Common use of Statements and Valuations Clause in Contracts

Statements and Valuations. 20.1 The Manager warrants that its contractual arrangements with Investors stipulate that the Manager will be responsible for providing valuations for non-readily realisable securities held on behalf of Investors. The Manager will provide its valuations in accordance with prevailing guidance for private equity valuations issued by the British Venture Capital Association (or other similar bodies), and Mainspring will be able to rely on any such valuation and will have no responsibility to review it.

Statements and Valuations. 20.1 The Manager warrants that its contractual arrangements with Investors stipulate that the Manager will be responsible for providing valuations for non-readily realisable securities and Readily Realisable Investments held on behalf of Investors. The Manager will provide its valuations in accordance with prevailing guidance for private equity valuations issued by the British Venture Capital Association (or other similar bodies)With respect to non-readily realisable securities, and Mainspring will be able to rely on any such valuation and will have no responsibility to review it.

Statements and Valuations. 20.1 The You and the Manager warrants acknowledge and agree that its your contractual arrangements with Investors stipulate the Manager stipulates that the Manager will be responsible for providing valuations for non-readily non−readily realisable securities held on behalf of Investorsyour behalf. The Manager will provide its valuations in accordance with prevailing guidance for private equity valuations issued by the British Venture Capital Association (or other similar bodies), and Mainspring we will be able to rely on any such valuation and will have no responsibility to review it.

Statements and Valuations. 20.1 The You and the Manager warrants warrant that its your contractual arrangements with Investors stipulate the Manager stipulates that the Manager will be responsible for providing valuations for non-readily realisable securities held on behalf of Investorsyour behalf. The Manager will provide its valuations in accordance with prevailing guidance for private equity valuations issued by the British Venture Capital Association (or other similar bodies), and Mainspring we will be able to rely on any such valuation and will have no responsibility to review it.