Common use of Payment of valuation expenses Clause in Contracts

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: Loan Agreement (GasLog Partners LP), Loan Agreement (GasLog Partners LP), Loan Agreement

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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 (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 the Lender in connection with any matter arising out of this Clause.

Appears in 4 contracts

Samples: Agreement (TBS International LTD), Agreement (StealthGas Inc.), Loan Agreement (StealthGas 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 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 (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 the Lender in connection with any matter arising out of this Clause.

Appears in 4 contracts

Samples: Loan Agreement (DryShips Inc.), Loan Agreement (Oceanfreight Inc.), Loan Agreement (DryShips Inc.)

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 (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 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 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 (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 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 21.319.3, the Borrower shall, on demand, pay the Agent Lender the amount of the fees and expenses of any shipbroker Approved Broker or expert instructed or approved by the Agent Lender 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 the Lender in connection with any matter arising out of this Clause.

Appears in 3 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp), Loan Agreement (Danaos 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 (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 2 contracts

Samples: 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 21.320.4, the Borrower shall, on demand, pay the Agent Lender the amount of the fees and expenses of any shipbroker or expert Approved Broker instructed by the Agent Lender 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 properly incurred by any Creditor Party the Lender in connection with any matter arising out of this Clause.

Appears in 2 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Facility Agreement (Gala Properties 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 (no more than twice per year unless an Event of Default has occurred which is continuing) 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 (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 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 20.219.2, 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 (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 2 contracts

Samples: Loan Agreement (Star Cosmo Llc.), 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, 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 (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 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 20.219.2, 20.3 19.3 and 21.320.3, the Borrower shall, on demand, pay the Agent Lender the amount of the reasonable fees and expenses of any shipbroker Approved Broker or expert instructed by the Agent Lender under this Clause (no more than twice per year unless an Event of Default has occurred which is continuing) and all reasonable legal and other expenses incurred by any Creditor Party the Lender in connection with any matter arising out of this Clause.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

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 Lender the amount of the fees and expenses of any shipbroker broker or expert instructed by the Agent Lender 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 the Lender in connection with any matter arising out of this Clause.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers 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 Approved Broker or expert instructed by the Agent Lender 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 the Lender in connection with any matter arising out of this Clause.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

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 (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 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 20.219.2, 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 (no more than twice per year unless an Event of Default has occurred which is continuing) and Clause 13.17 and all legal and other expenses incurred by any Creditor Party the Lender in connection with any matter arising out of this ClauseClause and Clause 13.17.

Appears in 1 contract

Samples: Loan Agreement (StealthGas 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 (no more than twice per year unless an Event of Default has occurred which is continuing) and Clause 13.17 and all legal and other expenses incurred by any Creditor Party the Lender in connection with any matter arising out of this ClauseClause and Clause 13.17.

Appears in 1 contract

Samples: Loan Agreement (StealthGas 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 (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 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 the amount of the reasonable 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 reasonably incurred by any Creditor Party in connection with any matter arising out of this Clause.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation 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 or expert instructed by the Agent under this Clause (no more than twice per year unless an Event for the purpose of Default has occurred which is continuing) 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

Samples: Loan Agreement (Seacastle Inc.)

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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 (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 1 contract

Samples: Agreement (Star Bulk Carriers Corp.)

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 (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 the Lender in connection with any matter arising out of this Clause.

Appears in 1 contract

Samples: Loan Agreement (TBS International 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 Borrower shall, on demand, pay the Agent Lender the amount of the fees and expenses of any shipbroker Approved Broker or expert instructed by the Agent Lender 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 the Lender 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 20.2, 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 (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 1 contract

Samples: Loan Agreement (EuroDry 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 broker or expert instructed by the Agent Lender 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 the Lender in connection with any matter arising out of this Clause.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

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 (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 1 contract

Samples: Loan Agreement (Crude Carriers Corp.)

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 the Approved Brokers or expert experts instructed by the Agent Lender 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 the Lender in connection with any matter arising out of this Clause.

Appears in 1 contract

Samples: Loan Agreement (Box Ships 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 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 (Top Ships 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 (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 the Agent in connection with any matter arising out of this Clause.

Appears in 1 contract

Samples: 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 Lender the amount of the reasonable fees and expenses of any shipbroker or expert instructed by the Agent Lender 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 reasonably incurred by any Creditor Party the Lender in connection with any matter arising out of this Clause.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation 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 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 (no more than twice per year unless an Event of Default has occurred which is continuing) 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: Agreement (Diana Shipping 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 14 (no but not more often than twice per year once in any period of 12 months unless an Event of Default has occurred which is continuingoccurred) 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 '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 (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 the Lender in connection with any matter arising out of this Clause.

Appears in 1 contract

Samples: Agreement (DryShips Inc.)

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