Common use of Valuation of Partnership Assets Clause in Contracts

Valuation of Partnership Assets. (a) The General Partner shall value the Partnership assets as of the last day of each calendar quarter and shall, within forty-five (45) days thereafter, furnish to each Limited Partner a statement showing the cost and estimated value of each asset, the net worth of the Partnership (the "Estimated Value of the Fund") and the balance of such Partner's Capital Account and such Partner's share of the Estimated Value of the Fund as determined pursuant to Section 11.4(c) below. In addition, the General Partner shall value any Securities which are to be distributed in kind pursuant to Article V or Section 8.6(c) hereof as of the date of such distribution and shall provide Limited Partners with a summary statement showing the cost and estimated value of such Securities.

Valuation of Partnership Assets. (a) 11.4.1 The General Partner shall value the Partnership assets as of the last day of each calendar quarter of each year and shall, within forty-five ninety (4590) days thereafter, furnish to each Limited Partner a statement showing the cost and estimated value of each asset, the net worth of the Partnership (the "Estimated Value of the Fund") and the balance of such Partner's Capital Account and such Partner's share of the Estimated Value of the Fund as determined pursuant to Section 11.4(c) 11.4.3 below. In addition, the General Partner shall value any Securities which are to be distributed in kind pursuant to Article V or Section 8.6(c) 8.6.3 hereof as of the date of such distribution and shall provide Limited Partners with a summary statement showing the cost and estimated value of such Securities.