Common use of Frequency of valuations Clause in Contracts

Frequency of valuations. The Agent shall be entitled to obtain a valuation of the Ship at any time during the Security Period, provided that the costs and expenses of such shall only be borne by the Borrower four (4) times per year (unless an Event of Default has occurred).

Frequency of valuations. The Agent shall be entitled to obtain a valuation written valuations of the Ship at Ships prior to the drawdown of the Loan and any time during the Security Period, provided that after drawdown of the Loan the costs and expenses of such shall only be borne by the Borrower four (4) times Borrowers once per year (unless an Event of Default has occurred and is continuing or a mandatory prepayment event under Clause 8.8 has occurred, in which case the Agent shall be entitled to obtain a valuation at any time, at the cost and expense of the Borrowers).

Frequency of valuations. The Agent shall be entitled to obtain a valuation written valuations of the Ship at Ships prior to the drawdown of the Loan and any time during the Security Period, provided that after drawdown of the Loan the costs and expenses of such shall only be borne by the Borrower four (4) times Borrowers once per year (unless an Event of Default has occurredoccurred and is continuing, in which case the Agent shall be entitled to obtain a valuation at any time, at the cost and expense of the Borrowers).

Frequency of valuations. The Agent shall be entitled to obtain a valuation written valuations of the Ship at prior to the drawdown of the Loan and any time during the Security Period, provided that after drawdown of the Loan the costs and expenses of such shall only be borne by the Borrower four (4) times once per year (unless an Event of Default has occurred and is continuing or a mandatory prepayment event under Clause 8.8 has occurred, in which case the Agent shall be entitled to obtain a valuation at any time, at the cost and expense of the Borrower).

Frequency of valuations. The Agent shall be entitled to obtain a valuation written valuations of the Ship at Ships prior to the drawdown of an Advance and any time during the Security Period, provided that after drawdown of the Loan the costs and expenses of such shall only be borne by the Borrower four (4) times Borrowers once per year (unless an Event of Default has occurredoccurred and is continuing, in which case the Agent shall be entitled to obtain a valuation at any time, at the cost and expense of the Borrowers).