Differences in valuations. If valuations provided by individual valuers differ, the value of the relevant Ship for the purposes of the Finance Documents will be the average of those valuations.
Appears in 5 contracts
Samples: Facility Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.), Navigator Holdings Ltd.
Differences in valuations. If valuations provided by individual valuers differ, the value of the relevant Ship for the purposes of the Finance Documents will be the mean average of those valuations. If the higher of the two valuations obtained pursuant to clause 25.11 is more than 110 per cent of the lower of the two valuations then a third valuation shall be obtained by the Agent (acting on the instructions of the Majority Lenders) from a third approved valuer and the value of the relevant ship for the purposes of the Finance Documents will be the mean average of those three valuations.
Appears in 2 contracts
Differences in valuations. If valuations provided by individual valuers Approved Brokers differ, the value of the relevant Ship for the purposes of the Finance Documents will be the mean average of those valuations.
Appears in 2 contracts
Samples: Facility Agreement (Quintana Shipping Ltd.), DryShips Inc.
Differences in valuations. If valuations provided by individual valuers differ, the value of the relevant Ship for the purposes of the Finance Documents will be the mean average of those valuations.
Appears in 1 contract
Samples: Facility Agreement (GasLog Ltd.)
