Common use of Statements and Valuations Clause in Contracts

Statements and Valuations. 20.1 The Manager warrants that its contractual arrangements with Investors stipulate that the Manager will be responsible for providing valuations for non-readily realisable securities held on behalf of Investors. The Manager will provide its valuations in accordance with prevailing guidance for private equity valuations issued by the British Venture Capital Association (or other similar bodies), and Mainspring will be able to rely on any such valuation and will have no responsibility to review it. 20.2 The Manager will provide Mainspring within the timescale set out in the SLA: a) a list of valuations that Mainspring requires to produce Portfolio valuation statements; and b) information notified to the Manager that Mainspring requires to compile individual Portfolio investment reports.