Currency of valuation. Valuations shall be provided by Approved Valuers in dollars or, if an Approved Valuer is of the view that the relevant type of vessel is generally bought and sold in another currency, in that other currency. If a valuation is provided in another currency, for the purposes of this Agreement it shall be converted into dollars at the Agent’s spot rate of exchange for the purchase of dollars with that other currency as at the date to which the valuation relates.
Appears in 8 contracts
Sources: Facilities Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.), Loan Agreement (Navigator Holdings Ltd.)
Currency of valuation. Valuations shall be provided by Approved Valuers valuers in dollars or, if an Approved Valuer a valuer is of the view that the relevant type of vessel is generally bought and sold in another currency, in that other currency. If a valuation is provided in another currency, for the purposes of this Agreement it shall be converted into dollars at the Agent’s spot rate of exchange for the purchase of dollars with that other currency as at the date to which the valuation relates.
Appears in 6 contracts
Sources: Facility Agreement (Cool Co Ltd.), Facility Agreement (Cool Co Ltd.), Facility Agreement (Quintana Shipping Ltd.)
Currency of valuation. Valuations shall be provided by Approved Valuers valuers in dollars or, if an Approved Valuer a valuer is of the view that the relevant type of vessel is generally bought and sold in another currency, in that other currency. If a valuation is provided in another currency, for the purposes of this Agreement it shall be converted into dollars at the Agent’s 's spot rate of exchange for the purchase of dollars with that other currency as at the date to which the valuation relates.
Appears in 4 contracts
Sources: Facility Agreement, Facility Agreement (Danaos Corp), Facility Agreement (Globus Maritime LTD)
Currency of valuation. Valuations shall be provided by Approved Valuers in dollars or, if an Approved Valuer is of the view that the relevant type of vessel is generally bought and sold in another currency, in that other currency. If a valuation is provided in another currency, for the purposes of this Agreement it shall be converted into dollars at the Agent’s 's spot rate of exchange for the purchase of dollars with that other currency as at the date to which the valuation relates.
Appears in 2 contracts
Sources: Facility Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.)
Currency of valuation. Valuations shall be provided by Approved Valuers valuers in dollars or, if an Approved Valuer a valuer is of the view that the relevant type of vessel is generally bought and sold in another currency, in that other currency. If a valuation is provided in another currency, for the purposes of this Agreement it shall be converted into dollars at the AgentLender’s spot rate of exchange for the purchase of dollars with that other currency as at the date to which the valuation relates.
Appears in 1 contract
Sources: Facility Agreement (Danaos Corp)