Basis of Valuations Sample Clauses
Basis of Valuations. Valuations for the Investee Companies in the periodic statements are in accordance with the International Private Equity Valuation (IPEV) guidelines as adopted by the British Venture Capital Association (BVCA) and will reflect Blackfinch’s good faith effort to ascertain fair value of the portfolio based on valuation information believed by Blackfinch to be reliable. The performance of the portfolio will not be measured against any stock market or other index.
Basis of Valuations. Valuations of the investment in the periodic statements will be based upon what Blackfinch believe to be suitable valuation techniques of the underlying trading companies. The performance of the portfolio will not be measured against any stock market or index
Basis of Valuations. (1) Each valuation of the Property carried out pursuant to Clause 19.1 (The Initial Valuation) or 19.2 (Re-valuations) shall:
(a) be addressed to the Agent and the Security Trustee on behalf of the Finance Parties;
(b) be carried out on a market value basis as defined in the Appraisal and Valuation Manual as issued by the Royal Institution of Chartered Surveyors from time to time for the valuation of assets (the "MANUAL");
(c) include a separate appraisal of each of the following in relation to the Property, to the extent requested by the Agent:
(i) Market Value;
(ii) Market Value with the special assumption of vacant possession;
(iii) estimated open market rental value; and
(iv) projected Market Value at the Final Repayment Date.
(2) In addition, each valuation of the Property shall contain the Valuer's advice and opinion on such of the following as may be requested by the Agent:
(a) the actual and prospective demand from tenants and investors;
(b) the projected future performance of the Property, including a review of likelihood of obsolescence and cost of management;
(c) the Borrower's investment rationale in relation to the Property; and
(d) any other matter.
(3) The Borrower shall not make any claim against the Valuer in respect of any valuation addressed to it unless the Agent consents.
Basis of Valuations investments quoted, listed or regularly dealt on a recognised investment exchange will be valued at their middle-market quotation on that exchange unless stated otherwise. Unquoted investments will be valued at cost or such other value as we may consider appropriate at the time. Current exchange rates will be applied when valuing holdings in foreign currencies. We reserve the right to adopt any other method of valuation when we have reasonable grounds for believing that another approach more accurately reflects the market value of a particular investment.