Duties regarding the valuation Sample Clauses

Duties regarding the valuation. In order to comply with the duties regarding the valuation of the Shares, the Depositary shall be provided by the Manager with the relevant procedures applicable to the Fund, the Manager or the designated third party to ensure that the valuation of the Assets is calculated in accordance with applicable Law and Fund Documents. The Manager will make available to the Depositary all accounting records relating to the Fund, and the valuation policies and procedures of the Fund, to enable the Depositary to ensure that such procedures and policies are effectively implemented and periodically reviewed by the Manager and allow the Depositary to perform periodic NAV checks.
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Duties regarding the valuation. In order to comply with the duties regarding the valuation of the Participations, Darwin shall be provided by the the Legal Title Holder and/or the Manager with the procedures implemented by the Legal Title Holder, the Manager or the designated third party to ensure that the valuation of the Assets is calculated in accordance with applicable Law and Fund Documents. The Manager will make available to Darwin all accounting records relating to the Fund, and the valuation policies and procedures of the Fund, to enable Darwin to ensure that such procedures and policies are effectively implemented and periodically reviewed by the Manager and allow Darwin to perform periodic NAV checks. External valuer. The Manager may appoint an external valuer, provided the external valuer (i) is subject to mandatory professional registration recognised by law or to legal or regulatory provisions or rules of professional conduct, (ii) can provide sufficient professional guarantees to be able to effectively perform the valuation function (the professional guarantees shall be written documents providing sufficient personnel, technical resources, procedures, knowledge and experience. Any registered valuer must include the name of the relevant authority and the relevant rules of professional conduct) and the appointment of the external valuer complies with delegation rules. The external valuer is not allowed to delegate the valuation function to a third party. In the event an external valuer is or will be appointed, the Manager shall inform Darwin accordingly and make available to Darwin the due diligence performed on such external valuer Verification valuer. Darwin shall verify that any appointment of an external valuer by the Manager for the purposes of valuing the Participations or the Fund's assets has been made in accordance with section 115i of the BGfo.

Related to Duties regarding the valuation

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