DAILY VALUATION DATES Clause Samples
The 'Daily Valuation Dates' clause establishes that the value of certain assets, obligations, or positions will be determined on a daily basis. In practice, this means that parties will assess and record the current market value of relevant items each business day, which is common in financial contracts involving collateral or margin requirements. This approach ensures that valuations remain up-to-date, helping to manage risk and maintain transparency between parties by promptly reflecting market fluctuations.
DAILY VALUATION DATES. Each business day of the Plan Year on which Plan assets for which there is an established market are valued and the Trustee is conducting business.
DAILY VALUATION DATES. Each business day of the Plan Year on which Plan assets for which there is an established market are valued and the Trustee is conducting business. o (b) Last day of a specified period. The last day of each _________ of the Plan Year. o (c) Specified dates: _________. o (d) No additional valuation dates. The Trustee (and Custodian, if applicable), by executing this Adoption Agreement, accepts its position and agrees to all of the obligations, responsibilities and duties imposed upon the Trustee (or Custodian) under the Prototype Plan and Trust. The Employer hereby agrees to the provisions of this Plan and Trust, and in witness of its agreement, the Employer by its duly authorized officers, has executed this Adoption Agreement, and the Trustee (and Custodian, if applicable) has signified its acceptance, on: 02-16-03 Name of Employer: Trimeris, Inc. Employer’s EIN: ▇▇-▇▇▇▇▇▇▇ Signed: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ /s/ ▇▇▇ ▇▇▇▇▇▇▇ Name/Title ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, Secretary Name/Title ▇▇▇ ▇▇▇▇▇▇▇, CFO/ General Counsel Name(s) of Trustee: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
DAILY VALUATION DATES. Each business day of the Plan Year on which Plan assets for which there is an established market are valued and the Trustee is conducting business. x OR o o o