Common use of Frequency of valuations Clause in Contracts

Frequency of valuations. The Borrower acknowledges and agrees that the Lender may commission valuations of the Ships at such times as the Lender shall deem necessary and, in any event, not less often than once during each 3-month period of the Security Period 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 Lender in writing.

Frequency of valuations. The Borrower acknowledges and agrees that the Lender may commission valuations of the Ships Ship at such times as the Lender shall deem necessary and, and in any event, event not less often than once during each 3-month period of the Security Period 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 Lender in writingPeriod.

Frequency of valuations. The Borrower acknowledges and agrees that the Lender may commission valuations of the Ships each Ship at such times as the Lender shall deem necessary and, in any event, not less often than once during each 3-12 month period of the Security Period 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 Lender in writingPeriod.

Frequency of valuations. The Borrower acknowledges and agrees that the Lender may commission valuations of the Ships Ship at such times as the Lender shall deem necessary and, and in any event, event not less often than once during each 3-12 month period of the Security Period 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 Lender in writingPeriod.

Frequency of valuations. The Borrower acknowledges and agrees that the Lender Agent may commission valuations of the Mortgaged Ships at such times as the Lender Majority Lenders shall deem necessary and, in any event, not less often than once during each 3-month period of the Security Period 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 Lender Agent (acting upon the instructions of the Majority Lenders) in writing.

Frequency of valuations. The Borrower acknowledges and agrees that the Lender may commission valuations of the Ships Ship at such times as the Lender shall deem necessary and, in any event, not less often than once during each 312-month period of the Security Period 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 Lender in writingPeriod.

Frequency of valuations. The Borrower acknowledges Borrowers acknowledge and agrees agree that the Lender may commission valuations of the Ships a Ship at such times as the Lender shall deem necessary (in its absolute discretion) and, in any event, not less often than once during each 3-12 month period of the Security Period 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 Lender in writing.

Frequency of valuations. The Borrower acknowledges Borrowers acknowledge and agrees agree that the Lender may commission valuations of the Ships at such times as the Lender shall deem necessary and, in any event, not less often than once in respect of each Ship during each 312-month period of the Security Period Provided on the anniversary of the Drawdown Date of the Tranche financing 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 Lender in writingShip.