Common use of Assets Under Development Clause in Contracts

Assets Under Development. The total investment in any one of categories (i), (ii), (iii) or (iv) shall not exceed 10% of Implied Capitalization Value, the total investment in category (v) shall not exceed 20% of Implied Capitalization Value, and the total investment in all the foregoing investment categories in the aggregate shall be less than or equal to thirty percent (30%) of Market Value Net Worth. For the purposes of this Section 8.3, all investments shall be valued in accordance with GAAP.

Assets Under Development. The total investment in any one of categories (i), (ii), (iii) or (iv) shall not exceed 10% of Implied Capitalization Value, the total investment in category (v) shall not exceed 20% of Implied Capitalization Value, and the total investment in all the foregoing investment categories in the aggregate shall be less than or equal to thirty thirty-five percent (3035%) of Market Value Net WorthImplied Capitalization Value. For the purposes of this Section 8.3, all investments shall be valued in accordance with GAAP.