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 Manager for approval by the Limited Partners at the Special Meeting to be implemented on or about April 1, 2024 but in any event not later than July 1, 2024 at the discretion of the Manager. Any such proposal will be subject to approval by Extraordinary Resolution.

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).

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.

• Dissolution or Continuation If the Mutual Fund Rollover Transaction is not completed, then, in the discretion of the General Partner, the Partnership may: (a) undertake a Liquidity Alternative as approved at a Special Meeting, (b) be dissolved and, subject to the Performance Bonus Allocation, its net assets distributed pro rata to the Limited Partners, or (c) subject to approval by Extraordinary Resolution, continue in operation with an actively managed portfolio.

• The General Partner intends that the Liquidity Alternative will be the sale of the Partnership’s assets for cash, whereupon the proceeds shall be distributed to Limited Partners, pro rata, up to and upon the dissolution of the Partnership.

• Liquidity: Alternative Approaches to Money, Finance and Accounting, Milan 2013, S.

• In order to provide Limited Partners with enhanced liquidity, the General Partner intends, if all necessary approvals are obtained, to implement a Liquidity Alternative.

• 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.

• The deductions of the Agents’ commissions and other expenses of the Offering and the Operating Costs may be realized by the Limited Partner and not within the Partnership depending on the date the Liquidity Alternative is implemented.

• 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.

More Definitions of Liquidity Alternative

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 General Partner for approval by the Limited Partners at the Special Meeting to be held not later than February 28, 2019, 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 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

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.

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.