Interim Valuations Sample Clauses
The Interim Valuations clause establishes a process for assessing the value of work completed at specific intervals during a project. Typically, this involves the contractor submitting periodic statements of work done, which are then reviewed and agreed upon by the client or an appointed certifier to determine payment amounts due before final completion. This clause ensures that contractors receive timely payments for ongoing work, helping to maintain cash flow and reduce financial risk during long-term projects.
Interim Valuations. In each year between required independent valuations, the Board of Directors shall, at its option, either (i) engage an Independent Valuation Firm to conduct an independent valuation in accordance with the procedures set forth under “Independent Valuations” above; or (ii) provide a valuation, which is reviewed and confirmed by the Independent Valuation Firm (“Interim Valuation”). With respect to an Interim Valuation, the role of the Independent Valuation Firm shall include a review and confirmation of each of the following items relating to the Interim Valuation: • the reasonableness of the valuation process and methodology and conformity with real estate industry standards and practices relating to valuations; • the reasonableness of the assumptions and data used in connection with the valuation of each real estate investment, including but not limited to rental rates, tenant improvements and concessions, lease renewal and option exercise probabilities, revenue and expense growth rates, going-in and residual capitalization rates, discount rates, and other assumptions and data deemed material to the valuation; and • the reasonableness of the final real estate investment valuation assigned by the Company’s Board of Directors.
Interim Valuations. The Plan Administrator may perform interim valuations.
Interim Valuations. In each year between independent valuations, the Board shall provide a Per Share NAV, which is reviewed and confirmed as within a reasonable range by the Independent Valuation Firm (each an “Interim Valuation”). The Company shall perform the first interim valuation no later than one (1) year after the effective date of the Offering. The Independent Valuation Firm shall include a review and confirmation of each of the following items relating to the Interim Valuation: • the reasonableness of the valuation process and methodology and conformity with real estate industry standards and practices relating to valuations; • the reasonableness of the assumptions and data used in connection with the valuation of each real estate investment, including but not limited to rental rates, tenant improvements and concessions, lease renewal and option exercise probabilities, revenue and expense growth rates, going-in and residual capitalization rates, discount rates, and other assumptions and data deemed material to the valuation; and • the final real estate investment valuation assigned by the Board.
Interim Valuations. (a) Prepare recommendations for interim payments to contractors, sub-contractors and suppliers in accordance with contract requirements.
Interim Valuations. While it is contemplated that the Trust Fund will be valued by the Trustee and allocations made only on the Valuation Date, at any time that the Plan's valuations are not performed on a daily basis, should it be necessary to make distributions under the provisions hereof and the Plan Administrator, in good faith determines that, because of (i) an extraordinary change in general economic conditions, (ii) the occurrence of some casualty materially affecting the value of the Trust Fund or a substantial part thereof, or (iii) a significant fluctuation in the value of the Trust Fund has occurred since the immediately preceding Valuation Date, the Plan Administrator may, in his sole discretion, to prevent the payee from receiving a substantially greater or lesser amount than what he would be entitled to, based on current values, cause a re-valuation of the Trust Fund to be made and a reallocation of the interests therein as of the date the payee's right of distribution becomes fixed. The Plan Administrator's determination to make such special valuation and the valuation of the Trust Fund as determined by the Trustee shall be conclusive and binding on all persons ever interested hereunder.
Interim Valuations. In each year between independent valuations, the Board of Directors shall provide a valuation, which is reviewed and confirmed by the Independent Valuation Firm (“Interim Valuations”). The role of the Independent Valuation Firm shall include a review and confirmation of each of the following items relating to the Interim Valuation: • the reasonableness of the valuation process and methodology and conformity with real estate industry standards and practices relating to valuations; • the reasonableness of the assumptions and data used in connection with the valuation of each real estate investment, including but not limited to rental rates, tenant improvements and concessions, lease renewal and option exercise probabilities, revenue and expense growth rates, going-in and residual capitalization rates, discount rates, and other assumptions and data deemed material to the valuation; and • the final real estate investment valuation assigned by the Company’s Board of Directors.
Interim Valuations. The fair market value of the assets, other than assets acquired at the direction of Participants and interests in Contracts, allocated to the Accounts of a Participant whose participation hereunder ceases as of a date other than an Anniversary Date shall not be revalued as of such date unless a substantial change in the fair market value of such assets has occurred. In any such case, the Committee shall cause the Trustee to determine the fair market value of the assets constituting the Trust Fund, other than assets acquired at the direction of Participants and interests in any Contracts, as of the last day of the calendar month immediately preceding the month during which such Participant's participation hereunder ceases, divide such fair market value by the fair market value of such assets as of the preceding Anniversary Date and multiply the result thereof by the portion of the values of the Participant's Accounts attributable thereto as of the immediately preceding Anniversary Date. All such interim valuations shall be made in a uniform and nondiscriminatory manner.
Interim Valuations. In each year between required independent valuations, the Board of Directors shall, at its option, either (i) engage an Independent Valuation Firm to conduct an independent valuation and determination of NAV and Per Share NAV in accordance with the procedures set forth under “Independent Valuations” above; or (ii) provide a NAV and Per Share NAV, which is reviewed and confirmed by the Independent Valuation Firm (“Interim Valuation”). With respect to an Interim Valuation, the role of the Independent Valuation Firm shall include a review and confirmation of each of the following items relating to the Interim Valuation: • the reasonableness of the valuation process and methodology and conformity with real estate industry standards and practices relating to valuations; • the reasonableness of the assumptions and data used in connection with the valuation of each real estate investment, including but not limited to rental rates, tenant improvements and concessions, lease renewal and option exercise probabilities, revenue and expense growth rates, going-in and residual capitalization rates, discount rates, and other assumptions and data deemed material to the valuation; and • the reasonableness of the final real estate investment valuation assigned by the Company’s Board of Directors.