Valuation Policy. For Distributions that include Digital Assets, the valuation of those Digital Assets will be made by the Manager on the basis of the fair market value of those Digital Assets as of the Set Valuation Date; provided, however, that with respect to the valuation of those Digital Assets, fair market value will be the price in US Dollars per token as set forth at 5:00 pm Pacific time on xxxxxxxxxxxxx.xxx or other publicly available third party valuation websites as the Manager may select in its reasonable discretion. The Capital Accounts of the Members will be adjusted accordingly as the result of any Distribution in kind.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
Valuation Policy. For Distributions that include Digital Assets, the valuation of those Digital Assets will be made by the Manager on the basis of the fair market value of those Digital Assets as of the Set Valuation Date; provided, however, that with respect to the valuation of those Digital Assets, fair market value will be the price in US Dollars per token Digital Asset as set forth at 5:00 pm Pacific time on xxxxxxxxxxxxx.xxx or other publicly available third party valuation websites as the Manager may select in its reasonable discretion. The Capital Accounts of the Members will be adjusted accordingly as the result of any Distribution in kind.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Operating Agreement
