Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 20.2, 20.3 and 21.3, the Borrower shall, on demand, pay the Agent the amount of the fees and expenses of any shipbroker or expert instructed by the Agent under this Clause and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this Clause.
Appears in 6 contracts
Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.), Loan Agreement (Euronav NV), Loan Agreement (Euronav NV)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 20.2, 20.3 and 21.3, the Borrower shall, on demand, pay the Agent the amount of the fees and expenses of any shipbroker or expert instructed by the Agent under this Clause (no more than twice per year unless an Event of Default has occurred which is continuing) and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this Clause.
Appears in 4 contracts
Samples: Amending and Restating Agreement (GasLog Partners LP), Loan Agreement (GasLog Partners LP), Loan Agreement
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s 's obligations under Clauses 20.2, 20.3 19.3 and 21.320.3, the Borrower shall, on demand, pay the Agent Lender the amount of the fees and expenses of any shipbroker or expert instructed by the Agent Lender under this Clause and all legal and other expenses incurred by any Creditor Party the Lender in connection with any matter arising out of this Clause.
Appears in 4 contracts
Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s Borrowers’ obligations under Clauses 20.219.2, 20.3 19.3 and 21.320.3, the each Borrower shall, on demand, pay the Agent Lender the amount of the fees and expenses of any shipbroker or expert instructed by the Agent Lender under this Clause and all legal and other expenses incurred by any Creditor Party the Lender in connection with any matter arising out of this Clause.
Appears in 4 contracts
Samples: Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s Borrowers' obligations under Clauses 20.219.2, 20.3 19.3 and 21.320.3, the Borrower Borrowers shall, on demand, pay the Agent Lender the amount of the fees and expenses of any shipbroker or expert instructed by the Agent Lender under this Clause and all legal and other expenses incurred by any Creditor Party the Lender in connection with any matter arising out of this Clause.
Appears in 4 contracts
Samples: Loan Agreement (TBS International LTD), Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 20.219.2, 20.3 19.3 and 21.320.3, the Borrower shall, on demand, pay the Agent Lender the amount of the fees and expenses of any shipbroker or expert instructed by the Agent Lender under this Clause and all legal and other expenses incurred by any Creditor Party the Lender in connection with any matter arising out of this Clause.
Appears in 3 contracts
Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Omega Navigation Enterprises, Inc.), Loan Agreement (DryShips Inc.)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 20.219.2, 20.3 19.3 and 21.320.3, the Borrower shall, on demand, pay the Agent Lender the amount of the fees and expenses of any shipbroker or expert instructed by the Agent Lender under this Clause and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this Clause.
Appears in 2 contracts
Samples: Loan Agreement (Star Cosmo Llc.), Loan Agreement (Star Bulk Carriers Corp.)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 20.2, 20.3 and 21.3, the Borrower shall, subject to the provisions of Clause 15.9, on demand, pay the Agent the amount of the fees and expenses of any shipbroker shipbrokers or expert experts instructed by the Agent under this Clause and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this Clause.
Appears in 2 contracts
Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (EuroDry Ltd.)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 20.2, 20.3 and 21.3, the Borrower shall, on demand, pay the Agent the amount of the fees and expenses of any shipbroker shipbrokers or expert experts instructed by the Agent under this Clause and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this Clause.
Appears in 2 contracts
Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 20.2, 20.3 and 21.3, the Borrower shall, on demand, pay the Agent the amount of the fees and expenses of any shipbroker or expert instructed by the Agent under this Clause and all reasonable, out-of-pocket legal and other expenses incurred by any Creditor Party the Agent or the Security Trustee in connection with any matter arising out of this Clause.
Appears in 2 contracts
Samples: Loan Agreement (Britannia Bulk PLC), Loan Agreement (Britannia Bulk Holdings Inc)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s Borrowers’ obligations under Clauses 20.2, 20.3 and 21.3, the Borrower Borrowers shall, subject to the provisions of Clause 15.9, on demand, pay the Agent the amount of the fees and expenses of any shipbroker shipbrokers or expert experts instructed by the Agent under this Clause and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this Clause.
Appears in 2 contracts
Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Euroseas Ltd.)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 20.218.2, 20.3 18.3 and 21.319.3, the Borrower shall, on demand, pay the Agent Lender the amount of the fees and expenses of any shipbroker or expert instructed by the Agent Lender under this Clause and all legal and other expenses incurred by any Creditor Party the Lender in connection with any matter arising out of this Clause.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s Borrowers' obligations under Clauses 20.2, 20.3 and 21.3, the Borrower Borrowers shall, on demand, pay the Agent the amount of the fees and expenses of any shipbroker or expert instructed by the Agent under this Clause and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this Clause.
Appears in 1 contract
Samples: Loan Agreement (Top Ships Inc.)
Payment of valuation expenses. Without Subject to Clause 15.5 with regard to valuation expenses for the Ships but without prejudice to the generality of the Borrower’s obligations under Clauses 20.2, 20.3 and 21.3, the Borrower shall, on demand, pay the Agent the amount of the fees and expenses of any shipbroker or expert instructed by the Agent under this Clause and all reasonable, out-of-pocket legal and other expenses incurred by any Creditor Party the Agent and the Security Trustee in connection with any matter arising out of this Clause.
Appears in 1 contract
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 20.2, 20.3 and 21.3, the Borrower shall, on demand, pay the Agent the amount of the fees and expenses of any shipbroker or expert instructed by the Agent under this Clause for the purpose of the annual valuation referred to in Clause 15.8 and all legal and other expenses incurred by any Creditor Party each valuation referred to in connection with any matter arising out of this Clause.Schedule 4, Part
Appears in 1 contract
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s Borrowers’ obligations under Clauses 20.225.2, 20.3 25.3 and 21.326.3, the Borrower Borrowers shall, on demand, pay the Agent the amount of the fees and expenses of any shipbroker or expert instructed by the Agent under this Clause 20 and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this ClauseClause 20.
Appears in 1 contract
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 20.2, 20.3 and 21.3, the Borrower shall, on demand, pay the Agent the amount of the fees and expenses of any shipbroker or expert instructed by the Agent under this Clause and all legal and other expenses incurred by any Creditor Party the Agent in connection with any matter arising out of this Clause.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s Borrowers’ obligations under Clauses 20.2, 20.3 and 21.3, the Borrower Borrowers shall, on demand, pay the Agent the amount of the fees and expenses of any shipbroker or expert instructed by the Agent under this Clause (no more than twice per year per Ship unless an Event of Default has occurred which is continuing) and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this Clause.
Appears in 1 contract
Samples: Loan Agreement (GasLog Ltd.)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s 's obligations under Clauses 20.2, 20.3 and 21.3, the Borrower shall, on demand, pay the Agent the amount of the fees and expenses of any shipbroker or expert instructed by the Agent under this Clause and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this Clause.
Appears in 1 contract
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s Borrowers' obligations under Clauses 20.219.2, 20.3 19.3 and 21.320.3, the Borrower Borrowers shall, on demand, pay the Agent Lender the amount of the fees and expenses of any shipbroker or expert instructed by the Agent Lender under this Clause and all legal and other reasonable expenses incurred by any Creditor Party the Lender in connection with any matter arising out of this ClauseClause 14.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s 's obligations under Clauses 20.219.2, 20.3 19.3 and 21.320.3, the Borrower shall, on demand, pay the Agent Lender the amount of the fees and expenses of any shipbroker or expert instructed by the Agent Lender under this Clause and all legal and other expenses incurred by any Creditor Party the Lender in connection with any matter arising out of this Clause.
Appears in 1 contract
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s 's obligations under Clauses 20.219.2, 20.3 19.3 and 21.320.3, the Borrower shall, on demand, pay the Agent Lender the amount of the fees and expenses of any shipbroker or expert instructed by the Agent Lender under this Clause and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this Clause.
Appears in 1 contract
Samples: Amending and Restating Agreement (Star Bulk Carriers Corp.)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s Borrowers’ obligations under Clauses 20.219.2, 20.3 19.3 and 21.320.3, the Borrower Borrowers shall, on demand, pay the Agent Lender the amount of the fees and expenses of any shipbroker or expert instructed by the Agent Lender under this Clause 14 (but not more often than once in any period of 12 months unless an Event of Default has occurred) and all legal and other expenses incurred by any Creditor Party the Lender in connection with any matter arising out of this Clause.
Appears in 1 contract
Samples: Loan Agreement (Mc Shipping Inc)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s Borrowers’ obligations under Clauses 20.220.2 (Costs of negotiation, preparation etc.), 20.3 (Costs of variations, amendments, enforcement etc.) and 21.321.3 (Miscellaneous indemnities), the Borrower Borrowers shall, on demand, pay the Agent the amount of the fees and expenses of any shipbroker or expert instructed by the Agent under this Clause and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this Clause.
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s 's obligations under Clauses 20.2, 20.3 and 21.3, the Borrower shall, subject to the provisions of Clause 15.9, on demand, pay the Agent the amount of the fees and expenses of any shipbroker shipbrokers or expert experts instructed by the Agent under this Clause and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this Clause.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s 's obligations under Clauses 20.218.2, 20.3 18.3 and 21.319.3, the Borrower shall, on demand, pay the Agent Lender the amount of the fees and expenses of any shipbroker or expert instructed by the Agent Lender under this Clause and all legal and other expenses incurred by any Creditor Party the Lender in connection with any matter arising out of this Clause.
Appears in 1 contract
Samples: Fourth Amending and Restating Agreement (DryShips Inc.)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 20.2, 20.3 and 21.3, the Borrower shall, on demand, pay the Agent the amount of the reasonable fees and expenses of any shipbroker or expert instructed by the Agent under this Clause and all legal and other expenses reasonably incurred by any Creditor Party in connection with any matter arising out of this Clause.
Appears in 1 contract
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s Borrowers’ obligations under Clauses 20.219.2, 20.3 19.3 and 21.320.3, the Borrower Borrowers shall, on demand, pay the Agent Lender the amount of the fees and expenses of any shipbroker or expert instructed by the Agent Lender under this Clause and all legal and other expenses incurred by any Creditor Party the Lender in connection with any matter arising out of this Clause.
Appears in 1 contract
Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 20.2, 20.3 and 21.3, the Borrower shall, on demand, pay the Agent Lender the amount of the reasonable fees and expenses of any shipbroker or expert instructed by the Agent Lender under this Clause and all legal and other expenses reasonably incurred by any Creditor Party the Lender in connection with any matter arising out of this Clause.
Appears in 1 contract
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s Borrowers’ obligations under Clauses 20.2, 20.3 and 21.3, the Borrower Borrowers shall, on demand, pay the Agent the amount of the fees and expenses of any shipbroker or expert instructed by the Agent under this Clause 15 (but not more often than once in any period of 12 months unless an Event of Default has occurred) and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this Clause.
Appears in 1 contract
Samples: Loan Agreement (Mc Shipping Inc)
Payment of valuation expenses. Without prejudice to the generality of the Borrower’s Borrowers’ obligations under Clauses 20.2, 20.3 and 21.3, the Borrower Borrowers shall, on demand, pay the Agent the amount of the fees and expenses of any shipbroker or expert instructed by the Agent under this Clause 15 and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this ClauseClause 15.
Appears in 1 contract