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(a) Unless otherwise determined by the Trustee, in determining the value <br />of the assets of a Fund on a Valuation Date, the Trustee shall, except as <br />provided in Section 5,02(b) below, value all securities and other <br />assets of the Fund for which market quotations are readily available at <br />their market value, and for all other securities and other assets of the <br />Fund for which market quotations are not readily available at prices <br />that, in the opinion of the Trustee, represent the fair value of such <br />securities or assets. Certain or all of the securities and other <br />investments shall be stated at the fair value based on valuations <br />furnished by one or more pricing services or agents approved by the <br />Trustee. <br />(h) Short -term investments having a maturity of up to one hundred eighty <br />(180) days may, if market quotations are riot readily available and in <br />the sole discretion of the Trustee, be valued at cost with accrued <br />interest, discount carried or premium amortized included or reflected, <br />as the case may be, in interest receivable, <br />(c) Following the valuations of securities or other portfolio assets in <br />terms of the currency in which the valuation is expressed ("Local <br />Currency"), the Trustee shall convert the valuation of these assets to <br />U.S. dollars on the basis of conversion of the Local Currencies into U.S. <br />dollars at the prevailing currency exchange rates as determined by the <br />Trustee on the applicable Valuation Date. The Trustee and any pricing <br />agents or services approved by the Trustee may, in its or their sole <br />discretion, consider and rely upon any regularly published reports of <br />sales, bid, asked and closing prices, and over-the-counter quotations <br />for the values of any listed or unlisted securities, assets, or currencies. <br />The reasonable and equitable decision of the Trustee regarding <br />whether a method of valuation fairly indicates fair value, and the <br />selection of a pricing agent or service, shall be conclusive and binding <br />upon all persons, Participating Trusts, and the Trust. <br />5.03 Suspension of Valuations, and Invest3nent and Withdrawal Rights, <br />Notwithstanding anything to the contrary elsewhere in this Declaration of <br />Trust, the Trustee, in its sole discretion, may suspend (a) the valuation of the <br />assets or Units of any Fund, (b) the right to make investments in or additions <br />to any Fund, or (c) the right to make withdrawals from any Fund. The <br />Trustee may make such suspensions for the whole or any part of any period <br />when: (i) any market or stock exchange on which a significant portion of the <br />investments of such Fund are quoted is closed (other than for ordinary <br />holidays), or dealings therein are restricted or suspended, or a closing of any <br />Dal/ 80624195g - 16 - <br />