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 at such times as the Agent may reasonably request (including, without limitation, on the occurrence of any breach of 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 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 any breach an Event of 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 yearDefault).

Frequency of valuations. The Borrowers acknowledge and agree that the Agent may commission valuation(s) of either any Ship at least twice annually and at such other times as the Agent may reasonably request (including, without limitation, on the occurrence of any breach of 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 yeardeem necessary.

Frequency of valuations. The Borrowers acknowledge and agree that the Agent may commission valuation(s) of either Ship at such times as the Agent may reasonably request (including, without limitation, on the occurrence of any breach of 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 a year.