Value of additional security. The net realisable value of any additional security which is provided under Clause 15.1 and which consists of a Security Interest over a vessel shall be that shown by a valuation complying with the requirements of Clause 15.4.
Appears in 30 contracts
Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Containers Inc.), Loan Agreement (Navios Maritime Partners L.P.)
Value of additional security. The net realisable value of any additional security which is provided under Clause 15.1 14.1 and which consists of a Security Interest over a vessel shall be that shown by a valuation complying with the requirements of Clause 15.414.4.
Appears in 16 contracts
Sources: Loan Agreement, Loan Agreement (Pyxis Tankers Inc.), Amending and Restating Agreement (Star Bulk Carriers Corp.)
Value of additional security. The net realisable value of any additional security which is provided under Clause 15.1 15.2 and which consists of a Security Interest over a vessel shall be that shown by a valuation complying with the requirements of Clause 15.4.
Appears in 4 contracts
Sources: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)
Value of additional security. The net realisable value of any additional security which is provided under Clause 15.1 14.2 and which consists of a Security Interest over a vessel shall be that shown by a valuation complying with the requirements of Clause 15.414.5.
Appears in 3 contracts
Sources: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)
Value of additional security. The net realisable value of any additional security which is provided under Clause 15.1 16.1 and which consists of a Security Interest over a vessel shall be that shown by a valuation complying with the requirements of Clause 15.416.4.
Appears in 3 contracts
Sources: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp), Loan Agreement (Tsakos Energy Navigation LTD)
Value of additional security. The net realisable value of any additional security which is provided under Clause 15.1 and which consists of a Security Interest over a vessel shall be that shown by a valuation complying with the requirements of Clause 15.415.4 (Valuation of Ship).
Appears in 2 contracts
Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)
Value of additional security. The net realisable value of any additional security which is provided under Clause 15.1 15.2 and which consists of a Security Interest interest over a vessel shall be that shown by a valuation complying with the requirements of Clause 15.415.3.
Appears in 2 contracts
Sources: Amending and Restating Agreement (Paragon Shipping Inc.), Loan Agreement (Star Bulk Carriers Corp.)
Value of additional security. The net realisable value of any additional security which is provided under Clause 15.1 15.2 and which consists of a Security Interest over a vessel shall be that shown by a valuation complying with the requirements of Clause 15.415.3.
Appears in 2 contracts
Sources: Amending and Restating Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)
Value of additional security. The net realisable value of any additional security which is provided under Clause 15.1 and which 15.2 shall be determined as follows:
(a) if it consists of a Security Interest over a vessel shall be that shown by a valuation complying with the requirements of Clause 15.415.3; and
(b) if it consists of cash, the US Dollar amount thereof.
Appears in 2 contracts
Sources: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.)
Value of additional security. The net realisable value of any additional security which is provided under Clause 15.1 and which consists of a Security Interest over a vessel shall be that shown by a valuation complying with the requirements of Clause 15.415.2.
Appears in 2 contracts
Sources: Loan Agreement (Dynagas LNG Partners LP), Loan Agreement (StealthGas Inc.)
Value of additional security. The net realisable value of any additional security which is provided under Clause 15.1 and which consists of a Security Interest over a vessel shall be that shown by a valuation complying with the requirements of Clause 15.4. Any valuation under Clause 15.2, 15.4 or 15.5 shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make of a security which does not consist of or include a Security Interest.
Appears in 2 contracts
Sources: Loan Agreement (Navios Maritime Containers Inc.), Loan Agreement (Navios Maritime Acquisition CORP)
Value of additional security. The net realisable value of any additional security which is provided under Clause 15.1 14.2 and which consists of a Security Interest over a vessel shall be that shown by a valuation complying with the requirements of Clause 15.414.3.
Appears in 2 contracts
Sources: Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)
Value of additional security. The net realisable value of any additional security which is provided under Clause 15.1 and which consists of a Security Interest over a vessel shall be that shown by a valuation complying with the requirements of Clause 15.415.3.
Appears in 1 contract
Sources: Loan Agreement (Danaos Corp)
Value of additional security. The net realisable value of any additional security which is provided under Clause 15.1 and which consists of a Security Interest over a vessel shall be that shown by a valuation complying with the requirements of Clause 15.415.
Appears in 1 contract
Sources: Loan Agreement (Danaos Corp)