Common use of Annual Valuations Clause in Contracts

Annual Valuations. The Trustee shall annually, at least 30 days prior to the anniversary date of the establishment of the Trust Fund, furnish to the Grantor and to the Director a statement confirming the value of the Trust Fund. Any securities in the Trust Fund shall be valued at market value as of no more than 60 days prior to the anniversary date of establishment of the Trust Fund. The failure of the Grantor to object in writing to the Trustee within 90 days after the statement has been furnished to the Grantor and the Director shall constitute a conclusively binding assent by the Grantor barring the Grantor from asserting any claim or liability against the Trustee with respect to matters disclosed in the statement.

Annual Valuations. The Trustee shall annually, at least 30 days prior to the anniversary date of the establishment of the Trust Fund, furnish to the Grantor and to the DEQ Director a statement confirming the value of the Trust Fund. Any securities in the Trust Fund shall be valued at market value -- as of no more than 60 days prior to the anniversary date of establishment of the Trust Fund. The failure of the Grantor to object in writing to the Trustee within 90 days after the statement has been furnished to the Grantor and the DEQ Director shall constitute a conclusively binding assent by the Grantor barring the Grantor from asserting any claim or liability against the Trustee with respect to matters disclosed in the statement.

Annual Valuations. The Trustee shall annually, at least 30 thirty days prior to the anniversary date of the establishment of the Trust Fund, furnish to the Grantor and to the Director appropriate director a statement confirming the value of the Trust FundTrust. Any securities in the Trust Fund shall be valued at market value as of no more than 60 sixty days prior to the anniversary date of establishment of the Trust Fund. The failure of the Grantor to object in writing to the Trustee within 90 ninety days after the statement has been furnished to the Grantor and the Director director shall constitute a conclusively binding assent by the Grantor barring the Grantor from asserting any claim or liability against the Trustee with respect to matters disclosed in the statement.

Annual Valuations. The Trustee shall annually, at least 30 thirty days prior to the anniversary date of the establishment of the Trust Fund, furnish to the Grantor and to the Director director a statement confirming the value of the Trust FundTrust. Any securities in the Trust Fund shall be valued at market value as of no more than 60 sixty days prior to the anniversary date of establishment of the Trust Fund. The failure of the Grantor to object in writing to the Trustee within 90 ninety days after the statement has been furnished to the Grantor and the Director director shall constitute a conclusively binding assent by the Grantor barring the Grantor from asserting any claim or liability against the Trustee with respect to matters disclosed in the statement.

Annual Valuations. The Trustee shall annually, at least 30 days prior to the anniversary date of the establishment of the Trust Fund, furnish to the Grantor and to the Director TCEQ executive director a statement confirming the value of the Trust FundTrust. Any securities in the Trust Fund shall be valued at market value as of no more than 60 days prior to the anniversary date of establishment of the Trust Fund. The failure of the Grantor to object in writing to the Trustee within 90 days after the statement has been furnished to the Grantor and the Director TCEQ executive director shall constitute a conclusively binding assent by the Grantor Grantor, barring the Grantor from asserting any claim or liability against the Trustee with respect to matters disclosed in the statement.

Annual Valuations. The Trustee shall annually, at least 30 days prior to the anniversary date of the establishment of the Trust Fund, furnish to the Grantor and to the Director Commissioner of the NJDEP a statement confirming the value of the Trust FundTrust. Any securities in the Trust Fund shall be valued at market value as of no more than 60 days prior to the anniversary date of establishment of the Trust Fund. The failure of the Grantor to object in writing to the Trustee within 90 days after the statement has been furnished to the Grantor and the Director Commissioner of the NJDEP shall constitute a conclusively binding assent by the Grantor barring the Grantor from asserting any claim or liability against the Trustee with respect to matters disclosed in the statement.

Annual Valuations. The Trustee shall annually, at least 30 days prior to the anniversary date of the establishment of the Trust Fund, ; furnish to the Grantor and to the Director DEQ a statement confirming the value of the Trust FundTrust. Any securities in the Trust Fund shall be valued at market value as of no more than 60 days prior to the anniversary date of establishment of the Trust Fund. The failure of the Grantor to object in writing to the Trustee within 90 days after the statement has been furnished to the Grantor and the Director DEQ shall constitute a conclusively binding assent by the Grantor barring the Grantor from asserting any claim or liability against the Trustee with respect to matters disclosed in the statement.

Annual Valuations. The Trustee shall annually, at least 30 days prior to the anniversary date of the establishment of the Trust Fund, furnish to the Grantor and to the Director administrative authority a statement confirming the value of the Trust FundTrust. Any securities in the Trust Fund shall be valued at market value as of no more than 60 days prior to the anniversary date of establishment of the Trust Fund. The failure of the Grantor to object in writing to the Trustee within 90 days after the statement has been furnished to the Grantor and the Director administrative authority shall constitute a conclusively binding assent by the Grantor barring the Grantor from asserting any claim or liability against the Trustee with respect to matters disclosed in the statement.

Annual Valuations. The Trustee shall annually, at least 30 days prior to the anniversary date of the establishment of the Trust Fund, furnish to the Grantor and to the Director COMMISSIONER a statement confirming the value of the Trust FundTrust. Any securities in the Trust Fund shall be valued at market value as of no more than 60 days prior to the anniversary date of establishment of the Trust Fund. The failure of the Grantor to object in writing to the Trustee within 90 days after the statement has been furnished to the Grantor and the Director COMMISSIONER shall constitute a conclusively binding assent by the Grantor barring the Grantor from asserting any claim or liability against the Trustee with respect to matters disclosed in the statement.

Annual Valuations. The Trustee shall annually, at least 30 days prior to the anniversary date of the establishment of the Trust Fund, furnish to the Grantor and to the Division Director a statement confirming the value of the Trust FundTrust. Any securities in the Trust Fund shall be valued at market value as of no more than 60 days prior to the anniversary date of establishment of the Trust Fund. The failure of the Grantor to object in writing to the Trustee within 90 days after the statement has been furnished to the Grantor and the Division Director shall constitute a conclusively binding assent by the Grantor barring the Grantor from asserting any claim or liability against the Trustee with respect to matters disclosed in the statement.

Annual Valuations. The Trustee shall annually, at least 30 days prior to the anniversary date of the establishment of the Trust Fund, furnish to the Grantor and to the Director Secretary of the FDEP a statement confirming the value of the Trust FundTrust. Any securities in the Trust Fund shall be valued at market value as of no more than 60 days prior to the anniversary date of establishment of the Trust Fund. The failure of the Grantor to object in writing to the Trustee within 90 days after the statement has been furnished to the Grantor and to the Director Secretary of the FDEP shall constitute a conclusively binding assent by the Grantor barring the Grantor from asserting any claim or liability against the Trustee with respect to matters disclosed in the statement.

Annual Valuations. The Trustee shall annually, at least 30 days prior to the anniversary date of the establishment of the Trust Fund, furnish to the Grantor and to the Director TCEQ executive director a statement confirming the value of the Trust FundTrust. Any securities in the Trust Fund shall be valued at market value as of no more than 60 days prior to the anniversary date of establishment of the Trust Fund. The failure of the Grantor to object in writing to the Trustee within 90 days after the statement has been furnished to the Grantor and the Director TCEQ executive director shall constitute a conclusively binding assent by the Grantor barring the Grantor from asserting any claim or liability against the Trustee with respect to matters disclosed in the statement.