Valuation on Distribution Date Clause Samples
The 'Valuation on Distribution Date' clause establishes how the value of assets or interests will be determined at the time they are distributed, such as during a liquidation, dissolution, or payout event. Typically, this clause specifies the method or standard for appraising assets—such as using fair market value, an independent appraiser, or a predetermined formula—on the exact date of distribution. By clearly defining the valuation process, this clause ensures that all parties receive their fair share based on an objective assessment, thereby reducing disputes and providing transparency in the distribution process.
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Valuation on Distribution Date. As at the Valuation Time on the last Valuation Date in each Fiscal Year or such other date as the Manager may, in its sole discretion, determine (a “Distribution Date”), the Manager shall, in the manner hereinafter provided, determine the amount of the Net Income and the Net Realized Capital Gains of the Trust for the period since the immediately preceding Distribution Date (or in the case of the first Distribution Date, from the inception date of the Trust).
Valuation on Distribution Date. As at the Valuation Time on the last Valuation Date in each Fiscal Year or such other date as may be determined in accordance with this Trust Agreement (a “Distribution Date”), the Trust shall, in the manner hereinafter provided, determine the amount of the Net Income and the Net Realized Capital Gains of the Trust for the period since the immediately preceding Distribution Date (or in the case of the first Distribution Date, from the inception date of the Trust).