Normal Valuation Sample Clauses

Normal Valuation. For purposes of this Agreement, the value of any asset as of any date (or in the event such date is a holiday or other day which is not a business day, as of the immediately preceding business day) shall be valued by the Managing Member in good faith using methods it considers appropriate.

Normal Valuation. For the purposes of this Agreement, the value of any security of ▇▇▇▇▇▇ as of the date of distribution to the Members (or, in the event such date is a holiday or other day which is not a business day, as of the next preceding business day) will be determined as follows: (a) a security which is listed on a recognized securities exchange or the National Market System will be valued at its last sales price or, if no sale occurred on such date, at the last "bid" price; and (b) a security which is traded on the Nasdaq Bulletin Board will be valued at its last sales price or, if no sale occurred on such date, at the last "bid" price; (c) a security which is traded over-the-counter (other than on the National Market System or the Nasdaq Bulletin Board) will be valued at the last "bid" price; and (d) all other securities will be valued on such date by the Managing Member at fair market value in such manner as it may reasonably determine.

Normal Valuation. 33 10.2 Restrictions on Transfer or Blockage............................... 33 10.3 Write-down to Value................................................ 33

Normal Valuation. Unless otherwise contemplated by this Agreement, the value of any security as of any date (or in the event such date is a holiday or other day which is not a Business Day, as of the immediately preceding Business Day) shall be determined by the Investment Manager as follows: (a) Unless the Investment Manager determines otherwise, the value of an asset of the Partnership shall be its realizable market value net of any transaction costs (or the Investment Manager’s reasonable estimate of transaction costs) that would be incurred in realizing the asset’s value. (b) Where the Investment Manager values an asset of the Partnership at other than its realizable market value, or where there is no realizable market value, the valuation methods and policies applied by the Investment Manager must be capable of resulting in a calculation of a valuation that is independently verifiable. (c) Subject to the Investment Manager’s discretion, the valuation methodology for unlisted Investments shall be in accordance with the guidelines provided under the Financial Accounting Standards Board, Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures, unless superseded by technical updates or newer standards which would then be applied. Unless otherwise contemplated by this Agreement, for purposes of the financial information (other than Capital Account balances) furnished to the Limited Partners pursuant to Section 10.3, all securities described in this Section 9.1 and valued as of the end of any fiscal quarter or year shall be valued as of the last trading day of such period.

Normal Valuation. For the purposes of this Agreement, the value of any security of Flotek as of the date of distribution to the Members (or, in the event such date is a holiday or other day which is not a business day, as of the next preceding business day) will be determined as follows: (a) a security which is listed on a recognized securities exchange or the National Market System will be valued at its last sales price or, if no sale occurred on such date, at the last "bid" price; and (b) a security which is traded over-the-counter (other than on the National Market System) will be valued at the most recent "bid" price; and (c) all other securities will be valued on such date by the Managing Member at fair market value in such manner as it may reasonably determine.

Normal Valuation. For purposes of this Agreement, the ---------------- value of any security as of any date (or in the event such date is a holiday or other day which is not a business day, as of the immediately preceding business day) shall be determined as follows: (a) a security which is listed on a recognized securities exchange or The NASDAQ National Market ("NASDAQ") shall be valued at the average of its last ------ "bid" price on each trading day during the five trading day periods ending immediately prior to the date of determination, or if no sales occurred on any such day, the mean between the closing "bid" and "asked" prices on such day; (b) a security which is traded over-the-counter (other than on NASDAQ) shall be valued at the average of its last "bid" price on each trading day during the five trading day periods ending immediately prior to the date of determination, or if no sales occurred on any such day, the mean between the closing "bid" and "asked" prices on such day; and (c) all other securities shall be valued on such date at fair market value in such manner as the Managers determine proper.

Normal Valuation. For purposes of this Agreement, the value of ---------------- any security as of any date (or in the event such date is a holiday or other day which is not a business day, as of the immediately preceding business day) shall, subject to the determination of the General Partner, be determined as follows (subject to Section 10.3): ------------ (a) a security which is listed on a recognized securities exchange or on the National Market System ("NMS") of the National Association of --- Securities Dealers, Inc. shall be valued at the average of their last "bid" prices on each trading day during the ten trading day periods ending immediately prior to and after the date of determination, or if no sales occurred on any such day, the mean between the closing "bid" and "asked" prices on such day; (b) a security which is traded over-the-counter (other than on the NMS) shall be valued at the average of their last "bid" prices on each trading day during the ten trading day periods ending immediately prior to and after the date of determination, or if no sales occurred on any such day, the mean between the closing "bid" and "asked" prices on such day; or (c) all other securities shall be valued on such date at Fair Market Value.