Common use of Frequency of valuations Clause in Contracts

Frequency of valuations. The Borrower acknowledges and agrees that the Agent may commission valuation(s) of any Ship at such times as the Agent (acting on the instructions of the Lenders) shall deem necessary and, in any event, not less than once during each 6-month period of the Security Period.

Frequency of valuations. The Borrower acknowledges and agrees that the Agent may commission valuation(s) of any the Ship at such times as the Agent (acting on the instructions of the Lenders) Lender shall deem necessary and, in any event, not less than once twice during each 6-month period year of the Security Period.

Frequency of valuations. The Borrower acknowledges and agrees that the Agent may commission valuation(s) valuations of any Ship each Ship, or, as the case may be, the Fleet Vessels at such times as the Agent (acting on the instructions of the Lenders) Lender shall reasonably deem necessary and, in any event, not less than once during each 612-month period of the Security Period.

Frequency of valuations. The Borrower acknowledges Borrowers acknowledge and agrees agree that the Agent may commission valuation(s) of any either Ship at such times as the Agent (acting on the instructions of the Lenders) shall deem necessary and, in any event, not less than once during each 6-month period of the Security Period.

Frequency of valuations. The Each Borrower acknowledges and agrees that the Agent may commission valuation(s) of any each Ship at such times as the Agent (acting on the instructions of the Lenders) shall deem necessary and, in any event, not less than once during each 6-month period of the Security Periodnecessary.

Frequency of valuations. The Borrower acknowledges and agrees that the Facility Agent may commission valuation(s) valuations of any Ship the Ships at such times as the Agent (acting on the instructions of the Lenders) Majority Lenders shall reasonably deem necessary and, in any event, not less often than once during each 612-month period of the Security Period.

Frequency of valuations. The Borrower acknowledges Borrowers acknowledge and agrees agree that the Agent may commission valuation(s) valuations of any Ship at such times as the Agent (acting on the instructions of the Lenders) shall deem necessary and, in any event, not less more than once during each 6-month period of the Security PeriodPeriod or, if an Event of Default has occurred, at such other times whilst that Event of Default is continuing as the Agent shall deem necessary.

Frequency of valuations. The Borrower acknowledges Borrowers acknowledge and agrees agree that the Agent may commission valuation(s) of any Ship at such times as the Agent may reasonably request (acting including, without limitation, on the instructions occurrence of the Lendersany breach of obligation under this Agreement, any Finance Document or any other relevant documentation in connection therewith) shall deem necessary and, in any event, event not less than once during each 6-month period in any calendar year, on 31 December of the Security Periodrelevant year.

Frequency of valuations. The Borrower acknowledges and agrees that the Agent may commission valuation(s) valuations of any Ship the Ships at such times as the Agent (acting on the instructions of the Lenders) Majority Lenders shall reasonably deem necessary and, in any event, not less often than once during each 612-month period of the Security Period.

Frequency of valuations. The Each Borrower acknowledges and agrees that the Agent may commission valuation(s) of any the each Ship at least semi-annually and at such other times as the Agent (acting on the instructions of the Lenders) shall deem necessary and, in any event, not less than once during each 6-month period (subject to Clause 15.8 of the Security Periodthis Agreement).

Frequency of valuations. The Borrower acknowledges and agrees that the Agent may commission valuation(s) valuations of any the Ship at such times as the Agent (acting on the instructions of the Lenders) Majority Lenders shall deem necessary and, in any event, not less often than once during each 612-month period of the Security Period. The Borrower further acknowledges and agrees to furnish valuations of the Ship (as provided for in this Clause 15) together with its annual audited accounts referred to in Clause 11.6(a).

Frequency of valuations. The Borrower acknowledges and agrees that the Agent may commission valuation(s) valuations of any Ship the Ships at such times as the Agent (acting on the instructions of the Lenders) Majority Lenders shall deem necessary and, in any event, not less often than once during each 6-month period of the Security PeriodPeriod Provided that in each calendar year one set of valuations of each Ship may be obtained from the electronic services provided by an Approved Broker subject to such electronic services having been previously approved by the Agent in writing.

Frequency of valuations. The Borrower acknowledges and agrees that the Agent may commission valuation(s) of any the Ship at such times as the Agent (acting on the instructions of the Lenders) shall deem necessary and, in any event, not less than once during each 6-month period of the Security Period.. The Borrower shall be responsible for the cost of two valuations per year, unless an Event of Default or Potential Event of Default is continuing

Frequency of valuations. The Borrower acknowledges Borrowers acknowledge and agrees agree that the Agent may commission valuation(s) of any Ship at such times as the Agent may reasonably request (acting including, without limitation, on the instructions occurrence of the Lendersany breach of obligation under this Agreement, any Finance Document or any other relevant documentation in connection therewith) shall deem necessary and, in any event, event not less than once during each 6-month period in any calendar year. PAYMENTS AND CALCULATIONS Currency and method of the Security Period.payments All payments to be made:

Frequency of valuations. The Each Borrower acknowledges and agrees that the Agent may commission valuation(s) of any the Ship at least semi-annually and at such other times as the Agent (acting on the instructions of the Lenders) shall deem necessary and, in any event, not less than once during each 6-month period (subject to Clause 15.8 of the Security Periodthis Agreement).

Frequency of valuations. The Each Borrower acknowledges and agrees that the Agent may commission valuation(s) of any each Ship at least semi-annually and at such other times as the Agent (acting on the instructions of the Lenders) shall deem necessary and, in any event, not less than once during each 6-month period (subject to Clause 15.8 of the Security Periodthis Agreement).

Frequency of valuations. The Borrower acknowledges Borrowers acknowledge and agrees agree that the Agent may request the Borrower to commission valuation(s) of any either Ship at such times as the Agent (acting on the instructions of the Lenders) Lender shall deem necessary and, in any event, not less than once during each 6-month period of the Security PeriodPeriod unless an Event of Default has occurred in which case the Agent may obtain as many valuations of the Ships as it thinks necessary and the Borrowers shall bear the cost in connection with any such valuations.

Frequency of valuations. The Borrower acknowledges Borrowers acknowledge and agrees agree that the Agent may commission valuation(s) of any either Ship at such times as the Agent (acting on the instructions of the Lenders) Lender shall deem necessary and, in any event, not less than once during each 6-month period of the Security Period.

Frequency of valuations. The Borrower acknowledges and agrees that the Agent may commission valuation(s) valuations of any Ship both the Ships at such times as the Agent (acting on the instructions of the Lenders) Majority Lenders shall deem necessary and, in any event, not less often than once during each 612-month period of the Security Period.

Frequency of valuations. The Borrower acknowledges and agrees that the Agent may commission valuation(s) of any the Ship at such times as the Agent (acting on the instructions of the Lenders) shall deem necessary and, in any event, not less than once during each 6-month period of the Security Period.

Frequency of valuations. The Borrower acknowledges and agrees that the Agent may commission valuation(s) valuations of any Ship the Mortgaged Ships at such times as the Agent (acting on the instructions of the Lenders) Majority Lenders shall deem necessary and, in any event, not less often than once during each 6-month period of the Security PeriodPeriod Provided that in each calendar year one set of valuations of each Ship may be obtained from the electronic services provided by an Approved Broker subject to such electronic services having been previously approved by the Agent (acting upon the instructions of the Majority Lenders) in writing.

Frequency of valuations. The Borrower acknowledges Borrowers acknowledge and agrees agree that the Agent may commission valuation(s) of any Ship at such times as the Agent (acting on the instructions of the Lenders) shall deem necessary and, in any event, not less than once during each 6-month period of the Security Period.

Frequency of valuations. The Borrower acknowledges and agrees that the Agent may commission valuation(s) of any the Ship at such times as the Agent may reasonably request (acting including, without limitation, on the instructions occurrence of the Lendersany breach of obligation under this Agreement, any Finance Document or any other relevant documentation in connection therewith) shall deem necessary and, in any event, event not less than once during each 6-month period of the Security Periodin any calendar year.