Common use of Valuation Methodology Clause in Contracts

Valuation Methodology. Except as otherwise expressly set forth herein (including, without limitation, in the Order Form), for purposes of determining the Assets Under Custody and any other fees or calculations (including, without limitation, in respect of On-Chain Services) hereunder: a) For Digital Assets, Daily balances are calculated in U.S. Dollars by applying closing prices, as provided by C▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ at the close of each day (UTC), or if unavailable, other reliable, reputable third party pricing sources, selected at Anchorage’s sole discretion, to the end of day holdings in the Account. If such source(s)’ closing prices for certain Digital Assets are unavailable, or Anchorage reasonably determines that such prices are unreliable due to low or inconsistent trading volumes, Anchorage may use fixed pricing for such Digital Assets, which will be determined in Anchorage’s reasonable sole discretion. b) For NFTs, Daily balances are calculated in U.S. Dollars based on the corresponding NFT collection floor price. NFT collection floor price means the lowest listed price of any NFT within a collection at a given time, as determined by Anchorage at its sole discretion, provided that such floor price may be subject to change when a reliable, reputable third party pricing source, selected at Anchorage’s sole discretion, becomes available.

Valuation Methodology. Except as otherwise expressly set forth herein (including, without limitation, in the Order Form), for purposes of determining the Assets Under Custody and any other fees or calculations (including, without limitation, in respect of On-Chain Services) hereunder: a) For Digital Assets, Daily balances are calculated in U.S. Dollars by applying closing prices, as provided by C▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ at the close of each day (UTC), or if unavailable, other reliable, reputable third party pricing sources, selected at Anchorage’s sole discretion, to the end of day holdings in the Account. If such source(s)’ closing prices for certain Digital Assets are unavailable, or Anchorage reasonably determines that such prices are unreliable due to low or inconsistent trading volumes, Anchorage may use fixed pricing for such Digital Assets, which will be determined in Anchorage’s reasonable sole discretion. b) For NFTs, Daily balances are calculated in U.S. Dollars based on the corresponding NFT collection floor price. NFT collection floor price means the lowest listed price of any NFT within a collection at a given time, as determined by Anchorage at its sole discretion, provided that such floor price may be subject to change when a reliable, reputable third party pricing source, selected at Anchorage’s sole discretion, becomes available.