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Unrepeatable location opening and liquidation: constraints (22) ensure that locations opened during the investor's engagement cannot be liquidated and vice versa.
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Constraints (18) analogously concern liquidations of locations at the beginning of time period t = 1, which were part of the initial configuration.
In this context, constraints (14) guarantee that the locations' availability is excluded after liquidation.
π < ω or φ ∉ τ (external funds available, irrespective of tangibility of assets) Borrowing constraints for financially constrained firm can be given by creditor's liquidation value of the firm (τl).
Usually this relationship between such decisions endogenously results from significant differences between opening and liquidation cash flows, but it is manifested for the given planning horizon by the aforementioned constraints for reasons of planning continuity and reliability.
Of course, these hedge funds may be deterred by the financial and political constraints of local governments, which must pay police and collect trash and cannot be forced into liquidation.
Liquidation etiquette.
"Fire-sale liquidation".
§ 36.4513 Foreclosure and liquidation.
Prepayment, acceleration, and liquidation.
Chapter 7 is liquidation.
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