In this section,”valuation date” means the date, no less frequently than the last day of each calendar quarter, for determining:the fair market value of each investment fund (including the default investment fund); the portion of each member’s account invested in that fund; and the total value of each member’s account. The fair market value of each investment fund, the portion of each member’s account invested in that fund, and the total value of each member’s account will be determined as of each valuation date, based on established procedures applied on a uniform and nondiscriminatory basis. The date as of which a member’s account is valued on a distributable event under Subtitle 9 {“Distributions”} of <cite data-path="|22A">this article</cite> will be determined on the basis of established procedures applied on a uniform and nondiscriminatory basis. Ord. 14-216