Time of Valuation Clause Samples
The Time of Valuation clause establishes the specific date or moment at which the value of an asset, liability, or transaction is determined for contractual purposes. In practice, this clause might specify that the value of goods is set at the time of delivery, or that the fair market value of securities is calculated at market close on a particular day. By clearly defining when valuation occurs, the clause prevents disputes over fluctuating values and ensures both parties have a shared understanding of the relevant figures used in the agreement.
Time of Valuation. All assets of each Portfolio shall be valued as provided in the prospectus for the applicable Mutual Fund as such prospectus may be amended or supplemented from time to time.
Time of Valuation. The value of the investments made in accordance with the Money Market Mandate will be calculated by the Valuator at such time as the Valuator may in its discretion determine on each Banking Day in accordance with the valuation principles set out in paragraph 4.
Time of Valuation. The value of investments made in accordance with the UCB Mandate will be calculated by the Valuator at such time as the Valuator may in its discretion determine on each Banking Day in accordance with the valuation principles set out in paragraph 4.