Common use of Statements and Valuations Clause in Contracts

Statements and Valuations. 20.1 You and the Manager acknowledge and agree that your contractual arrangements with the Manager stipulates that the Manager will be responsible for providing valuations for non−readily realisable securities held on your behalf. 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 we will be able to rely on any such valuation and will have no responsibility to review it. 20.2 The Manager will provide us within the timescale set out in the Custody Services Schedule: a) a list of valuations that we require to produce Portfolio valuation statements; and

Statements and Valuations. 20.1 You and the Manager acknowledge and agree warrant that your contractual arrangements with the Manager stipulates that the Manager will be responsible for providing valuations for non−readily non-readily realisable securities held on your behalf. 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 we will be able to rely on any such valuation and will have no responsibility to review it. 20.2 The Manager will provide us within the timescale set out in the Custody Services Schedule: a) a list of valuations that we require to produce Portfolio valuation statements; and