Independent Valuation Firm. The Board will engage an independent valuation firm on behalf of the Company to assist the Board in determining the fair market value of the Company’s assets for which market quotations are not readily available. The Company’s valuation firm will at all times be unaffiliated with the Adviser and will be experienced in the valuation of assets similar to the types of investments to be made by the Company.
Independent Valuation Firm. The Company, with the approval of the Valuation Committee and the Board, shall engage one or more independent third-party firms (each an “Independent Valuation Firm” and collectively, the “Independent Valuation Firms”) for valuation purposes, provided, however, the Company will discuss in advance with and thereafter notify Ameriprise in writing prior to the engagement of an Independent Valuation Firm. However, for the avoidance of doubt, the engagement of the Independent Valuation Firm shall be the sole responsibility of the Company and the Company shall have the sole discretion to select the Independent Valuation Firms to perform the valuation.
Independent Valuation Firm. In the event that broker quotes from a Third Party Pricing Service are not available for any Collateral Asset, Party B shall request valuation of such Collateral Asset from one or more Independent Valuation Firms and the Collateral Asset valuation provided by the Independent Valuation Firm shall be the Fair Market Value of such Collateral Asset; provided, if FS Investment Corporation II or any its subsidiaries, including Party B, has owned the Collateral Asset for less than four months, the Fair Market Value of such Collateral Asset shall be the lesser of (x) a valuation (if any) received with respect to such Collateral Asset during such period of ownership, (y) the cost of such Collateral Asset, as determined by Party B in its reasonable discretion and (z) the purchase price paid by FS Investment Corporation II or applicable subsidiary in purchasing such Collateral Asset. If Party B is unable to determine a Fair Market Value for any Collateral Asset pursuant to clauses (A) or (B) above, the Fair Market Value for such Collateral Asset shall be $0. For the avoidance of doubt, in no event shall Party B be required to obtain a more recent valuation with respect to any Non-Quoted Asset so long as (I) Party B shall have previously received a valuation with respect to such Non-Quoted Asset provided by an Independent Valuation Firm pursuant to this Annex II less than four months prior to any Valuation Date or (II) such Non-Quoted Asset was valued pursuant to the proviso in clause (B)(2) above. ANNEX III FORM OF VALUATION UPDATE Date of Valuation Update: , 20 Collateral Asset Par / Shares Fair Market Value Adjusted Net Worth Total Adjusted Net Worth: $ [ ] Concentration Limitations Actual* Min* Max* Test Bank Loans [ ]% 35.0 % [pass/fail ] Single Obligor (Largest) [ ]% 12.0 % [pass/fail ] Single Obligor (Fourth Largest) [ ]% 8.0 % [pass/fail ] Structured Finance Obligations / Finance Leases [ ]% 10.0 % [pass/fail ] Performing Common Equity + Preferred Stock + Structured Finance Obligations / Finance Leases [ ]% 20.0 % [pass/fail ] Participations held < 60 days (or < 90 if 30 day extension given) [ ]% 10.0 % [pass/fail ] Participations held ³ 60 days (or ³ 90 if 30 day extension given) [ ]% 0.0 % [pass/fail ] Assets other than as specified above [ ]% 0.0 % [pass/fail ] * all percentages as a portion of Adjusted Net Worth ANNEX IV
Independent Valuation Firm. The Company, with the approval of the Valuation Committee and the Board, will engage an independent third-party firm(s) (the “Independent Valuation Firm(s)”) for purposes of determining the reasonable range of Per Share NAV, provided, however, the Company will consult in advance with and thereafter notify Ameriprise in writing prior to the engagement of an Independent Valuation Firm (as used in this section, “in writing” to include electronic communications). However, for the avoidance of doubt, the engagement of the Independent Valuation Firm shall be the sole responsibility of the Company.
Independent Valuation Firm. The Company, with the approval of the Valuation Committee and the Board, will engage an independent third-party firm/s (the “Independent Valuation Firm/s”) for valuation purposes, provided, however, Company will consult in advance with and thereafter notify Ameriprise in writing prior to the engagement of an Independent Valuation Firm. However, for the avoidance of doubt, the engagement of the Independent Valuation Firm shall be the sole responsibility of the Company.
Independent Valuation Firm. The Valuation Committee, with the approval of the Company and the Board, shall engage one or more independent third-party firms (each an “Independent Valuation Firm” and collectively, the “Independent Valuation Firms”) for purposes of determining the NAV and Per Share NAV, provided, however, the Company will discuss in advance with and thereafter notify Ameriprise in writing prior to the engagement of an Independent Valuation Firm. However, for the avoidance of doubt, the engagement of the Independent Valuation Firm shall be the sole responsibility of the Company and the Company shall have the sole discretion to select the Independent Valuation Firms to perform the valuation.
Independent Valuation Firm. The Company shall continue to use one or more independent third-party firms (each an “Independent Valuation Firm” and collectively, the “Independent Valuation Firms”), provided, however, the Company will discuss in advance with and thereafter notify Ameriprise in writing prior to the engagement of an Independent Valuation Firm that the Company has not previously engaged. However, for the avoidance of doubt, the engagement of any Independent Valuation Firm shall be the sole responsibility of the Company and the Company shall have the sole discretion to select any Independent Valuation Firm to perform the valuation.
Independent Valuation Firm. The Company, with the approval of the Company’s board of directors, has engaged one or more independent third-party firms (each an “Independent Valuation Firm” and collectively, the “Independent Valuation Firms”) for valuation purposes.
