Timing and Valuation Sample Clauses
The Timing and Valuation clause establishes when and how the value of goods, services, or assets will be determined within a contract. It typically specifies key dates or events that trigger valuation, outlines the methods or standards to be used for assessing value, and may identify the parties responsible for conducting the valuation. For example, it might require an independent appraiser to determine the fair market value of an asset at a specific milestone. This clause ensures both parties have a clear, agreed-upon process for determining value, reducing the risk of disputes and providing predictability in contractual obligations.
Timing and Valuation. Subject to the provisions of Section 4.4(e), Distributable Assets shall be distributed by the Company only upon the occurrence of a Liquidation Event; provided that Additional Consideration with respect to a Liquidation Event and any Distributable Assets that are not Cash shall not be distributed upon the occurrence of a Liquidation Event and any Cash generated with respect thereto shall be distributed by the Company as soon as practicable after the receipt thereof by the Company.
Timing and Valuation. Subject to the provisions of Section 5.4(e), Distributable Assets shall be distributed by the Company only at such times and in such amounts as is determined by the Board in its sole discretion. All such Distributable Assets shall be valued by the Board in its good faith discretion for purposes of distributions hereunder, except that Equity Securities must be valued by the Board consistent with the definition of Fair Market Value.