15 Fair Market Value

15 Fair Market Value. (x) of any Security of a Person other than the Company shall mean, on any date, the Market Price of such Security; provided, if on any such date the price of such Security is not quoted by any -------- organization referred to in the definition of Market Price, an amount which is determined in good faith by the Board of Directors of the Company or if the Purchaser objects to such determination, by the Valuation Agent (the "Determined Value") and (y) for any other asset or right of indebtedness,... the Determined Value. Such Valuation Agent's determination of the Fair Market Value (if used) shall be binding upon the Company and its stockholders. Notwithstanding the foregoing, in the event a Security of a Person other than the Company (a) comprises any or all of the consideration for a Liquidation Event described in Sections 1.6(a) or (b), whether the amount of such consideration is expressed as a fixed amount of Securities or as an exchange ratio (b) is exchanged pursuant to an acquisition instrument and (c) the acquisition instrument sets forth a stated price for such Security, whether individually or in the aggregate, then the Fair Market Value for such Security will be such stated value. View More