Common use of Account Valuation Clause in Contracts

Account Valuation. In computing the market value of any investment of the Account, the securities in the Account listed on a national securities exchange or otherwise subject to current last sale reporting shall be valued at the amount reported on the statement that the Client receives from the Custodian. Such securities which are not traded nor subject to last sale reporting shall be valued at the latest available bid price reflected by quotations furnished to the Advisor by such sources as it may deem appropriate. Any other security shall be valued in such manner as shall be determined in good faith by the Advisor and the Client to reflect fair market value.

Account Valuation. In computing the market value of any investment of the Account, the securities in the Account listed on a national securities exchange or otherwise subject to current last sale reporting shall be valued at the amount reported on the statement that the Client CLIENT receives from the Custodian. Such securities which are not traded nor subject to last sale reporting shall be valued at the latest available bid price reflected by quotations furnished to the Advisor PROFI by such sources as it may deem appropriate. Any other security shall be valued in such manner as shall be determined in good faith by the Advisor PROFI and the Client CLIENT to reflect fair market value.