Common use of Account Valuation Clause in Contracts

Account Valuation. Manager will value the securities in the Account that are listed and traded on a national securities exchange or on NASDAQ on the valuation date at the closing price on the principal market where the securities are traded. Where the market value of any security is not readily available, Client and the Manager will each choose one broker-dealer and the market value will be deemed to be the average of the values determined by the two broker-dealers.

Account Valuation. Manager will value the securities in the Account that are listed and traded on a national securities exchange or on NASDAQ on the valuation date at the closing price on the principal market where the securities are traded. Manager will value other securities or investments in the Account in a manner that Manager believes in good faith reflects their fair market value. Where the market value of any security is not readily available, Client and the Manager will each choose one broker-broker dealer and the market value will be deemed to be the average of the values determined by the two broker-broker dealers.