VALUATIONS OF INVESTMENTS. The general rule for determining the value of investments in order to ascertain whether a person is a qualified purchaser is that the value of the aggregate amount of investments owned and invested on a discretionary basis by such person shall be their fair market value on the most recent practicable date or their cost. This general rule is subject to the following provisos:
Appears in 50 contracts
Samples: Subscription Agreement (Cool Technologies, Inc.), Subscription Agreement (Cool Technologies, Inc.), Subscription Agreement (Power Gala Corp.)
VALUATIONS OF INVESTMENTS. The general rule for determining the value of investments in order to ascertain whether a person an investor is a qualified purchaser is that the value of the aggregate amount of investments owned and invested on a discretionary basis by such person the investor shall be their fair market value on the most recent practicable date or their cost. This general rule is subject to the following provisos:
Appears in 2 contracts
Samples: Subscription Agreement (NewStar Financial, Inc.), Founders Subscription Agreement (NewStar Financial, Inc.)
