Expenses of valuation. The Borrower shall bear, and reimburse to the Agent where incurred by the Agent, all reasonable costs and expenses of providing such a valuation.
Expenses of valuation. The Borrowers shall bear, and reimburse to the Agent where incurred by the Agent, all costs and expenses of providing one valuation per annum unless and until a Default which is continuing shall occur, whereupon all costs and expenses of all valuations shall be payable by the relevant Owner.
Expenses of valuation. 22.20 The Borrower shall bear, and reimburse to the Agent where incurred by the Agent, all costs and expenses of providing one annual valuation in accordance with clause 22.19 (Valuation) above. All costs and expenses incurred by the Agent in respect of any additional valuations shall be borne by the Agent.
Expenses of valuation. The Borrower shall bear, and reimburse to the Agent where incurred by the Agent, all costs and expenses of providing such a valuation under this clause 23 once every calendar year, except if an Event of Default has occurred and is continuing in which case the cost and expenses of all such valuations shall be borne by the Borrower.
Expenses of valuation. The Borrowers shall bear, and reimburse to the Agent where incurred by the Agent, all reasonable costs and expenses of providing such valuations other than as set out in clause 26.2(d).
Expenses of valuation. The Borrower shall bear, and reimburse to the Administrative Agent where incurred by the Administrative Agent (or the Lenders, as the case may be), all costs and expenses of providing the valuations provided pursuant to Clauses 24.2(a), 24.2(b), 24.2(c) or 24.2(d) (Valuation frequency). Any valuation conducted pursuant to Clause 24.2(e) (Valuation frequency) shall be for the requesting Finance Party's own account except where the Borrower is by means of such valuation(s) (for the avoidance of doubt, the value for such valuation shall be the average of the valuations provided by two Approved Valuers or as otherwise provided in Clause 24.10 (Appointment and Number of valuers)) shown to be in breach of Clause 24.11 (Security shortfall).
Expenses of valuation. The Borrower shall bear, and reimburse to the Agent where incurred by the Agent, all costs and expenses of providing any and all such valuations at any time, provided that, in the absence of an Event of Default that has occurred and is continuing, the Borrower shall bear the cost of the valuations of each Ship obtained under this clause 26 only twice per calendar year (but without taking into account valuations under, or for the purposes of, clause 4 (Conditions of Utilisation) and Schedule 3 (Conditions precedent) or clause 7.8 (Sale or Total Loss), the cost of which shall always be borne by the Borrower).
Expenses of valuation. The Borrower shall bear, and reimburse to the Agent where incurred by the Agent, all costs and expenses of providing: (a) one set of valuations of each Ship per calendar half-year, which sets shall for the avoidance of doubt include a third valuation if the higher of the two valuations is more than 110 per cent of the lower, pursuant to clause 25.12 (Differences in Valuations) (which shall not include the costs and expenses of providing any valuations required under clause 4 (Conditions of Utilisation) which shall also be for the account of the Borrower); and (b) in addition to those referred to in (a) above, any sets of valuations (which sets shall for the avoidance of doubt include a third valuation if the higher of the two valuations is more than 110 per cent of the lower) carried out at any time when an Event of Default has occurred and is continuing. 25.5 Valuations procedure The value of any Ship shall be determined in accordance with, and by valuers approved and appointed in accordance with, this clause 25. Additional security provided under this clause 25 shall be valued in such a way, on such a basis and by such persons (including the Agent itself) as may be approved by the Lenders or as may be agreed in writing by the Borrower and the Agent (on the instructions of the Lenders). 25.6
Expenses of valuation. The Borrowers shall bear, and reimburse to the Agent where incurred by the Agent, all costs and expenses of providing any valuation of each Mortgaged Ship under this clause 25 or clause 19.2 (Provision and contents of Compliance Certificate and valuations) and any valuation of a Ship obtained under Part 2 of Schedule 3 (Conditions precedent) Provided however that if no Event of Default has occurred and is continuing, in the case of valuations of Mortgaged Ships under this clause 25 and clause 19.2 (Provision and contents of Compliance Certificate and valuations) (i.e. without taking into account the valuations of the Ships obtained under Part 2 of Schedule 3 (Conditions precedent)) the Borrowers shall bear the cost of such valuations of a Mortgaged Ship not more than twice per year.
Expenses of valuation. The Borrowers shall bear, and reimburse to the Agent where incurred by the Agent, all costs and expenses of providing any valuation of each Mortgaged Ship under this clause 25, any valuation of a Fleet Vessel made and delivered to the Agent under clause 19.2 (Provision and contents of Compliance Certificate and valuations) and any valuation of a Ship obtained under Part 2 of Schedule 3 (Conditions Precedent on Delivery).
