Common use of Method of Valuation Clause in Contracts

Method of Valuation. In determining the fair market value of securities held in the Trust Fund which are listed on a registered stock exchange, the Administrator shall direct the Trustee to value the same at the prices they were last traded on such exchange preceding the close of business on the Valuation Date. If such securities were not traded on the Valuation Date, or if the exchange on which they are traded was not open for business on the Valuation Date, then the securities shall be valued at the prices at which they were last traded prior to the Valuation Date. Any unlisted security held in the Trust Fund shall be valued at its bid price next preceding the close of business on the Valuation Date, which bid price shall be obtained from a registered broker or an investment banker. In determining the fair market value of assets other than securities for which trading or bid prices can be obtained, the Trustee may appraise such assets itself, or in its discretion, employ one or more appraisers for that purpose and rely on the values established by such appraiser or appraisers.

Method of Valuation. In determining the fair market value of securities held in the Trust Fund which are listed on a registered stock exchange, the Administrator shall direct the Trustee to value the same at the prices they were last traded on such exchange preceding the close of business on the Valuation Date"valuation date". If such securities were not traded on the Valuation Date"valuation date", or if the exchange on which they are traded was not open for business on the Valuation Date"valuation date", then the securities shall be valued at the prices at which they were last traded prior to the Valuation Date"valuation date". Any unlisted security held in the Trust Fund shall be valued at its bid price next preceding the close of business on the Valuation Date"valuation date", which bid price shall be obtained from a registered broker or an investment banker. In determining the fair market value of assets other than securities for which trading or bid prices can be obtained, the Trustee may appraise such assets itself, or in its discretion, employ one or more appraisers for that purpose and rely on the values established by such appraiser or appraisers.

Method of Valuation. In determining the fair market value of securities held in the Trust Fund which are listed on a registered stock exchange, the Administrator shall direct the Trustee to value the same at the prices they were last traded on such exchange preceding the close of business on the Valuation Date. If such securities were not traded on the Valuation Date, or if the exchange on which they are traded was not open for business on the Valuation Date, then the securities shall be valued at the prices at which they were last traded prior to the Valuation Date. Any unlisted security held in the Trust Fund shall be valued at its bid price next preceding the close of business on the Valuation Date, which bid price shall be obtained from a registered broker or an investment banker. In determining the fair market value of assets other than securities for which trading or bid prices can be obtained, the Trustee may appraise such assets itself, itself or in its discretion, employ one or more appraisers for that purpose and rely on the values established by such appraiser or appraisers.

Method of Valuation. In determining the fair market value of securities deemed held in under the Trust Fund Plan which are listed on a registered stock exchange, the Administrator Trustees shall direct the Trustee to value the same at the prices they were last traded on such exchange preceding the close of business on the Valuation Date. “valuation date.” If such securities were not traded on the Valuation Date“valuation date”, or if the exchange on which they are traded was not open for business on the Valuation Date“valuation date”, then the securities shall be valued at the prices at which they were last traded prior to the Valuation Date. “valuation date.” Any unlisted security deemed held in by the Trust Fund Plan shall be valued at its bid price next preceding the close of business on the Valuation Date, “valuation date,” which bid price shall be obtained from a registered broker or an investment banker. In determining the fair market value of assets other than securities for which trading or bid prices can be obtained, the Trustee Trustees may appraise such assets itselfitself or, or in its discretion, employ one or more appraisers for that purpose and rely on the values established by such appraiser or appraisers.