Valuation Calculation. Valuation of the Company's assets and Share price will be determined in the following manner: (a) the value of the Company's assets shall be calculated once each Business Day as of the regularly scheduled close of normal trading on the NYSE (normally, 4:00 p.m., Eastern Time). If the NYSE closes early, such as on days in advance of holidays generally observed by the NYSE, the Company will calculate Net Asset Value as of such earlier closing time. The Net Asset Value of the Company will be equivalent to its assets less its liabilities. Investments are valued on the basis of market quotations where available and otherwise in accordance with the policies and procedures as defined specifically in the Company's "Valuation Policy" adopted by the Board. All values assigned to the assets of the Company pursuant to this Section 6.1 shall be binding and conclusive as to all parties; and
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Versus Capital Real Assets Fund LLC), Limited Liability Company Agreement (Versus Capital Multi-Manager Real Estate Income Fund LLC)
Valuation Calculation. Valuation of the Company's ’s assets and Share price will be determined in the following manner:
(a) the value of the Company's ’s assets shall be calculated once each Business Day as of the regularly scheduled close of normal trading on the NYSE (normally, 4:00 p.m.p.m.., Eastern Time). If the NYSE closes early, such as on days in advance of holidays generally observed by the NYSE, the Company will calculate Net Asset Value as of such earlier closing time. The Net Asset Value of the Company will be equivalent to its assets less its liabilities. Investments are valued on the basis of market quotations where available and otherwise in accordance with the policies and procedures as defined specifically in the Company's "’s “Valuation Policy" ” adopted by the Board. All values assigned to the assets of the Company pursuant to this Section 6.1 shall be binding and conclusive as to all parties; and.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Versus Capital Real Assets Fund LLC)
Valuation Calculation. Valuation of the Company's ’s assets and Share price will be determined in the following manner:
(a) the value of the Company's ’s assets shall be calculated once each Business Day as of the regularly scheduled close of normal trading on the NYSE (normally, 4:00 p.m., Eastern Time). If the NYSE closes early, such as on days in advance of holidays generally observed by the NYSE, the Company will calculate Net Asset Value as of such earlier closing time. The Net Asset Value of the Company will be equivalent to its assets less its liabilities. Investments are valued on the basis of market quotations where available and otherwise in accordance with the policies and procedures as defined specifically in the Company's "’s “Valuation Policy" ” adopted by the Board. All values assigned to the assets of the Company pursuant to this Section 6.1 shall be binding and conclusive as to all parties; and.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Versus Capital Multi-Manager Real Estate Income Fund LLC)
Valuation Calculation. Valuation of the Company's ’s assets and Share price will be determined in the following manner:
(a) the value of the Company's ’s assets shall be calculated once each Business Day as of the regularly scheduled close of normal trading on the NYSE (normally, 4:00 p.m., Eastern Time). If the NYSE closes early, such as on days in advance of holidays generally observed by the NYSE, the Company will calculate Net Asset Value as of such earlier closing time. The Net Asset Value of the Company will be equivalent to its assets less its liabilities. Investments are valued on the basis of market quotations where available and otherwise in accordance with the policies and procedures as defined specifically in the Company's "’s “Valuation Policy" ” adopted by the Board. All values assigned to the assets of the Company pursuant to this Section 6.1 shall be binding and conclusive as to all parties; and
Appears in 1 contract
Samples: Limited Liability Company Agreement (Versus Capital Multi-Manager Real Estate Income Fund LLC)
Valuation Calculation. Valuation of the Company's assets and Share price will be determined in the following manner:
: (a) the value of the Company's assets shall be calculated once each Business Day as of the regularly scheduled close of normal trading on the NYSE (normally, 4:00 p.m., Eastern Time). If the NYSE closes early, such as on days in advance of holidays generally observed by the NYSE, the Company will calculate Net Asset Value as of such earlier closing time. The Net Asset Value of the Company will be equivalent to its assets less its liabilities. Investments are valued on the basis of market quotations where available and otherwise in accordance with the policies and procedures as defined specifically in the Company's "Valuation Policy" adopted by the Board. All values assigned to the assets of the Company pursuant to this Section 6.1 shall be binding and conclusive as to all parties; andand 6.2
Appears in 1 contract
Samples: Limited Liability Company Agreement (Versus Capital Real Assets Fund LLC)