Fair Market Value of Closely Held Financial Assets Sample Clauses

Fair Market Value of Closely Held Financial Assets. If the Partnership owns stock, bonds, partnership interests or similar financial assets of interests in business entities or trusts which, as of the Valuation Date, are not Marketable Securities, the assets owned in such Investment Activities shall be valued at their fair market value. The fair market value of such assets shall be determined by a qualified appraiser or appraisers as may be agreed upon by the Remaining Partners and the Retiring Partner or the Deceased Partner's Legal Representative. If agreement cannot be reached on the appointment of an appraiser, one appraiser shall be selected by the Retiring Partner or the Deceased Partner's Legal Representative and one shall be selected by the Partnership. A third appraiser shall be selected by the first two appraisers. In the event the two appraisers are unable to agree upon a third appraiser within thirty (30) days of their appointment, the Person then serving as the President of such Investment Activity shall elect the third appraiser. The cost of such appraisal shall be shared equally by the Partnership and the Retiring Partner or the Deceased Partner's Legal Representative; however, such cost shall not be expensed or accrued in determining fair market value hereunder. In determining fair market value the appraisers shall deduct from that value the amount reasonable real estate commission that an ordinary seller of similar property would reasonably incur.
Sample 1
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Related to Fair Market Value of Closely Held Financial Assets

  • Fair Market Value Fair Market Value of a share of Common Stock as of a particular date (the "Determination Date") shall mean:

  • Market Value Market value shall be determined by the Lending Agent, where applicable, based upon the valuation policies adopted by the Client’s Board of Directors/Trustees.

  • Determination of Fair Market Value For purposes of this Section 10.2, “fair market value” of a share of Common Stock as of a particular date (the “Determination Date”) shall mean:

  • Fair Rental Value If a loss covered under Section I makes that part of the "residence premises" rented to oth- ers or held for rental by you not fit to live in, we cover the fair rental value of such premises less any expenses that do not continue while it is not fit to live in. Payment will be for the shortest time required to repair or replace such premises.

  • Sponsored, Closely Held Investment Vehicle An Estonian Financial Institution satisfying the following requirements:

  • Best Value 12.1 The Council has a statutory duty to provide Best Value pursuant to the provisions of the Local Government Act 1999 which includes the need for continuous improvement in the standard of the Services and quality within financial restrictions. The Service Provider shall work with the Council to identify develop and deliver Best Value services under the terms and conditions of this Supplier Agreement within available resources.

  • Sale Price (a) As consideration for the sale of the CEF Assets pursuant to Section 2.1 hereof, the Purchaser shall pay to the applicable Seller on the Closing Date, the CEF Purchase Price for the CEF Assets sold and transferred by such Seller to the Purchaser on the Closing Date. The CEF Purchase Price for the sale of CEF Assets shall be an amount equal to the fair market value thereof as agreed upon by the Purchaser and the applicable Seller prior to such sale.

  • Accounts Excluded from Financial Accounts The following accounts are excluded from the definition of Financial Accounts and therefore shall not be treated as U.S. Reportable Accounts.

  • Real estate transactions You must sign the certification. You may cross out item 2 of the certification.

  • Financial Institution with Only Low-Value Accounts An Estonian Financial Institution satisfying the following requirements:

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