Independent Valuation Firm Sample Clauses

Independent Valuation Firm. The Board will engage an independent valuation firm on behalf of the Company to assist the Board in determining the fair market value of the Company’s assets for which market quotations are not readily available. The Company’s valuation firm will at all times be unaffiliated with the Adviser and will be experienced in the valuation of assets similar to the types of investments to be made by the Company.
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs
Independent Valuation Firm. The Company, with the approval of the Valuation Committee and the Board, shall engage one or more independent third-party firms (each an “Independent Valuation Firm” and collectively, the “Independent Valuation Firms”) for valuation purposes, provided, however, the Company will discuss in advance with and thereafter notify Ameriprise in writing prior to the engagement of an Independent Valuation Firm. However, for the avoidance of doubt, the engagement of the Independent Valuation Firm shall be the sole responsibility of the Company and the Company shall have the sole discretion to select the Independent Valuation Firms to perform the valuation.
Sample 1Sample 2Sample 3See All (6)
Independent Valuation Firm. In the event that broker quotes from a Third Party Pricing Service are not available for any Collateral Asset, Party B shall request valuation of such Collateral Asset from one or more Independent Valuation Firms and the Collateral Asset valuation provided by the Independent Valuation Firm shall be the Fair Market Value of such Collateral Asset; provided, if FS Investment Corporation or any its subsidiaries, including Party B, has owned the Collateral Asset for less than four months, the Fair Market Value of such Collateral Asset shall be the lesser of (x) a valuation (if any) received with respect to such Collateral Asset during such period of ownership, (y) the cost of such Collateral Asset, as determined by Party B in its reasonable discretion and (z) the purchase price paid by FS Investment Corporation or applicable subsidiary in purchasing such Collateral Asset. If Party B is unable to determine a Fair Market Value for any Collateral Asset pursuant to clauses (A) or (B) above, the Fair Market Value for such Collateral Asset shall be $0. For the avoidance of doubt, in no event shall Party B be required to obtain a more recent valuation with respect to any Non-Quoted Asset so long as (I) Party B shall have previously received a valuation with respect to such Non-Quoted Asset provided by an Independent Valuation Firm pursuant to this Annex II less than four months prior to any Valuation Date or (II) such Non-Quoted Asset was valued pursuant to the proviso in clause (B)(2) above. ANNEX III FORM OF VALUATION UPDATE Date of Valuation Update: , 20 Collateral Asset Par / Shares Fair Market Value Adjusted Net Worth Total Adjusted Net Worth: $ [ ] Concentration Limitations Actual* Min* Max* Test Bank Loans [ ] % 35.0 % [pass/fail] Single Obligor (Largest) [ ] % 12.0 % [pass/fail] Single Obligor (Fourth Largest) [ ] % 8.0 % [pass/fail] Structured Finance Obligations / Finance Leases [ ] % 10.0 % [pass/fail] Performing Common Equity + Preferred Stock + Structured Finance Obligations / Finance Leases [ ] % 20.0 % [pass/fail] Participations held < 60 days (or < 90 if 30 day extension given) [ ] % 10.0 % [pass/fail] Participations held ³ 60 days (or ³ 90 if 30 day extension given) [ ] % 0.0 % [pass/fail] Assets other than as specified above [ ] % 0.0 % [pass/fail] * all percentages as a portion of Adjusted Net Worth ANNEX IV
Sample 1See All (5)
Independent Valuation Firm. The Company, with the approval of the Valuation Committee and the Board, will engage an independent third-party firm/s (the “Independent Valuation Firm/s”) for valuation purposes, provided, however, Company will consult in advance with and thereafter notify Ameriprise in writing prior to the engagement of an Independent Valuation Firm. However, for the avoidance of doubt, the engagement of the Independent Valuation Firm shall be the sole responsibility of the Company.
Sample 1Sample 2
Independent Valuation Firm. The Company, with the approval of the Valuation Committee and the Board, will engage an independent third-party firm(s) (the “Independent Valuation Firm(s)”) for purposes of determining the reasonable range of Per Share NAV, provided, however, the Company will consult in advance with and thereafter notify Ameriprise in writing prior to the engagement of an Independent Valuation Firm. However, for the avoidance of doubt, the engagement of the Independent Valuation Firm shall be the sole responsibility of the Company.
Sample 1
Independent Valuation Firm. The Company shall continue to use one or more independent third-party firms (each an “Independent Valuation Firm” and collectively, the “Independent Valuation Firms”), provided, however, the Company will discuss in advance with and thereafter notify Ameriprise in writing prior to the engagement of an Independent Valuation Firm that the Company has not previously engaged. However, for the avoidance of doubt, the engagement of any Independent Valuation Firm shall be the sole responsibility of the Company and the Company shall have the sole discretion to select any Independent Valuation Firm to perform the valuation.
Sample 1
Independent Valuation Firm. The Company, with the approval of the Company’s board of directors, has engaged one or more independent third-party firms (each an “Independent Valuation Firm” and collectively, the “Independent Valuation Firms”) for valuation purposes.
Sample 1
AutoNDA by SimpleDocs
Independent Valuation Firm. The Valuation Committee, with the approval of the Company and the Board, shall engage one or more independent third-party firms (each an “Independent Valuation Firm” and collectively, the “Independent Valuation Firms”) for purposes of determining the NAV and Per Share NAV, provided, however, the Company will discuss in advance with and thereafter notify Ameriprise in writing prior to the engagement of an Independent Valuation Firm. However, for the avoidance of doubt, the engagement of the Independent Valuation Firm shall be the sole responsibility of the Company and the Company shall have the sole discretion to select the Independent Valuation Firms to perform the valuation.
Sample 1

Related to Independent Valuation Firm

  • Independent Expert The Parties and the other signatories may, upon written agreement, resort to an independent expert in order to obtain a well-grounded opinion that may lead to the settlement of the dispute or controversy. In case such agreement is signed, arbitration may only be filed after issuance of the expert’s opinion.

  • Independent Evaluation Buyer is experienced and knowledgeable in the oil and gas business. Buyer has been advised by and has relied solely on its own expertise and legal, tax, accounting, marketing, land, engineering, environmental and other professional counsel concerning this transaction, the Subject Property and value thereof.

  • Determination by Independent Firm In the event of any question arising with respect to the adjustments provided for in this Article 4 such question shall be conclusively determined by an independent firm of chartered accountants other than the Auditors, who shall have access to all necessary records of the Corporation, and such determination shall be binding upon the Corporation, the Warrant Agent, all holders and all other persons interested therein.

  • Determination by Independent Accountant The Independent Accountant shall make a determination as soon as practicable within thirty (30) days (or such other time as the parties hereto shall agree in writing) after their engagement, and their resolution of the Disputed Amounts and their adjustments to the Closing Working Capital Statement and/or the Post-Closing Adjustment shall be conclusive and binding upon the parties hereto.

  • Independent Auditors The Company shall, until at least the Termination Date, maintain as its independent auditors an accounting firm authorized to practice before the SEC.

  • Independent Parties This Agreement shall not be deemed to create any partnership, joint venture, or agency relationship between the Parties. Each Party shall act hereunder as an independent contractor.

  • Independent Investment No Purchaser has agreed to act with any other Purchaser for the purpose of acquiring, holding, voting or disposing of the Securities purchased hereunder for purposes of Section 13(d) under the Exchange Act, and each Purchaser is acting independently with respect to its investment in the Securities.

  • Independent Accountant Xxxxxxxx LLP (the “Accountant”), which has expressed its opinions with respect to the audited financial statements (which term as used in this Agreement includes the related notes thereto) of the Company filed with the Commission as a part of the Registration Statement and included in the Disclosure Package and the Prospectus, is an independent registered public accounting firm as required by the Securities Act and the Exchange Act.

  • Independent Auditor The Company’s independent auditor, if any, shall be an independent public accounting firm selected by the Member, which may also be the Member’s independent auditor.

  • Independent Audit The Grantee shall submit, in a format specified by the department, the independent financial compliance audit prepared by an independent Certified Public Accountant for the previous fiscal year. The audit shall follow the General Grant Requirements of Sections VIII (F) and (G) and be submitted no later than March 1 of the current fiscal year.

Time is Money Join Law Insider Premium to draft better contracts faster.