{"component": "clause", "props": {"groups": [{"size": 77, "snippet": "The value of the Collateral shall be determined on the date of the Buy-In (or the payment made pursuant to Section 6.2 below).", "snippet_links": [{"key": "collateral-shall", "type": "definition", "offset": [17, 33]}, {"key": "date-of", "type": "clause", "offset": [55, 62]}, {"key": "the-buy", "type": "clause", "offset": [63, 70]}, {"key": "the-payment", "type": "clause", "offset": [78, 89]}, {"key": "section-62", "type": "clause", "offset": [107, 118]}], "samples": [{"hash": "cUJxCUC53ld", "uri": "/contracts/cUJxCUC53ld#valuation-date", "label": "Securities Lending Agency Agreement (Blackrock Funds)", "score": 37.068447113, "published": true}, {"hash": "c0ySTVXhjuQ", "uri": "/contracts/c0ySTVXhjuQ#valuation-date", "label": "Securities Lending Agency Agreement (BlackRock Funds V)", "score": 36.0718688965, "published": true}, {"hash": "hm1EjAdGudJ", "uri": "/contracts/hm1EjAdGudJ#valuation-date", "label": "Securities Lending Agency Agreement (BlackRock Series Fund II, Inc.)", "score": 35.2970581055, "published": true}], "hash": "2ea4635be44e3cd67fbc06bd35a990ca", "id": 1}, {"size": 14, "snippet": "The date elected by the Employer in the Adoption Agreement as of which account balances or accrued benefits are valued for purposes of calculating the Top-Heavy Ratio.", "snippet_links": [{"key": "by-the-employer", "type": "clause", "offset": [17, 32]}, {"key": "adoption-agreement", "type": "clause", "offset": [40, 58]}, {"key": "account-balances", "type": "clause", "offset": [71, 87]}, {"key": "accrued-benefits", "type": "definition", "offset": [91, 107]}, {"key": "for-purposes-of", "type": "clause", "offset": [119, 134]}, {"key": "calculating-the", "type": "clause", "offset": [135, 150]}], "samples": [{"hash": "6Rrggf9bvyg", "uri": "/contracts/6Rrggf9bvyg#valuation-date", "label": "Defined Contribution Plan (1st Constitution Bancorp)", "score": 23.7871322632, "published": true}, {"hash": "d54kKhBd6Ch", "uri": "/contracts/d54kKhBd6Ch#valuation-date", "label": "Defined Contribution Plan (Wellesley Bancorp, Inc.)", "score": 23.0889797211, "published": true}, {"hash": "9ha9yKJLMWZ", "uri": "/contracts/9ha9yKJLMWZ#valuation-date", "label": "Defined Contribution Plan (Savannah Bancorp Inc)", "score": 22.5660514832, "published": true}], "hash": "1a45bf90bc76fe9d27ac699cf5d9d771", "id": 8}, {"size": 19, "snippet": "The date as of which the Interests to be repurchased are valued by the Company.", "snippet_links": [{"key": "the-interests", "type": "clause", "offset": [21, 34]}, {"key": "by-the-company", "type": "clause", "offset": [64, 78]}], "samples": [{"hash": "kB9iQdj5PFD", "uri": "/contracts/kB9iQdj5PFD#valuation-date", "label": "Limited Liability Company Agreement (PNC Alternative Strategies Fund LLC)", "score": 21.0, "published": true}, {"hash": "k0DAmWmd76e", "uri": "/contracts/k0DAmWmd76e#valuation-date", "label": "Limited Liability Company Agreement (Mercantile Long Short Manager Fund LLC)", "score": 21.0, "published": true}, {"hash": "jVESylYhrOs", "uri": "/contracts/jVESylYhrOs#valuation-date", "label": "Limited Liability Company Agreement (Mercantile Absolute Return Fund LLC)", "score": 21.0, "published": true}], "hash": "92d8f8600c49c707a22bfe79a586dd00", "id": 4}, {"size": 11, "snippet": "The Trustee shall value the Trust at the fair market value as of each Valuation Date and those Valuation Dates elected in the Adoption Agreement or as directed in writing by the Plan Administrator. The fair market value of securities listed on a registered stock exchange will be the prices at which they were last traded on such exchange preceding the close of business on the Valuation Date. If the 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 will be valued at the prices at which they were last traded prior to the Valuation Date. Any unlisted security will be valued at its bid price next preceding the close of business on the Valuation Date, which bid price will be obtained from a registered broker or an investment banker. To determine the fair market value of assets other than securities for which trading or bid prices can be obtained, the Trustee may use any reasonable method to determine the value of such assets, or may elect to employ one or more appraisers for that purpose and rely on the values established by such appraiser or appraisers. All allocations for a particular Plan Year will be made as of the last Valuation Date(s) of that Plan Year or such other dates determined by the Plan Administrator.", "snippet_links": [{"key": "trustee-shall", "type": "definition", "offset": [4, 17]}, {"key": "the-fair-market-value", "type": "clause", "offset": [37, 58]}, {"key": "valuation-dates", "type": "clause", "offset": [95, 110]}, {"key": "agreement-or", "type": "definition", "offset": [135, 147]}, {"key": "as-directed", "type": "definition", "offset": [148, 159]}, {"key": "in-writing", "type": "definition", "offset": [160, 170]}, {"key": "the-plan-administrator", "type": "clause", "offset": [174, 196]}, {"key": "market-value-of-securities", "type": "definition", "offset": [207, 233]}, {"key": "stock-exchange", "type": "definition", "offset": [257, 271]}, {"key": "close-of-business", "type": "clause", "offset": [353, 370]}, {"key": "the-valuation", "type": "clause", "offset": [374, 387]}, {"key": "the-securities", "type": "clause", "offset": [397, 411]}, {"key": "the-exchange", "type": "clause", "offset": [457, 469]}, {"key": "open-for-business", "type": "definition", "offset": [503, 520]}, {"key": "prior-to-the", "type": "clause", "offset": [624, 636]}, {"key": "registered-broker", "type": "clause", "offset": [807, 824]}, {"key": "investment-banker", "type": "definition", "offset": [831, 848]}, {"key": "determine-the", "type": "clause", "offset": [853, 866]}, {"key": "fair-market-value-of-assets", "type": "clause", "offset": [867, 894]}, {"key": "bid-prices", "type": "clause", "offset": [938, 948]}, {"key": "the-value", "type": "clause", "offset": [1021, 1030]}, {"key": "to-employ", "type": "clause", "offset": [1060, 1069]}, {"key": "purpose-and", "type": "clause", "offset": [1102, 1113]}, {"key": "plan-year", "type": "definition", "offset": [1211, 1220]}, {"key": "other-dates", "type": "clause", "offset": [1293, 1304]}], "samples": [{"hash": "l1HzNAfvpat", "uri": "/contracts/l1HzNAfvpat#valuation-date", "label": "Defined Contribution Plan", "score": 26.7785835266, "published": true}, {"hash": "eNxGHQUp7z4", "uri": "/contracts/eNxGHQUp7z4#valuation-date", "label": "Defined Contribution Plan", "score": 25.2360858917, "published": true}, {"hash": "6Rrggf9bvyg", "uri": "/contracts/6Rrggf9bvyg#valuation-date", "label": "Defined Contribution Plan (1st Constitution Bancorp)", "score": 23.7871322632, "published": true}], "hash": "a7d11f339589f1955a2697109b22d5b6", "id": 9}, {"size": 32, "snippet": "A Valuation Date is each day the New York Stock Exchange and SBL's Home Office are open for business. VALUATION PERIOD A Valuation Period is the interval of time from one Valuation Date to the next Valuation Date.", "snippet_links": [{"key": "the-new-york-stock-exchange", "type": "clause", "offset": [29, 56]}, {"key": "home-office", "type": "definition", "offset": [67, 78]}, {"key": "open-for-business", "type": "definition", "offset": [83, 100]}, {"key": "period-a", "type": "definition", "offset": [112, 120]}], "samples": [{"hash": "9mtTZR4w7r5", "uri": "/contracts/9mtTZR4w7r5#valuation-date", "label": "Flexible Premium Deferred Variable Annuity Contract (SBL Variable Annuity Account Xvii)", "score": 20.0, "published": true}, {"hash": "lHtg2Ma1oV6", "uri": "/contracts/lHtg2Ma1oV6#valuation-date", "label": "Flexible Premium Deferred Variable Annuity Contract (SBL Variable Annuity Account Xiv)", "score": 19.0, "published": true}, {"hash": "fVz2IS5cXgP", "uri": "/contracts/fVz2IS5cXgP#valuation-date", "label": "Flexible Premium Deferred Variable Annuity Contract (SBL Variable Annuity Account Xiv)", "score": 19.0, "published": true}], "hash": "d094875feb2003a5aa0d528cba42d688", "id": 2}, {"size": 22, "snippet": "For purposes of calculating the top-heavy ratio, the valuation date shall be the last day of each Plan Year.", "snippet_links": [{"key": "for-purposes-of", "type": "clause", "offset": [0, 15]}, {"key": "calculating-the", "type": "clause", "offset": [16, 31]}, {"key": "the-valuation", "type": "clause", "offset": [49, 62]}, {"key": "day-of", "type": "clause", "offset": [86, 92]}, {"key": "plan-year", "type": "definition", "offset": [98, 107]}], "samples": [{"hash": "lqzFhmjsxVE", "uri": "/contracts/lqzFhmjsxVE#valuation-date", "label": "401(k) Savings Plan (Alaska Pacific Bancshares Inc)", "score": 18.0, "published": true}, {"hash": "kyqeCNyJsUS", "uri": "/contracts/kyqeCNyJsUS#valuation-date", "label": "Qualified Retirement Plan (Teardrop Golf Co)", "score": 18.0, "published": true}, {"hash": "juxREYmauVj", "uri": "/contracts/juxREYmauVj#valuation-date", "label": "Basic Plan Document (Nabi /De/)", "score": 18.0, "published": true}], "hash": "294f139028dbd20b3772d84d24057c43", "id": 3}, {"size": 16, "snippet": "The business day next preceding the Closing Date shall be the \u201cValuation Date.\u201d The stock transfer books of the Acquired Fund will be permanently closed as of the close of business on the Valuation Date. The Acquired Fund shall only accept redemption requests received by it in proper form prior to the close of regular trading on the Exchange on the Valuation Date. Redemption requests received thereafter shall be deemed to be redemption requests for Acquiring Fund shares to be distributed to Acquired Fund shareholders pursuant to the Plan (assuming that the transactions contemplated by this Agreement have been consummated).", "snippet_links": [{"key": "business-day", "type": "definition", "offset": [4, 16]}, {"key": "the-closing-date", "type": "clause", "offset": [32, 48]}, {"key": "stock-transfer-books", "type": "clause", "offset": [84, 104]}, {"key": "the-acquired-fund", "type": "clause", "offset": [108, 125]}, {"key": "close-of-business", "type": "clause", "offset": [163, 180]}, {"key": "the-valuation", "type": "clause", "offset": [184, 197]}, {"key": "received-by", "type": "definition", "offset": [260, 271]}, {"key": "proper-form", "type": "definition", "offset": [278, 289]}, {"key": "prior-to-the", "type": "clause", "offset": [290, 302]}, {"key": "the-exchange", "type": "clause", "offset": [331, 343]}, {"key": "requests-for", "type": "clause", "offset": [440, 452]}, {"key": "acquiring-fund-shares", "type": "definition", "offset": [453, 474]}, {"key": "acquired-fund-shareholders", "type": "definition", "offset": [496, 522]}, {"key": "pursuant-to-the-plan", "type": "clause", "offset": [523, 543]}, {"key": "the-transactions-contemplated-by-this-agreement", "type": "clause", "offset": [559, 606]}], "samples": [{"hash": "iYWPrmb1Kg9", "uri": "/contracts/iYWPrmb1Kg9#valuation-date", "label": "Agreement and Plan of Reorganization (T. 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The stock transfer books of the Acquired Fund will be permanently closed, and sales of shares of the Acquired Fund shall be suspended, as of the close of business of the Acquired Fund on the Valuation Date. In the event that trading on the NYSE or on another exchange or market on which securities held by the Acquired Fund are traded shall be disrupted on the Valuation Date so that, in the judgment of the Acquired Fund, accurate appraisal of the net assets of the Acquired Fund to be transferred hereunder is impracticable, the Valuation Date shall be postponed until the first Business Day after the day on which trading on such exchange or in such market shall, in the judgment of the Funds, have been resumed without disruption. In such event, the Closing Date shall also be postponed.", "snippet_links": [{"key": "section-23", "type": "clause", "offset": [12, 23]}, {"key": "net-value", "type": "clause", "offset": [29, 38]}, {"key": "assets-of-the-acquired-fund", "type": "clause", "offset": [46, 73]}, {"key": "net-asset-value-per-share", "type": "clause", "offset": [82, 107]}, {"key": "the-acquiring-fund", "type": "clause", "offset": [111, 129]}, {"key": "close-of-trading-on-the-nyse", "type": "definition", "offset": [160, 188]}, {"key": "the-valuation", "type": "clause", "offset": [192, 205]}, {"key": "payment-of", "type": "clause", "offset": [238, 248]}, {"key": "stock-transfer-books", "type": "clause", "offset": [280, 300]}, {"key": "shares-of", "type": "clause", "offset": [363, 372]}, {"key": "close-of-business", "type": "clause", "offset": [421, 438]}, {"key": "in-the-event", "type": "clause", "offset": [483, 495]}, {"key": "exchange-or-market", "type": "clause", "offset": [535, 553]}, {"key": "securities-held", "type": "definition", "offset": [563, 578]}, {"key": "the-judgment", "type": "clause", "offset": [664, 676]}, {"key": "net-assets", "type": "definition", "offset": [725, 735]}, {"key": "business-day", "type": "definition", "offset": [857, 869]}, {"key": "the-day", "type": "definition", "offset": [876, 883]}, {"key": "the-funds", "type": "clause", "offset": [962, 971]}, {"key": "the-closing-date", "type": "clause", "offset": [1026, 1042]}], "samples": [{"hash": "aXf2bILvuHr", "uri": "/contracts/aXf2bILvuHr#valuation-date", "label": "Agreement and Plan of Reorganization (Eaton Vance Municipal Bond Fund)", "score": 30.2648868561, "published": true}, {"hash": "FvPX5Pi4kx", "uri": "/contracts/FvPX5Pi4kx#valuation-date", "label": "Agreement and Plan of Reorganization (Eaton Vance Municipal Bond Fund)", "score": 30.2648868561, "published": true}, {"hash": "9bcq9yuraJs", "uri": "/contracts/9bcq9yuraJs#valuation-date", "label": "Agreement and Plan of Reorganization (Eaton Vance Municipal Bond Fund)", "score": 30.2648868561, "published": true}], "hash": "30575ebe5d31fd6cc17db19fbf439cec", "id": 6}, {"size": 15, "snippet": "The share transfer books of Selling Fund will be permanently closed as of the close of business on the Valuation Date and only requests for the redemption of shares of Selling Fund received in proper form prior to the close of regular trading on the NYSE on the Valuation Date shall be accepted by Selling Fund. Redemption requests thereafter received by Selling Fund shall be deemed to be redemption requests for Buying Fund Shares of the corresponding class (assuming that the transactions contemplated by this Agreement have been consummated), to be distributed to Selling Fund Shareholders under this Agreement.", "snippet_links": [{"key": "share-transfer-books", "type": "clause", "offset": [4, 24]}, {"key": "close-of-business", "type": "clause", "offset": [78, 95]}, {"key": "the-valuation", "type": "clause", "offset": [99, 112]}, {"key": "requests-for", "type": "clause", "offset": [127, 139]}, {"key": "shares-of", "type": "clause", "offset": [158, 167]}, {"key": "proper-form", "type": "definition", "offset": [193, 204]}, {"key": "prior-to-the", "type": "clause", "offset": [205, 217]}, {"key": "the-nyse", "type": "clause", "offset": [246, 254]}, {"key": "accepted-by", "type": "definition", "offset": [286, 297]}, {"key": "redemption-requests", "type": "clause", "offset": [312, 331]}, {"key": "received-by", "type": "definition", "offset": [343, 354]}, {"key": "buying-fund-shares", "type": "definition", "offset": [414, 432]}, {"key": "corresponding-class", "type": "definition", "offset": [440, 459]}, {"key": "the-transactions-contemplated-by-this-agreement", "type": "clause", "offset": [475, 522]}, {"key": "selling-fund-shareholders", "type": "definition", "offset": [568, 593]}], "samples": [{"hash": "kWH2iCf3UV1", "uri": "/contracts/kWH2iCf3UV1#valuation-date", "label": "Agreement and Plan of Reorganization (Gardner Lewis Investment Trust)", "score": 18.0, "published": true}, {"hash": "ikcDj2BFYLC", "uri": "/contracts/ikcDj2BFYLC#valuation-date", "label": "Agreement and Plan of Reorganization (Aim Equity Funds)", "score": 18.0, "published": true}, {"hash": "ggmuIkSbikY", "uri": "/contracts/ggmuIkSbikY#valuation-date", "label": "Merger Agreement (Aim Variable Insurance Funds)", "score": 18.0, "published": true}], "hash": "06b9a6333741b5393bcaacdda91b0004", "id": 7}, {"size": 11, "snippet": "Pursuant to Section 2.2, the net value of the assets of Small-Cap Growth Fund 1.2 and the net asset value per share of Small-Cap Growth Fund 1.1 shall be determined as of the Close of Trading on the NYSE on the Valuation Date, after the declaration and payment of any dividend on that date. The stock transfer books of Mutual Funds Trust with respect to Small-Cap Growth Fund 1.2 will be permanently closed, and sales of Small-Cap Growth Fund 1.2 Shares shall be suspended, as of the close of business of Mutual Funds Trust on the Valuation Date. Redemption requests thereafter received by Mutual Funds Trust with respect to Small-Cap Growth Fund 1.2 shall be deemed to be redemption requests for Small-Cap Growth Fund 1.1 Shares to be distributed to shareholders of Small-Cap Growth Fund 1.2 under this Agreement provided that the transactions contemplated by this Agreement are consummated. In the event that trading on the NYSE or on another exchange or market on which securities held by the Portfolio are traded shall be disrupted on the Valuation Date so that, in the judgment of the Trust, accurate appraisal of the net assets of Small-Cap Growth Fund 1.2 to be transferred hereunder or the assets of Small-Cap Growth Fund 1.1 is impracticable, the Valuation Date shall be postponed until the first Business Day after the day on which trading on such exchange or in such market shall, in the judgment of the Trust, have been resumed without disruption. In such event, the Closing Date shall be postponed until one Business Day after the Valuation Date.", "snippet_links": [{"key": "section-22", "type": "clause", "offset": [12, 23]}, {"key": "net-value", "type": "clause", "offset": [29, 38]}, {"key": "the-assets", "type": "clause", "offset": [42, 52]}, {"key": "growth-fund", "type": "definition", "offset": [66, 77]}, {"key": "net-asset-value-per-share", "type": "clause", "offset": [90, 115]}, {"key": "close-of-trading-on-the-nyse", "type": "definition", "offset": [175, 203]}, {"key": "the-valuation", "type": "clause", "offset": [207, 220]}, {"key": "payment-of", "type": "clause", "offset": [253, 263]}, {"key": "stock-transfer-books", "type": "clause", "offset": [295, 315]}, {"key": "mutual-funds", "type": "clause", "offset": [319, 331]}, {"key": "with-respect-to", "type": "clause", "offset": [338, 353]}, {"key": "close-of-business", "type": "clause", "offset": [484, 501]}, {"key": "redemption-requests", "type": "clause", "offset": [547, 566]}, {"key": "received-by", "type": "definition", "offset": [578, 589]}, {"key": "requests-for", "type": "clause", "offset": [684, 696]}, {"key": "provided-that", "type": "definition", "offset": [814, 827]}, {"key": "the-transactions-contemplated-by-this-agreement", "type": "clause", "offset": [828, 875]}, {"key": "in-the-event", "type": "clause", "offset": [893, 905]}, {"key": "exchange-or-market", "type": "clause", "offset": [945, 963]}, {"key": "securities-held", "type": "definition", "offset": [973, 988]}, {"key": "the-portfolio", "type": "clause", "offset": [992, 1005]}, {"key": "the-judgment", "type": "clause", "offset": [1070, 1082]}, {"key": "of-the-trust", "type": "clause", "offset": [1083, 1095]}, {"key": "net-assets", "type": "definition", "offset": [1123, 1133]}, {"key": "business-day", "type": "definition", "offset": [1306, 1318]}, {"key": "the-day", "type": "definition", "offset": [1325, 1332]}, {"key": "the-closing-date", "type": "clause", "offset": [1475, 1491]}], "samples": [{"hash": "aReNv8tFyEX", "uri": "/contracts/aReNv8tFyEX#valuation-date", "label": "Agreement and Plan of Reorganization (Eaton Vance Mutual Funds Trust)", "score": 21.0, "published": true}, {"hash": "3vlKlwjrQGt", "uri": "/contracts/3vlKlwjrQGt#valuation-date", "label": "Agreement and Plan of Reorganization (Eaton Vance Mutual Funds Trust)", "score": 21.0, "published": true}], "hash": "ef2fddd48133be8859d2d5f5f414f35e", "id": 10}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihd2YWx1YXRpb24tZGF0ZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Valuation Date", "children": [["", ""], ["amendment", "AMENDMENT"], ["participants-rights", "PARTICIPANT'S RIGHTS"], ["notices", "NOTICES"], ["definitions", "Definitions"]], "size": 679, "parents": [["definitions", "Definitions"], ["replacement-of-loaned-securities", "Replacement of Loaned Securities"], ["borrower-default", "Borrower Default"], ["closing-date-valuation-date-and-delivery", "Closing Date Valuation Date and Delivery"], ["top-heavy-provisions", "Top-Heavy Provisions"]], "id": "valuation-date", "related": [["valuation-period", "VALUATION PERIOD", "VALUATION PERIOD"], ["determination-date", "Determination Date", "Determination Date"], ["valuation-time", "Valuation Time", "Valuation Time"], ["valuation", "Valuation", "Valuation"], ["calculation-dates", "Calculation Dates", "Calculation Dates"]], "related_snippets": [], "updated": "2026-05-08T06:30:32+00:00", "also_ask": ["How can the Valuation Date be strategically set to benefit our client in volatile markets?", "What essential elements must be included to avoid ambiguity in the Valuation Date clause?", "What are the main risks if the Valuation Date is undefined or disputed?", "How do courts typically resolve challenges to the enforceability of a Valuation Date?", "How does our Valuation Date approach compare to industry standards or statutory defaults?"], "drafting_tip": "Specify the exact valuation date to prevent disputes; define adjustment mechanisms to address market fluctuations; clarify time zone to ensure consistency.", "explanation": "The Valuation Date clause defines the specific date on which the value of an asset, liability, or transaction is determined for contractual purposes. In practice, this clause sets a clear reference point for calculating amounts owed, settling accounts, or assessing the fair market value of items involved in the agreement. By establishing a fixed date for valuation, the clause ensures consistency and prevents disputes over fluctuating values, thereby providing certainty and clarity for all parties involved."}, "json": true, "cursor": ""}}