Liquidity Alternative definition
Liquidity Alternative means a transaction implemented by the General Partner, in the General Partner’s sole discretion, before March 31, 2023, 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.
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.
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.
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).
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.
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.
Liquidity Alternative means a transaction implemented by the General Partner, in the General Partner’s sole discretion, between March 31, 2019 and September 30, 2019, 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 provided that the dissolution of the Partnership will not occur prior to April 1, 2019. The General Partner currently anticipates the Liquidity Alternative will be the sale of
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" for purposes of the Tax Act existing under the laws of Canada (to be established by the General Partner specifically to acquire the Partnership's assets and managed by the Portfolio Manager) on a tax-deferred basis in exchange for securities of the mutual fund corporation, within 60 days of which, upon the dissolution of the Partnership, the securities of the mutual fund corporation 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 (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, 2017 to consider such proposal). See "Item 2 – Business of Gravitas Select Flow-Through Limited Partnership III – Our Business – Liquidity Alternative".
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
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.