Common use of Frequency of valuations Clause in Contracts

Frequency of valuations. The Borrower shall commission valuations of the Ships at such times as the Majority Lenders shall deem necessary and, in any event, not less often than once during each 6-month period of the Security Period.

Frequency of valuations. The Borrower shall Borrowers acknowledge and agree that the Lender may commission valuations of the Ships at such times time as the Majority Lenders it shall deem necessary and, in any event, not less often than once during each 6six-month period of the Security Period.