FUND PRICING Clause Samples

FUND PRICING. Debt securities with a remaining maturity greater than sixty (60) days shall be valued at the price supplied by a Board Pricing Service at the Valuation Time. Prices supplied by a Board Pricing Service may use a matrix, formula or other objective method that takes into consideration market indices, yield curves or other specific adjustments. If a Board Pricing Service is not able to provide such a price, the value shall be determined by taking the mean between the bid and the asked quotations provided by a single broker or dealer, unless the broker or dealer can only provide a bid quotation, in which case the value shall be such bid quotation. Debt securities with a remaining maturity of sixty (60) days or less as of the Valuation Time shall generally be valued by the amortized cost method (i.e., valuation at acquisition cost increased or decreased each day by an amount equal to the daily accretion of the discount or amortization of premium, respectively). Amortized costs will be compared to the market generally on a periodic basis. The creditworthiness of the issuer and the likelihood of full repayment at maturity will be among the factors considered in determining whether to utilize the amortized cost method. Credit Suisse Pricing Debt securities shall be valued at the price supplied by a Credit Suisse Pricing Service. Prices supplied by a Credit Suisse Pricing Service may use a matrix, formula or other objective method that takes into consideration market indices, yield curves or other specific adjustments. If a Credit Suisse Pricing Service is not able to provide such a price, the value shall be determined by taking the mean between the bid and the asked quotations provided by a single broker or dealer, unless the broker or dealer can only provide a bid quotation, in which case the value shall be such bid quotation. If it is not possible to value a particular debt security pursuant to this Section 1.2 or such value is not considered valid or reliable, the fair value shall be determined in accordance with Section 2.

FUND PRICING. At each regular Board meeting (at least every quarter), Credit Suisse shall deliver a written report (the “Quarterly Report”) to the Board regarding any recommendations of fair valuation during the past quarter, including fair valuations that have not changed. The Quarterly Report shall be substantially in the form set forth as Exhibit C and shall include: · a list of all such securities and their valuation as determined by Credit Suisse; · the reason for using fair valuation methods; · documentation of the manner in which the securities were valued, including factors considered in the determination; · an indication, when possible, of the accuracy of the valuation by disclosing the next available reliable public price quotation or the disposition price of such securities; · any additional information that the Board and/or Valuation Committee deem necessary; · a representation by Credit Suisse that these valuation procedures were complied with during the prior quarter; · any 144A securities which in Credit Suisse’s judgment, applying the factors described in Appendix 3, are deemed to be illiquid, including the factors considered by Credit Suisse in such determination; and · any action or approval taken by the Valuation Committee or Pricing Committee during the quarter. The Board and/or Valuation Committee shall request any other additional information it deems necessary. Credit Suisse Pricing The Pricing Committee will review all fair valued securities on a quarterly basis.

FUND PRICING. (a) Each Business Day by 7:00 P.M. ET, FIIOC shall download the Price Information which will be used for all unfunded valuations and transactions involving the Fund. (b) The Sponsor agrees to indemnify and hold harmless FIIOC for any adjustments to Participant accounts as a result of the Sponsor's failure to notify FIIOC of any change to the manner in which the Price Information is determined.