Common use of Frequency of valuations Clause in Contracts

Frequency of valuations. The Borrowers acknowledge and agree that the Agent may commission valuation(s) of either Ship on a quarterly basis or at such times as the Agent may reasonably request (including, without limitation, on the occurrence of an Event of Default).

Frequency of valuations. The Borrowers acknowledge and agree that the Agent may commission valuation(s) of either Ship on a quarterly basis or at such times as the Agent may reasonably request (including, without limitation, on the occurrence of an Event any breach of Default)obligation under this Agreement, any Finance Document or any other relevant documentation in connection therewith) and, in any event not less than once in any calendar year.

Frequency of valuations. The Borrowers acknowledge Each Borrower acknowledges and agree agrees that the Agent may commission valuation(s) of either the Ship on a quarterly basis or at such times as the Agent may reasonably request (including, without limitation, on the occurrence of an Event of Default)shall deem necessary.

Frequency of valuations. The Borrowers acknowledge and agree that the Agent may commission valuation(s) of either Ship on a quarterly basis or at such times as the Agent may reasonably request (including, without limitation, on the occurrence of an Event any breach of Default)obligation under this Agreement, any Finance Document or any other relevant documentation in connection therewith) and, in any event not less than once a year.

Frequency of valuations. The Borrowers acknowledge and agree that the Agent may commission valuation(s) of either any Ship on a quarterly basis or at least twice annually and at such other times as the Agent may reasonably request (including, without limitation, on the occurrence of an Event of Default)deem necessary.