Common use of Valuation at Zero Clause in Contracts

Valuation at Zero. Non-Custody Assets will be listed on the account statement by Custodian at zero value, such value which Principal agrees is reported for recordkeeping purposes only and not an indication of any market value. In its absolute discretion, Custodian may agree to report certain Non-Custody Assets at a value other than zero, provided such value is submitted by a Valuation Agent accompanied by appropriate documentation acceptable to and received by Custodian within a stated period of time. Principal acknowledges Custodian shall have no independent duty or obligation to verify or ascertain the value or to request or obtain valuation updates on any Non-Custody Asset, except as agreed to by Custodian in writing from time to time.

Valuation at Zero. Non-Custody Assets will be listed on the account statement by Custodian at zero valuevalue by Custodian, such value which Principal agrees is reported for recordkeeping purposes only and not an indication of any market value. In its absolute discretion, Custodian may agree to report certain Non-Custody Assets Asset at a value other than zero, provided such value is submitted by a Valuation Agent accompanied by appropriate documentation acceptable to and received by Custodian within a stated period of time. Principal acknowledges Custodian shall have no independent duty or obligation to verify or ascertain the value or to request or obtain valuation updates on any Non-Custody Asset, except as agreed to by Custodian in writing from time to time.

Valuation at Zero. Non-Custody Assets will be listed on the account statement by Custodian at zero value, such value which Principal agrees is reported for recordkeeping purposes only and not an indication of any market value. In its absolute discretion, Custodian may agree to report certain Non-Custody Assets at a value other than zero, provided such value is submitted by a Valuation Agent accompanied by appropriate documentation acceptable to and received by Custodian within a stated period of time. Principal acknowledges Custodian shall have no independent duty or obligation to verify or ascertain the value or to request or obtain valuation updates on any Non-Custody Asset, except as agreed to by Custodian in writing from f rom time to time.

Valuation at Zero. Non-Custody Assets will be listed on the account statement by Custodian at zero valuevalue by Custodian, such value which Principal agrees is reported for recordkeeping purposes only and not an indication of any market value. In its absolute discretion, Custodian may agree to report certain Non-Custody Assets Asset at a value other than zero, provided such value is submitted by a Valuation Agent accompanied by appropriate documentation acceptable to and received by Custodian within a stated period of time. Principal acknowledges Custodian shall have no independent duty or obligation to verify or ascertain the value or to request or obtain valuation updates on any Non-Non- Custody Asset, except as agreed to by Custodian in writing from time to time.