Common use of Valuations Clause in Contracts

Valuations. In accordance with the 1940 Act, a Fund’s pricing policies and procedures delivered to Mellon, and a Fund’s prospectus and statement of additional information, and subject to the existence of authorized licensing arrangements and Instructions, Mellon will perform the following pricing and valuation services: 1. Perform the necessary functions to calculate daily the net asset value per share (“NAV”) for each share class of each Portfolio of the Fund. 2. Calculate the value of the assets of each Portfolio by obtaining securities prices and readily available market quotations from independent pricing sources, subject to any adjustments by the fair valuation information vendors, in each case using a source/vendor approved by the Fund and listed in Schedule D to the Agreement. If market quotations for portfolio securities are not readily available, notify the Fund and obtain prices from authorized broker sources and/or use fair values as determined in good faith by the Fund’s board of directors/trustees, which includes, but is not limited to, using values determined by the Fund’s pricing policies and procedures and values approved by the Fund’s Valuation/Pricing Committee. 3. Assist in resolving pricing discrepancies and implement mutually agreed upon price variance thresholds and notification processes. 4. In accordance with the Fund’s NAV error correction policies provided to Mellon, notify the Fund promptly upon discovery of NAV errors of a Portfolio and initiate correction processes.

Valuations. In accordance with the 1940 Act, a Fund’s pricing policies and procedures delivered to MellonBNYM, and a Fund’s prospectus and statement of additional information, and subject to the existence of authorized licensing arrangements and Instructions, Mellon BNYM will perform the following pricing and valuation services: 1. Perform the necessary functions to calculate daily the net asset value per share (“NAV”) for each share class of each Portfolio of the Fund. 2. Calculate the value of the assets of each Portfolio by obtaining securities prices and readily available market quotations from independent pricing sources, subject to any adjustments by the fair valuation information vendors, in each case using a source/vendor approved by the Fund and listed in Schedule D to the Agreement. If market quotations for portfolio securities are not readily available, notify the Fund and obtain prices from authorized broker sources and/or use fair values as determined in good faith by the Fund’s board of directors/trustees, which includes, but is not limited to, using values determined by the Fund’s pricing policies and procedures and values approved by the Fund’s Valuation/Pricing Committee. 3. Assist in resolving pricing discrepancies and implement mutually agreed upon price variance thresholds and notification processes. 4. In accordance with the Fund’s NAV error correction policies provided to MellonBNYM, notify the Fund promptly upon discovery of NAV errors of a Portfolio and initiate correction processes.

Valuations. In accordance with the 1940 Act, a the Fund’s 's pricing policies and procedures delivered to Mellon, and a the Fund’s 's prospectus and statement of additional information, and subject to the existence of authorized licensing arrangements and Instructions, Mellon will perform the following pricing and valuation services: 1. Perform the necessary functions to calculate daily the net asset value per share (“"NAV”") for each share class of each Portfolio of the Fund. 2. Calculate the value of the assets of each Portfolio by obtaining securities prices and readily available market quotations from independent pricing sources, subject to any adjustments by the fair valuation information vendors, in each case using a source/vendor approved by the Fund and listed in Schedule D to the Agreement. D. If market quotations for portfolio securities are not readily available, notify the Fund and obtain prices from authorized broker sources and/or use fair values as determined in good faith by the Fund’s 's board of directors/trustees, which includes, but is not limited to, using values determined by the Fund’s 's pricing policies and procedures and values approved by the Fund’s 's Valuation/Pricing Committee. 3. Assist in resolving pricing discrepancies and implement mutually agreed upon price variance thresholds and notification processes. 4. In accordance with the Fund’s 's NAV error correction policies provided to Mellon, notify the Fund promptly upon discovery of NAV errors of a Portfolio and initiate correction processes.

Valuations. In accordance with the 1940 Act, a the Fund’s 's pricing policies and procedures delivered to MellonBNYM, and a the Fund’s 's prospectus and statement of additional information, and subject to the existence of authorized licensing arrangements and Instructions, Mellon BNYM will perform the following pricing and valuation services: 1. Perform the necessary functions to calculate daily the net asset value per share (“"NAV”") for each share class of each Portfolio of the Fund. 2. Calculate the value of the assets of each Portfolio by obtaining securities prices and readily available market quotations from independent pricing sources, subject to any adjustments by the fair valuation information vendors, in each case using a source/vendor approved by the Fund and listed in Schedule D to the Agreement. D. If market quotations for portfolio securities are not readily ---------- available, notify the Fund and obtain prices from authorized broker sources and/or use fair values as determined in good faith by the Fund’s 's board of directors/trustees, which includes, but is not limited to, using values determined by the Fund’s 's pricing policies and procedures and values approved by the Fund’s 's Valuation/Pricing Committee. 3. Assist in resolving pricing discrepancies and implement mutually agreed upon price variance thresholds and notification processes. 4. In accordance with the Fund’s 's NAV error correction policies provided to MellonBNYM, notify the Fund promptly upon discovery of NAV errors of a Portfolio and initiate correction processes.