Common use of Valuation frequency Clause in Contracts

Valuation frequency. Valuation of the Ship or, as the case may be, the Building Contract and each such other asset in accordance with this clause 24 shall be required by the Agent on or prior to making available the Pre-Delivery Commitment, the Delivery Commitment, once per annum thereafter within ten days of the end of each calendar year and at any time after the occurrence of a Default.