Determination Dates. The fair market value of the assets of the Fund shall be determined on the first day of each taxable year of the Fund (which shall be a calendar year) and on the last day of each calendar quarter (the "Determination Dates"). During the first taxable year of the Fund, the fair market value of the assets of the Fund also shall be determined on the first day upon which property is accepted into the Fund (also a "Determination Date"). If any such Determination Date falls on a Saturday, Sunday, or holiday, such valuation shall be made based on the fair market value of the assets on the next business day immediately following such Determination Date. For purposes of this agreement, fair market value means the value of the assets of the Fund in excess of any indebtedness or charges against such assets.
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Sources: Offering Summary and Disclosure Statement, Offering and Disclosure Summary