Common use of Annual Valuation Clause in Contracts

Annual Valuation. The Escrow Agent shall keep all records of this Escrow Account on a calendar-year basis. The Escrow Agent shall make an annual accounting to the Beneficiary and Grantor thirty (30) days preceding the anniversary date of establishment of the Escrow Account that confirms the value of the Escrow Account. Any securities in the Escrow Account shall be valued at market value as of no more than sixty (60) days prior to the anniversary date of establishment of the Escrow Account.

Annual Valuation. The Once funded, the Escrow Agent shall keep all records of this Escrow Account on a calendar-year basis. The Escrow Agent shall make an annual accounting to the Beneficiary and Grantor within thirty (30) days preceding following the anniversary date of establishment close of the State’s fiscal year, but no later than October 30, that reflects the total Escrow Account that confirms the value balance as of the Escrow Account. Any securities in the Escrow Account shall be valued at market value as of no more than sixty (60) days prior to the anniversary date of establishment of the Escrow Accountpreceding September 30 during each year this Agreement is operative.