Common use of Valuation Procedures Clause in Contracts

Valuation Procedures. The Trust Fund shall be valued as of each Valuation Date as specified under the Plan, but in any event not less than annually at fair market value. Except as specified below, in the absence of fraud or bad faith, the Trustee's valuation of the Trust Fund shall be conclusive. The reasonable costs incurred in establishing values of the Trust Fund, including the cost of obtaining an independent appraisal of Employer Securities shall be charged against the Trust Fund, unless paid by the Employer.