Common use of Frequency of valuations Clause in Contracts

Frequency of valuations. The Agent shall be entitled to obtain written valuations of the Ship prior to the drawdown of the Loan and any time during the Security Period, provided that after drawdown of the Loan the costs and expenses of such shall only be borne by the Borrower once per year (unless an Event of Default has occurred and is continuing, in which case the Agent shall be entitled to obtain a valuation at any time, at the cost and expense of the Borrower).

Frequency of valuations. The Agent shall be entitled to obtain written valuations a valuation of the Ship prior to the drawdown of the Loan and at any time during the Security Period, provided that after drawdown of the Loan the costs and expenses of such shall only be borne by the Borrower once four (4) times per year (unless an Event of Default has occurred and is continuing, in which case the Agent shall be entitled to obtain a valuation at any time, at the cost and expense of the Borroweroccurred).

Frequency of valuations. The Agent shall be entitled to obtain written valuations of the Ship Ships prior to the drawdown of the Loan an Advance and any time during the Security Period, provided that after drawdown of the Loan the costs and expenses of such shall only be borne by the Borrower Borrowers once per year (unless an Event of Default has occurred and is continuing, in which case the Agent shall be entitled to obtain a valuation at any time, at the cost and expense of the BorrowerBorrowers).

Frequency of valuations. The Agent shall be entitled to obtain written valuations of the Ship prior to the drawdown of the Loan and any time during the Security Period, provided that after drawdown of the Loan the costs and expenses of such shall only be borne by the Borrower once per year (unless an Event of Default has occurred and is continuingcontinuing or a mandatory prepayment event under Clause 8.8 has occurred, in which case the Agent shall be entitled to obtain a valuation at any time, at the cost and expense of the Borrower).

Frequency of valuations. The Agent shall be entitled to obtain written valuations of the Ship Ships prior to the drawdown of the Loan and any time during the Security Period, provided that after drawdown of the Loan the costs and expenses of such shall only be borne by the Borrower Borrowers once per year (unless an Event of Default has occurred and is continuingcontinuing or a mandatory prepayment event under Clause 8.8 has occurred, in which case the Agent shall be entitled to obtain a valuation at any time, at the cost and expense of the BorrowerBorrowers).