Asset Valuation. For the purposes of all reports made by the Manager to the Company, assets will be valued at fair value as determined in good faith by the Manager; provided that the valuation methods used by the Manager shall be described in writing to the Company. The Manager and the FRBNY agree to cooperate, in good faith, to reach resolution to the extent that the FRBNY has concerns about the Manager’s pricing methodology. At the Company’s request, in the absence of readily available pricing for certain assets, the Manager shall assist the FRBNY at the FRBNY’s request to calculate the pricing for such assets. For the avoidance of doubt, the Manager is not acting as the Company’s valuation agent, and nothing in this Section 9.3 should be understood to imply otherwise.
Asset Valuation. (a) Section 6.21(a) of the Sellers Disclosure Letter sets forth Sellers' GAAP carrying value as of December 31, 2004 of each of the assets within the asset classes described therein as "Commercial & Agricultural Loans", "Direct Real Estate Equity Investments", "Direct Private Equity Investments" and "Private Placements" (each, an "Asset Class" and collectively, the "Asset Classes"). The aggregate of the GAAP carrying value of all such assets in all Asset Classes is herein referred to as the "Sellers Carrying Value."
(b) From the date hereof until February 28, 2005, Purchaser shall have the option to provide Parent with Purchaser's determination of the Fair Value (as defined below) of each of the assets set forth in Section 6.21(a) of the Sellers Disclosure Letter. The aggregate of the Fair Value of all such assets in all Asset Classes is herein referred to as the "Purchaser Valuation." For purposes of this Section 6.21, "Fair Value" shall mean the amount for which a particular asset could have been sold as of December 31, 2004 in an orderly disposition and under no compulsion over a reasonable period of time, taking into account the nature of such asset.
Asset Valuation. (A) As of the close of business on each Business Day, the investments of the Government Fund shall be valued by the Trustees, using such consistent method or basis of valuation and based upon such sources of information as will, in the Trustees' opinion, result in the fair and equitable valuation of the Government Fund and its assets. The investments of the Short Term Liquidity Fund shall be valued by the Trustees weekly, using such consistent method or basis of valuation and based upon such sources of information as will, in the Trustees' opinion, result in the fair and equitable valuation of the Short Term Liquidity Fund and its assets. The Trustees, insofar as practicable, shall utilize the following basic guidelines:
(1) The value of each security listed on generally recognized securities exchanges shall be the last sales price as reported by such exchanges on the date of valuation. Where a security is traded on more than one securities exchange, the Trustees may designate that one exchange will be used as the basis of valuations. If no sale has been so reported, the average of the bid and asked price for the date of valuation shall be used, unless in the Trustees' opinion, use of the last reported sale or the last reported bid as reported by such exchanges, whichever is more recent, would more truly reflect the value of such security. If neither a sale nor a bid and asked xxxxx has been reported for the date of valuation, then the most recent sales price shall be used.
(2) Non-listed securities shall be valued by taking the most recent published bid as of the date of valuation obtained with the Trustees' approval, from one or more reputable brokers, dealers, investment bankers or pricing or quotation services that regularly deal in or that determine and quote the value of the security being valued or by reference to a valuation supplied by a generally accepted pricing or quotation service. Alternatively, if the Trustees determine that the average of the reported bid and asked prices, if such are reported for the date of valuation, would more truly reflect the value of such security, then such average shall be used. Should no bid and asked prices have been reported for the date of valuation, the last reported sale value shall be used unless, in the Trustees' judgment, the most recent bid price would more truly reflect the value of such security.
(3) The value of marketable United States Government or government agency obligations shall be the most rece...
Asset Valuation. Buyer and Seller recognize: 1) the difficulty in valuing the PNLTV Internet Broadcast Business, 2) that PNLTV has not generated significant revenues and 3) PNLTV will require additional funding and resources to develop and produce revenues. The assignment valuation for the PNLTV Internet Broadcast Business is therefore based on the future performance of the Buyer regarding PNLTV, as follows:
2.1. Seller shall receive twenty percent (20%) of all Net Profits earned by Buyer for all revenues which derive from current PNLTV sales contracts and sales agreements signed as of the Closing Date, for the full life of each contract and agreement. Seller shall receive payment within 60 days from the end of each contractual event, supported by such documentation satisfactory to the Seller. For purposes of this Agreement, the term "Net Profits" shall mean profits after all production, hosting, operational and marketing expenses have been charged. It is understood and agreed that Buyer makes no representation, for itself, its officers, directors, employees, agents or contractors that it will be able to generate any revenue for the business it is acquiring hereby. It is further understood that Buyer is under no obligation to generate revenues or to continue the business and the decision whether or not to pursue this business shall be left solely to the discretion of Buyer;
Asset Valuation. 7.2.1 To maintain an asset register for all fixed assets with a value in excess of the limits shown below, in a form approved by the Commissioner’s CFO. Assets are to be recorded when they are acquired. Assets shall remain on the asset register until disposal. Assets are to be valued in accordance with the Code of Practice on Local authority Accounting in the United Kingdom and the requirements specified by the Commissioner’s CFO5: 1 Section 2.2.12 2 Section 2.2.13 3 Section 2.2.14 4 Section 2.2.15 5 Section 3.5.6 Land & Buildings Vehicles £10,000 All values ICT hardware £10,000 Plant & Equipment £10,000
7.2.2 To ensure that inventories are maintained in a format approved by the Commissioner’s CFO and Chief Xxxxxxxxx’s CFO that record an adequate description of items with a value in excess of £10,000. Other items of equipment should also be recorded if they are deemed to be both desirable and portable (e.g. laptops)6.
7.2.3 To write-off obsolete stock, subject to the limits set out below: Up to £5,000 Chief Constable’s CFO Up to £10,000 The Commissioner’s CFO Over £10,000 The Commissioner
Asset Valuation. For the purposes of all reports made by the Manager to the FRBNY, assets will be valued at fair value as determined in good faith by the Manager; provided that the valuation methods used by the Manager shall be described in writing to the FRBNY. The Manager and the FRBNY agree to cooperate, in good faith, to reach resolution to the extent that the FRBNY has concerns about the Manager’s pricing methodology.
Asset Valuation. Constellation Trust Company shall periodically value the assets in your XXX account utilizing various outside sources available to it.
Asset Valuation. Except as disclosed on SCHEDULE 3.19(f), no Pension Benefit Plan (other than any Multiemployer Plan) has an underfunded benefit obligation as determined under FASB Statement of Financial Accounting Standards No. 87. No Pension Benefit Plan (other than any Multiemployer Plan) has been completely or partially terminated or been the subject of a reportable event as to which notices would be required to be filed with the PBGC. No proceeding by the PBGC to terminate any Pension Benefit Plan (other than any Multiemployer Plan) has been instituted or, to the Knowledge of ICP, threatened.
Asset Valuation. A Confirmation shall be available to you no later than on the day following the conclusion of the Transaction specified in the Order or, where the Order has been executed through an Intermediary, no later than on the next Bank’s business day after the Bank has received the respective confirmation from the Intermediary. The Bank sends the Confirmation to you to the e-mail specified by you, as well as it may be available in Online Banking. Confirmations available in Online Banking are in the form of a summary and may not reflect complete information.
Asset Valuation. As of the valuation date contained in the most recent actuarial report, the market value of assets under each Pension Benefit Plan (other than any Multiemployer Plan) which is subject to Title IV of ERISA equals or exceeds the present value of accrued benefits thereunder through the date thereof (determined on a plan termination basis), and since such valuation date, nothing has come to the attention of the Shareholders indicating that the market value of such assets does not equal or exceed such present value. No Pension Benefit Plan (other than any Multiemployer Plan) has been completely or partially terminated or been the subject of a reportable event (as defined in ERISA Section 4043) as to which a 30-day notice would be required to be filed with the PBGC. No proceeding by the PBGC to terminate any Pension Benefit Plan (other than any Multiemployer Plan) has been instituted or, to the Knowledge of the Shareholders, threatened.
