Valuation Rules. 1. Entities shall not split up a procurement, nor use any other method of contract valuation with the intention of avoiding the application of this Chapter when determining whether a contract is covered by the disciplines thereof, subject to the conditions set out in Annexes XIII and XIV.
2. In calculating the value of a contract, an entity shall take into account all forms of remuneration, such as premiums, fees, commissions and interests.
Valuation Rules. 1. Entities shall not split up a procurement, nor use any other method of contract valuation with the intention of evading the application of this Chapter when determining whether a contract is covered by the disciplines thereof, subject to the conditions set out in Annexes XIII and XIV.
2. In calculating the value of a contract, an entity shall take into account all forms of remuneration, such as premiums, fees, commissions and interests, as well as the maximum permitted total amount, including option clauses, provided for by the contract.
3. When, due to the nature of the contract, it is not possible to calculate in advance its precise value, entities shall estimate this value on the basis of objective criteria.
Valuation Rules. 1. Entities shall not split up a procurement, nor use any other method of contract valuation with the intention of evading the application of this Title when determining whether a contract is covered by the disciplines of thereof, subject to the conditions set out in Annexes XI and XII, Appendices 1 to 3.
2. In calculating the value of a contract, an entity shall take into account all forms of remuneration, such as premiums, fees, commissions and interests, as well as the maximum permitted total amount, including option clauses, provided for by the contract.
3. When, due to the nature of the contract, it is not possible to calculate in advance its precise value, entities shall estimate this value on the basis of objective criteria.
Valuation Rules. Subject to generallyaccepted accounting principles in Canada (or applicable international financial reporting standards), (standards) as applicable to public enterprises:
(a) The value of any cash on hand or on deposit, bills and demand notes and accounts receivable, prepaid expenses, cash received (or declared to holders of record on a date before the date as of which the Net Asset Value is being determined) and interest accrued and not yet received, shall be deemed to be the full amount thereof, provided that:
(i) the value of any security which is a debt obligation which, at the time of acquisition, had a remaining term to maturity of one year or less shall be the amount paid to acquire the obligation plus the amount of any interest accrued on such obligation since the time of acquisition (for this purpose, interest accrued will include amortization over the remaining term to maturity of any discount or premium from the face value of an obligation at the time of its acquisition), or the value shall be calculated in accordance with Section 3.29(a)(ii);
(ii) any interest or other amount due in respect of an obligation in respect of which the issuer has ceased paying interest or has otherwise defaulted shall be excluded from such calculation; and
(iii) if the General Partner or any Person retained by the General Partner to calculate Net Asset Value (the "Valuator") has determined that any such deposit, xxxx, demand note or account receivable is not otherwise worth the full amount thereof, the value thereof shall be deemed to be such value as the Valuator determines to be the fair value thereof.
(b) The value of any security, option or futures contract which is listed or traded upon a stock exchange shall be determined by taking the last sale price on the Fiscal Quarter Date, or lacking any such sales, shall be determined by the Valuator but shall not be greater than the closing ask price nor less than the closing bid price, as at the date as of which the Net Asset Value is being determined, all as reported by any means in common use.
(c) The value of any security or financial instrument which is traded over-the-counter will be priced at the average of the last bid and asked prices for the immediately preceding 20 trading days quoted by a major dealer in such securities or financial instruments, unless the Valuator determines that the bid or offer price more accurately reflects the value of the security or financial instrument.
(d) The value of any security...
Valuation Rules. Procuring entities shall not choose a valuation method, or divide a procurement, with the aim of avoiding the application of this Chapter. Valuation shall take into account all forms of remuneration, including any premiums, fees, commissions, and interest.
Valuation Rules. 1. Entities shall not split up a procurement, nor use any other method of contract valuation with the intention of evading the application of this Annex when determining whether a contract is covered by the disciplines thereof.
2. In calculating the value of a contract, an entity shall take into account all forms of remuneration, such as premiums, fees, commissions and interests, as well as the maximum permitted total amount, including option clauses, provided for by the contract.
3. When, due to the nature of the contract, it is not possible to calculate in advance its precise value, entities shall estimate this value on the basis of objective criteria.
Valuation Rules. The Members shall decide on financial valuation rules of existing Studies pursuant to the REACH Regulation requirements. REACH requires that the data submitted in the registration is “relevant and has sufficient quality to fulfil the requirements” (Step 3 in Annex VI on information requirements). Pursuant to Article 13 paragraphs 3 and 4: • the test methods to generate information on intrinsic properties of substances should be in accordance with the test methods laid down in Commission Regulation or in accordance with other international test methods recognised by the Commission or the Agency as being appropriate • the ecotox and tox tests and analyses shall be carried out in compliance with the principles of good laboratory practice (Directive 2004/10) or other international standards recognised as being equivalent by the Commission or the Agency and with the provisions of Directive 86/609 if applicable.
Valuation Rules. (a) Bank shall determine the net value of the assets and liabilities of a Portfolio (including securities out on a loan and excluding collateral held therefore) in accordance with valuation rules mutually agreed to between Customer and Bank. Bank shall obtain security prices from independent pricing services, or if such quotes are unavailable, obtain such prices from each Portfolio’s investment manager or its designee.
(b) Portfolio investments shall be valued at fair market value on each valuation date, or in the case of investments that do not have a readily ascertainable fair market value, at a fair value to be determined by the Portfolio’s investment manager or its designee. Customer or the Portfolio’s investment manager shall certify, at Bank’s request, the value of any asset or liability held in any Portfolio, and such certification shall be used by Bank with regard to such valuation.
(c) Notwithstanding anything contained in this Rider or the Agreement to the contrary and to the extent permissible under applicable law, for the purposes of valuing the assets of any Portfolio, Bank may retain one or more pricing Fund Accounting Rider – Corporate February 2008 version J.P.Xxxxxx services (whether or not affiliated with the Bank) as Bank may deem advisable and Bank shall have no duty to confirm or validate any information or valuation provided by any such pricing service nor shall Bank be responsible or liable for any act or omission of any such pricing service selected in the absence of Bank’s willful misfeasance, bad faith or gross negligence.
Valuation Rules. 21 SECTION 8. - ADDITIONS AND WITHDRAWALS......................................23 8.1 Additions and Withdrawals......................................23 8.2 Investment Cash in Short-Term Investment Funds of the Master Trustee........................................................24 (i)
Valuation Rules. The assets of each Investment Fund shall be determined, and securities shall be valued, by the Master Trustee as of each Valuation Date on the basis of the following valuation rules:
(a) The Master Trustee shall use its customary procedures to price the assets comprising the Investment Fund on a Valuation Date. In certain circumstances when prices are not available, the Master Trustee shall require the Named Fiduciary or its investment manager to direct the Master Trustee as to a price to be used, and the Master Trustee shall be protected in relying upon such direction in determining the price.
(b) Upon request of the Master Trustee, the Investment Manager of an Investment Fund (or Sub-Fund) holding securities or other property shall certify the value of any such securities or other property held in the DB/DC Master Trust, and such certification shall be regarded as a direction of the Investment Manager.
(c) Notwithstanding anything herein contained to the contrary, for the purposes of valuing the assets of the DB/DC Master Trust, the Master Trustee may retain such one or more pricing services (whether or not affiliated with the Master Trustee) as the Master Trustee shall deem advisable and the Master Trustee shall not have the duty to confirm or validate any information or valuation provided by any such pricing services, nor shall the Master Trustee be responsible or liable for any act or omission of any such pricing service selected by it, in the absence of negligence by the Master Trustee.
(d) The Named Fiduciary shall cause each Investment Manager to access the Master Trustee's on-line system to review and approve or reconcile by an agreed time on each Valuation Date the Investment Fund's (or Sub-Fund's) investment transactions affecting the Investment Fund (or Sub-Fund) since the prior Valuation Date. Failure of the Investment Manager to notify the Master Trustee of a change by an agreed time shall constitute approval. The Master Trustee shall be entitled to conclusively rely upon such approval or reconciliation in determining the Unit value of the Investment Fund.
(e) In the event that there has been a misstatement of a Unit value on any Valuation Date, the Master Trustee shall not be required to restate such Unit value unless the discrepancy is material. For purposes of this Agreement, "material" shall mean any discrepancy exceeding or equaling one-tenth of one percent (.001) of the Unit value after comparing the stated Unit value to the corrected U...
