Determine Cash Values as instructed Clause Samples
The 'Determine Cash Values as instructed' clause establishes the requirement for a party to calculate the cash value of certain assets, obligations, or interests according to specific instructions provided in the agreement or by an authorized party. In practice, this may involve following a set formula, using market prices as of a particular date, or adhering to valuation guidelines outlined elsewhere in the contract. This clause ensures that the process for determining cash values is standardized and transparent, reducing ambiguity and potential disputes over how values are calculated.
Determine Cash Values as instructed. The Custodian will provide (or cause to be provided) the Portfolio Components as instructed according to the policies established by the Board, and as required will provide such information to the NSCC for dissemination prior to the opening of trading on the NYSE on each day that the NYSE is open.