VALUATION PRINCIPLES. In determining the fair market value of the Partnership, the Valuator shall: (a) Subject to paragraph (b), value the assets and liabilities of the Partnership (other than ) at their respective fair market value except that the goodwill of the Partnership shall be valued at (b) not take account of the occurrence of the death or disability of a Partner or the imminent possibility of the death or disability of a Partner.
Appears in 2 contracts
Sources: Professional Partnership Agreement, Professional Partnership Agreement