Readily Marketable Securities definition

Readily Marketable Securities means securities readily marketable on regulated United States national or principal regional security exchanges or those determined by the Securities Valuation Office of the NAIC to have substantially equivalent liquidity characteristics.

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Readily Marketable Securities means securities for which a public market exists or which the Company reasonably believes can be reduced to cash within 12 months of the receipt thereof.

Examples of Readily Marketable Securities in a sentence

Alternatively, MLF may elect to satisfy its obligations under this paragraph (f)(ii) 25% through clause (A), 25% through clause (B) and 50% through clause (C) by depositing into a segregated account $5 million of Cash and Cash Equivalents, Readily Marketable Securities with a net Fair Market Value of $12.5 million and a letter committing the issuing institution to provide, on margin, $10 million.
MLF agrees, on behalf of itself and the MLF Funds, that each of MLF and the MLF Funds shall keep on hand, until the transactions contemplated hereby are consummated or this Agreement is earlier terminated, Cash and Cash Equivalents and/or Readily Marketable Securities sufficient in amount to satisfy their collective obligations hereunder.
By way of illustration only, MLF may elect to satisfy its obligations under this paragraph (f)(ii) 50% through clause (A) and 50% through clause (B) by depositing into a segregated account $10 million of Cash and Cash Equivalents and Readily Marketable Securities with a net Fair Market Value of $25 million.
In determining whether the foregoing requirements with respect to the application of net proceeds has been satisfied, the application of all cash and Readily Marketable Securities received as net proceeds in all sales or other dispositions constituting such Disposition Condition shall be considered.
The percentage of any IRR Payment that is made in the form of Readily Marketable Securities shall be the same as the percentage of the Cash Inflow in the IRR Payment Event from which such IRR Payment results that consists of Readily Marketable Securities, and the portion of any IRR Payment that consists of Readily Marketable Securities shall be valued at the Fair Market Value thereof as of the date of the related IRR Payment Event.

More Definitions of Readily Marketable Securities

Readily Marketable Securities means securities that are listed on such international stock exchange as may be approved in advance by both the TPG Investor and the KKR Investor;

Readily Marketable Securities means securities that are listed on such international stock exchange as may be approved in advance by both the TPG Investor and the KKR Investor.

Readily Marketable Securities means the aggregate current market value of marketable securities listed or admitted to trading on the New York Stock Exchange or the American Stock Exchange or quoted on the NASDAQ National Market and legally and beneficially owned by the Borrower and/or by the Guarantor free and clear of all liens, security interests, options, charges, encumbrances and restrictions, including, but not limited to, restrictions (contractual or otherwise) on the transferability of such securities, but excluding restrictions on the transferability of any such marketable securities imposed by Rule 144 so long as a minimum of three years has elapsed or is deemed to have elapsed pursuant to Rule 144 since the later of (a) the date of the acquisition by the Borrower of such marketable securities from the respective issuers thereof or from any affiliate (as that term is defined in paragraph (a)(1) of Rule 144) of any such issuers and (b) the date of payment by the Borrower of the full purchase price or other consideration paid or given to acquire such marketable securities from the respective issuers thereof or from any affiliate (as that term is defined in paragraph (a)(1) of Rule 144). For the purposes of Section 5.02(b), the current market value of any marketable security quoted on the NASDAQ National Market shall mean the closing bid price as quoted for such security on the NASDAQ National Market on the Business Day immediately preceding the date of determination, and the current market value of any marketable security listed or admitted to trading on the New York Stock Exchange or the American Stock Exchange shall mean the last reported sale price of such security on the New York Stock Exchange or the American Stock Exchange, as the case may be, on the Business Day immediately preceding the date of determination or, if no such reported sale takes place on such immediately preceding Business Day, the average of the last reported bid and asked prices for such security on the New York Stock Exchange or the American Stock Exchange, as the case may be, on such immediately preceding Business Day.

Readily Marketable Securities means, at any date of determination, marketable securities listed or admitted to trading on the New York Stock Exchange or the American Stock Exchange or quoted on the Nasdaq National Market so long as, in the case of any such securities the transfer of which is restricted by Rule 144, such securities satisfy the requirements of subsection (k) of Rule 144 at such date.

Readily Marketable Securities means equity and debt securities that are listed for trading on a United States exchange or automated quotation system (which shall not include, however, the pink sheets or other similar “▇▇▇▇▇ stock” market).

Readily Marketable Securities means securities for which a public market exists or which the Company reasonably believes can be reduced to cash within 12 months of the receipt thereof. “Redemption Date,” with respect to any Security or portion thereof to be redeemed, means the date fixed for such redemption by or pursuant to this Indenture or such Security.

Readily Marketable Securities means any securities listed or traded on the New York Stock Exchange, American Stock Exchange, NASDAQ National Market which, as a matter of law, shall, at the time of acquisition, be freely saleable in unlimited quantities by the HMC Group to the public, either pursuant to an effective registration statement under the Securities Act or without the necessity of such registration or subject to a contractual demand registration right which is exercisable within a period of one year from the date of acquisition.