Common use of Basic Valuation Clause in Contracts

Basic Valuation. The Company will determine the Market Value of the Assets, and will cause JHYT to determine the Market Value of Assets held by JHYT (other than the Brokerage Assets) no less frequently than quarterly.

Appears in 2 contracts

Sources: Master Agreement for the Formation of a Limited Liability Company (Jefferies Group Inc /De/), Limited Liability Company Agreement (Leucadia National Corp)