Common use of Fund Evaluation Clause in Contracts

Fund Evaluation. The Bank shall compute and, unless otherwise directed by the Board, determine as of the close of business on the New York Stock Exchange on each day on which said Exchange is open for unrestricted trading and as of such other hours, if any, as may be authorized by the Board the net asset value and the public offering price of a share of capital stock of the Company, such determination to be made in accordance with the provisions of the Articles and By-laws of the Company and Prospectus and Statement of Additional Information relating to the Company, as they may from time to time be amended, and any applicable resolutions of the Board at the time in force and applicable; and promptly to notify the Company, the proper exchange and the NASD or such other persons as the Company may request of the results of such computation and determination. In computing the net asset value hereunder, the Bank may rely in good faith upon the information furnished to it by any Authorized Person in respect of (i) the manner of accrual of the liabilities of the Company and in respect of liabilities of the Company not appearing on its books of account kept by the Bank, (ii) reserves, if any, authorized by the Board or that no reserves have been authorized, (iii) the source of the quotations to be used in computing the net asset value, (iv) the value to be assigned to any security for which no price quotations are available, and (v) the method of computation of the public offering price on the basis of the net asset value of the shares, and the Bank shall not be responsible for any loss occasioned by such reliance or for any good faith reliance on any quotations received from a source pursuant to (iii) above.

Fund Evaluation. The Bank shall compute and, unless otherwise directed by the Board, determine as of the close of business regular trading on the New York Stock Exchange [on each day on which said Exchange is open for unrestricted trading and as of such other days, or hours, if any, as may be authorized by the Board Board], the net asset value and the public offering price of a share of capital stock of beneficial interest in the CompanyFund, such determination to be made in accordance with the provisions of the Articles and By-laws of the Company Fund and the Prospectus and Statement of Additional Information relating to the CompanyFund, as they may from time to time be amended, and any applicable resolutions of the Board at the time in force and applicable; and promptly to notify the CompanyFund, the proper exchange and the NASD or such other persons as the Company Fund may request of the results of such computation and determination. In computing the net asset value hereunder, the Bank may rely in good faith upon the information furnished to it by any Authorized Person in respect of (i) the manner of accrual of the liabilities of the Company Fund and in respect of liabilities of the Company Fund not appearing on its books of account kept by the Bank, (ii) reserves, if any, authorized by the Board or that no such reserves have been authorized, (iii) the source of the quotations to be used in computing the net asset value, (iv) the value to be assigned to any security for which no price quotations are available, and (v) the method of computation of the public offering price on the basis of the net asset value of the shares, and the Bank shall not be responsible for any loss occasioned by such reliance or for any good faith reliance on any quotations received from a source pursuant to (iii) or (iv) above.

Fund Evaluation. The Bank shall compute and, unless otherwise directed by the Board, determine as of the close of business on the New York Stock Exchange on each day on which said Exchange is open for unrestricted trading and as of such other hours, if any, as may be authorized by the Board board the net asset value Value and the public offering price of a share of capital stock of the CompanyFund, such determination to be made in accordance with the provisions of the Articles and By-laws of the Company Fund and Prospectus and Statement of Additional Information relating to the CompanyFund, as they may from time to time be amended, and any applicable resolutions of the Board at the time in force and applicable; and promptly to notify the CompanyFund, the proper exchange and the NASD or such other persons as the Company Fund may request of the results of such computation and determination. In computing the net asset value hereunder, the Bank may rely in good faith upon the information furnished to it by any Authorized Person in respect of (i) the manner of accrual of the liabilities of the Company Fund and in respect of liabilities of the Company Fund not appearing on its books of account kept by the Bank, (ii) reserves, if any, authorized by the Board or that no such reserves have been authorized, (iii) the source of the quotations to be used in computing the net asset value, (iv) the value to be assigned to any security for which no price quotations are available, and (v) the method of computation of the public offering price on the basis of the net asset value of the shares, and the Bank shall not be responsible for any loss occasioned by such reliance or for any good faith reliance on any quotations received from a source pursuant to (iii) above.

Fund Evaluation. The Bank shall compute and, unless otherwise directed by the Board, determine as of the close of business on the New York Stock Exchange on each day on which said Exchange is open for unrestricted trading and as of such other hours, if any, as may be authorized by the Board the net asset value and the public offering price of a share of capital stock of the CompanyFund, such determination to be made madc in accordance with the provisions of the Articles Declaration and By-laws of the Company Fund and Prospectus and Statement of Additional Information relating to the CompanyFund, as they may from time to time be amended, and any applicable resolutions of the Board at the time in force and applicable; and promptly to notify the CompanyFund, the proper exchange and the NASD or such other persons as the Company Fund may request of the results of such computation and determination. In computing the net asset value hereunder, the Bank may rely in good faith upon the information furnished to it by any Authorized Person in respect of (i) the manner of accrual of the liabilities of the Company Fund and in respect of liabilities of the Company Fund not appearing on its books of account kept by the Bank, (ii) reserves, if any, authorized by the Board or that no such reserves have been authorized, (iii) the source of the quotations to be used in computing the net asset value, (iv) the value to be assigned to any security for which no price quotations are available, and (v) the method of computation of the public offering price on the basis of the net asset value of the shares, and the Bank shall not be responsible for any loss occasioned by such reliance or for any good faith reliance on any quotations received from a source pursuant to (iii) above.

Fund Evaluation. The Bank shall compute and, unless otherwise directed by the Board, determine as of the close of business regular trading on the New York Stock Exchange on each day on which said Exchange is open for unrestricted trading and as of such other days, or hours, if any, as may be authorized by the Board Board, the net asset value and the public offering price of a share of capital stock of the CompanyFund, such determination to be made in accordance with the provisions of the Articles and By-laws of the Company Fund and Prospectus and Statement of Additional Information relating to the CompanyFund, as they may from time to time be amended, and any applicable resolutions of the Board at the time in force and applicable; and promptly to notify the CompanyFund, the proper exchange and the NASD or such other persons as the Company Fund may request of the results of such computation and determination. In computing the net asset value hereunder, the Bank may rely in good faith upon the information furnished to it by any Authorized Person in respect of (i) the manner of accrual of the liabilities of the Company Fund and in respect of liabilities of the Company Fund not appearing on its books of account kept by the Bank, (ii) reserves, if any, authorized by the Board or that no such reserves have been authorized, (iii) the source of the quotations to be used in computing the net asset value, (iv) the value to be assigned to any security for which no price quotations are available, and (v) the method of computation of the public offering price on the basis of the net asset value of the shares, and the Bank shall not be responsible for any loss occasioned by such reliance or for any good faith reliance on any quotations received from a source pursuant to (iii) above.

Fund Evaluation. The Bank shall compute and, unless otherwise directed by the BoardBoard or the Manager, determine as of the close of business regular trading on the New York Stock Exchange on each day on which said Exchange is open for unrestricted trading and as of such other hours, if anyday, as agreed by the parties and reflected on Appendix B hereto, which may be authorized by the Board amended from time to time, the net asset value and and, if applicable, the public offering price of a share of capital stock stock, of the Companyeach Portfolio, such determination to be made in accordance with the provisions of the Articles offering and By-laws governing documents of the Company and Prospectus and Statement of Additional Information relating to the Companyrelevant Fund, as they may from time to time be amended, and any applicable resolutions of the Board or the Manager at the time in force and applicable; and . The Bank promptly to shall notify the CompanyFund, the proper applicable exchange and the NASD NASD, if applicable, or such other persons as the Company Fund may request of the results of such computation and determination. In computing the net asset value hereunder, the Bank may rely in good faith upon the information furnished to it by any Authorized Person in respect of (i) the manner of accrual of the liabilities of attributable to the Company and in respect of Portfolio, (ii) liabilities of attributable to the Company Portfolio not appearing on its books of account kept by the Bank, (iiiii) reserves, if any, authorized by which reserves the Board or that no reserves have been the Manager either has or has not authorized, (iiiiv) the source of the quotations to be used in computing the net asset value, (ivv) the value to be assigned to any security for which no price quotations are available, and (vvi) the method of computation of the public offering price on the basis of the net asset value of the shares, ; and the Bank shall not be responsible for any loss occasioned by such reliance or for any good faith reliance on any quotations received from a source pursuant to (iiiiv) or (v) above.

Fund Evaluation. The Bank shall compute and, unless otherwise directed by the Board, determine as of the close of business on the New York Stock Exchange on each day on which said Exchange is open for unrestricted trading and as of such other hours, if any, as may be authorized by the Board the net asset value and the public offering price of a share of capital stock of the CompanyFund, such determination to be made in accordance with the provisions of the Articles Declaration and By-laws of the Company Fund and Prospectus and Statement of Additional Information relating to the CompanyFund, as they may from time to time be amended, and any applicable resolutions of the Board at the time in force and applicable; and promptly to notify the CompanyFund, the proper exchange and the NASD or such other persons as the Company Fund may request of the results of such computation and determination. In computing the net asset value hereunder, the Bank may rely in good faith upon the information furnished to it by any Authorized Person in respect of (i) the manner of accrual of the liabilities of the Company Fund and in respect of liabilities of the Company Fund not appearing on its books of account kept by the Bank, (ii) reserves, if any, authorized by the Board or that no such reserves have been authorized, (iii) the source of the quotations to be used in computing the net asset value, (iv) the value to be assigned to any security for which no price quotations are available, and (v) the method of computation of the public offering price on the basis of the net asset value of the shares, and the Bank shall not be responsible for any loss occasioned by such reliance or for any good faith reliance on any quotations received from a source pursuant to (iii) above.

Fund Evaluation. The Bank shall compute and, unless otherwise directed by the Board, determine as of the close of business on the New York Stock Exchange ("NYSE") on the each day of the week on which said Exchange is open for unrestricted trading and as of such other days and hours, if any, as may be authorized by the Board Board, the net asset value and the public offering price of a share of capital stock of the CompanyFund, such determination to be made in accordance with the provisions of the Articles and By-laws of the Company Fund and Prospectus and Statement of Additional Information relating to the CompanyFund, as they may from time to time be amended, and any applicable resolutions of the Board at the time in force and applicable; and promptly to notify the CompanyFund, and, with respect to such computation on the proper exchange and the NASD last such day of each week, to notify Lipper Analytical Services, or such other persons as the Company Fund may request of the results of such computation and determination. In computing the net asset value hereunder, the Bank may rely in good faith upon the information furnished to it by any Authorized Person in respect of (i) the manner of accrual of the liabilities of the Company Fund and in respect of liabilities of the Company Fund not appearing on its books of account kept by the Bank, (ii) reserves, if any, authorized by the Board or that no such reserves have been authorized, (iii) the source of the quotations to be used in computing the net asset value, and (iv) the value to be assigned to any security for which no price quotations are available, and (v) the method of computation of the public offering price on the basis of the net asset value of the shares, and the Bank shall not be responsible for any loss occasioned by such reliance or for any good faith reliance on any quotations received from a source pursuant to (iii) above.

Fund Evaluation. The Bank shall compute and, unless otherwise directed by the Board, determine as of the close of business on the New York Stock Exchange on each day on which said Exchange is open for unrestricted trading and as of such other hours, if any, as may be authorized by the Board the net asset value and the public offering price of a share of capital stock of the Company, such determination to be made in accordance with the provisions of the Articles and By-laws of the Company and Prospectus and Statement of Additional Information relating to the Company, as they may from time to time be amended, and any applicable resolutions of the Board at the time in force and applicable; and promptly to notify the Company, the proper exchange and the NASD or such other persons as the Company may request of the results of such computation and determination. In computing the net asset value hereunder, the Bank may rely in good faith upon the information furnished to it by any Authorized Person in respect of (i) the manner of accrual of the liabilities of the Company and in respect of liabilities of the Company not appearing on its books of account kept by the Bank, (ii) reserves, if any, authorized by the Board or that no such reserves have been authorized, (iii) the source of the quotations to be used in computing the net asset value, (iv) the value to be assigned to any security for which no price quotations are available, and (v) the method of computation of the public offering price on the basis of the net asset value of the shares, and the Bank shall not be responsible for any loss occasioned by such reliance or for any good faith reliance on any quotations received from a source pursuant to (iii) above.