Common use of Valuation of Securities and Other Assets Owned by the Partnership Clause in Contracts

Valuation of Securities and Other Assets Owned by the Partnership. (a) Subject to the specific standards set forth below, the valuation of Securities and other assets and liabilities under this Agreement shall be at fair market value. In determining the value of the interest of any Partner or in any accounting between the Partners, no value shall be placed on the goodwill or the name of the Partnership.

Valuation of Securities and Other Assets Owned by the Partnership. (a) Subject to the specific standards set forth below, the valuation of Securities and other assets and liabilities under this Agreement shall be at fair market value, as determined by the General Partner in its discretion. In determining the value of the interest of any Partner or in any accounting between the Partners, no value shall be placed on the goodwill or the name of the Partnership.