  • Rating Date means the date which is 90 days prior to the earlier of (i) a Change in Control and (ii) public notice of the occurrence of a Change in Control or of the intention of the Company to effect a Change in Control.