Asset Valuation. For the purposes of all reports made by the Manager to the Company, assets will be valued at fair value as determined in good faith by the Manager; provided that the valuation methods used by the Manager shall be described in writing to the Company. The Manager and the FRBNY agree to cooperate, in good faith, to reach resolution to the extent that the FRBNY has concerns about the Manager’s pricing methodology. At the Company’s request, in the absence of readily available pricing for certain assets, the Manager shall assist the FRBNY at the FRBNY’s request to calculate the pricing for such assets. For the avoidance of doubt, the Manager is not acting as the Company’s valuation agent, and nothing in this Section 9.3 should be understood to imply otherwise.
Asset Valuation. (a) Section 6.21(a) of the Sellers Disclosure Letter sets forth Sellers' GAAP carrying value as of December 31, 2004 of each of the assets within the asset classes described therein as "Commercial & Agricultural Loans", "Direct Real Estate Equity Investments", "Direct Private Equity Investments" and "Private Placements" (each, an "Asset Class" and collectively, the "Asset Classes"). The aggregate of the GAAP carrying value of all such assets in all Asset Classes is herein referred to as the "Sellers Carrying Value."
Asset Valuation. (A) As of the close of business on each Business Day, the investments of the Government Fund shall be valued by the Trustees, using such consistent method or basis of valuation and based upon such sources of information as will, in the Trustees' opinion, result in the fair and equitable valuation of the Government Fund and its assets. The investments of the Short Term Liquidity Fund shall be valued by the Trustees weekly, using such consistent method or basis of valuation and based upon such sources of information as will, in the Trustees' opinion, result in the fair and equitable valuation of the Short Term Liquidity Fund and its assets. The Trustees, insofar as practicable, shall utilize the following basic guidelines:
Asset Valuation. Constellation Trust Company shall periodically value the assets in your XXX account utilizing various outside sources available to it. However, Constellation Trust Company shall not guarantee the accuracy of prices obtained from quotation services, independent appraisal services, investment sponsors or parties related thereto or other outside sources. Values for brokerage accounts shall be equal to the total equity value of the account, and shall reflect only those assets which are priced by the brokerage firm. Individual assets held within the brokerage account shall not be listed or priced individually on statements furnished by Constellation Trust Company. In the absence of direction from the Secretary of the Treasurer or his authorized representative to the contrary, the value of illiquid assets such as limited partnerships, limited liability companies, or privately-held stock, shall be determined by a fair market value from the investment sponsor or other source chosen by Constellation Trust Company in its sole discretion. Promissory notes and privately-offered corporate debt may have valuations reflected at the face value shown on the original note or debt instrument, or if the note is such that it is subject to an amortization schedule, valuation may be shown at amortized value. If the investment sponsor is unwilling or unable to provide a fair market value, then Constellation Trust Company may list the value of the illiquid asset at its original acquisition cost or carry forward the last known value. Assets which are reported by the investment sponsor as having no market value, are in bankruptcy, or other relevant condition exists, may reflect a valuation of zero on Constellation Trust Company’s periodic statement. For investments that are not publicly tradeable on a securities exchange, Constellation Trust Company shall seek a valuation of such securities from the sponsor/issuer of the investment. If a value is not received within ninety (90) days after request, then, upon notice from Constellation Trust Company, it is the duty of the accountholder to provide Constellation Trust Company with the fair market value of the investment from the investment sponsor or from an independent appraisal service of the accountholder’s choice, provided such appraisal service is acceptable to Constellation Trust Company. Constellation Trust Company reserves the right to resolve differences in values in any manner it deems appropriate. If the accountholder fails t...
Asset Valuation. Buyer and Seller recognize: 1) the difficulty in valuing the PNLTV Internet Broadcast Business, 2) that PNLTV has not generated significant revenues and 3) PNLTV will require additional funding and resources to develop and produce revenues. The assignment valuation for the PNLTV Internet Broadcast Business is therefore based on the future performance of the Buyer regarding PNLTV, as follows:
Asset Valuation. 7.2.1 To maintain an asset register for all fixed assets with a value in excess of the limits shown below, in a form approved by the Commissioner’s CFO. Assets are to be recorded when they are acquired. Assets shall remain on the asset register until disposal. Assets are to be valued in accordance with the Code of Practice on Local authority Accounting in the United Kingdom and the requirements specified by the Commissioner’s CFO5: 1 Section 2.2.12 2 Section 2.2.13 3 Section 2.2.14 4 Section 2.2.15 5 Section 3.5.6 Land & Buildings Vehicles £10,000 All values ICT hardware £10,000 Plant & Equipment £10,000
Asset Valuation. For the purposes of all reports made by the Manager to the FRBNY, assets will be valued at fair value as determined in good faith by the Manager; provided that the valuation methods used by the Manager shall be described in writing to the FRBNY. The Manager and the FRBNY agree to cooperate, in good faith, to reach resolution to the extent that the FRBNY has concerns about the Manager’s pricing methodology.
Asset Valuation. Except as disclosed on SCHEDULE 3.19(f), no Pension Benefit Plan (other than any Multiemployer Plan) has an underfunded benefit obligation as determined under FASB Statement of Financial Accounting Standards No. 87. No Pension Benefit Plan (other than any Multiemployer Plan) has been completely or partially terminated or been the subject of a reportable event as to which notices would be required to be filed with the PBGC. No proceeding by the PBGC to terminate any Pension Benefit Plan (other than any Multiemployer Plan) has been instituted or, to the Knowledge of ICP, threatened.
Asset Valuation. Unless waived by Buyer, the combined assets of P&K at Closing shall have a value of at least Three Million Dollars ($3,000,000). The useable inventory of P&K at Closing shall have a value of not less than $1.9 million. Accounts receivable at Closing shall not be less than 950,000.
Asset Valuation. The Administrative Agent shall have received a --------------- copy of the asset valuation, dated July 31, 1997, prepared by Xxxx Xxxxxxx & Co.
