VALUATION BASES. Unless otherwise specifically agreed, the value advised by us shall be the market value as at the date of valuation. We have assumed that the property valued has been constructed or to be constructed, occupied and used in full compliance with, and without contravention of any Ordinances, statutory requirements and notices, except only where otherwise stated. We have further assumed that, for any use of the property upon which the report is based, any and all required licences, permits, certificates, consents, approvals and authorisations have been obtained, except only where stated otherwise.
VALUATION BASES. Market Value
VALUATION BASES. 24 .1 We will undertake periodic valuations of Investee Companies. Initially, it is likely that Investments will be valued at the cost of acquisition. Over time, however, we may revalue Investments up or down. As with all venture capital investments, especially earlier-stage venture capital investments, such unrealised valuations are likely to be highly subjective and an unreliable guide to the ultimate performance of the Fund, as realised gains and losses are the best performance measure available. Valuations will exclude any benefits accruing from EIS and will take into account factors such as:
