Valuation of Assets and Interests. The value of the Assets of the Company, the amount of liabilities of the Company, the Net Asset Value, and the Net Asset Value of each outstanding Common Share of the Company shall be determined on each Valuation Date in accordance with GAAP and the Investment Company Act. The method of determination of Net Asset Value shall be determined by or under the supervision of the Board of Directors. The making of Net Asset Value determinations and calculations may be delegated by the Board of Directors.
Appears in 4 contracts
Samples: Partnership Agreement (Special Value Continuation Partners, LP), Partnership Agreement (Special Value Continuation Partners, LP), Partnership Agreement (Special Value Continuation Fund, LLC)
Valuation of Assets and Interests. The value of the Assets of the Company, the amount of liabilities of the Company, the Net Asset Value, and the Net Asset Value of each outstanding Common Share of the Company shall be determined on each Valuation Date in accordance with GAAP generally accepted accounting principles and the Investment Company Act. The method of determination of Net Asset Value shall be determined by or under the supervision of the Board of Directors. The making of Net Asset Value determinations and calculations may be delegated by the Board of Directors.
Appears in 2 contracts
Samples: Partnership Agreement (Special Value Continuation Partners, LP), Operating Agreement (Special Value Continuation Fund, LLC)
Valuation of Assets and Interests. The value of the Assets of the Company, the amount of liabilities of the Company, the Net Asset Value, and the Net Asset Value of each outstanding Common Share Interest of the Company shall be determined on each Valuation Date in accordance with GAAP generally accepted accounting principles and the Investment Company Act. The method of determination of Net Asset Value shall be determined by or under the supervision of the Board of Directors. The making of Net Asset Value determinations and calculations may be delegated by the Board of Directors.
Appears in 1 contract
Samples: Partnership Agreement (Tennenbaum Opportunities Partners V, LP)
Valuation of Assets and Interests. The value of the Assets of the CompanyPartnership, the amount of liabilities of the CompanyPartnership, the Net Asset Value, and the Net Asset Value of each outstanding Common Share Interest of the Company Partnership shall be determined on each Valuation Date in accordance with GAAP generally accepted accounting principles and the Investment Company Act. The method of determination of Net Asset Value shall be determined by or under the supervision of the Board of Directors. The making of Net Asset Value determinations and calculations may be delegated by the Board of Directors.
Appears in 1 contract
Samples: Limited Partnership Agreement (PNMAC Mortgage Opportunity Fund LP)
