Common use of Asset Valuation Clause in Contracts

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. 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.