Common use of Valuation frequency Clause in Contracts

Valuation frequency. Valuation of each Ship and each such other asset in accordance with this clause 26, may be required by the Agent at any time (but in any event not less frequently than twice per calendar year at the times referred to in clause 20.4 (Provision and contents of Compliance Certificate) without taking into account valuations obtained pursuant to clause 4 (Conditions of Utilisation), clause 7.8 (Sale or Total Loss) and Schedule 3 (Conditions precedent)).

Valuation frequency. Valuation of each Ship and each such other asset in accordance with this clause 26, may be reasonably required by the Agent Lender at any time (but in any event not less frequently than twice per calendar year at the times referred to in clause 20.4 (Provision and contents of Compliance Certificate) and without taking into account valuations obtained pursuant to clause 4 4.2 (Conditions of UtilisationShip and security conditions precedent), clause 7.8 7.5 (Sale or Total Loss) and Schedule 3 (Conditions precedent)).. ​ ​