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 19.2, 19.3 and 19.3, the Borrower shall, on demand, pay the Lender the amount of the fees and expenses of any Approved Broker or expert instructed or approved by the Lender under this Clause and all legal and other expenses incurred by 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)

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Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 19.2, 19.3 and 19.320.3, the Borrower shall, on demand, pay the Lender the amount of the reasonable fees and expenses of any Approved Broker or expert instructed or approved by the Lender under this Clause and all reasonable legal and other expenses incurred by 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 obligations under Clauses 19.220.2, 19.3 20.3 and 19.320.4, the Borrower shall, on demand, pay the Lender the amount of the fees and expenses of any Approved Broker or expert instructed or approved by the Lender under this Clause and all legal and other expenses properly incurred by the Lender in connection with any matter arising out of this Clause.

Appears in 2 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Gala Properties Inc.)

Payment of valuation expenses. Without prejudice to the generality of the Borrower’s Borrowers’ obligations under Clauses 19.220.2, 19.3 20.3 and 19.321.3, the Borrower Borrowers shall, on demand, pay the Lender the amount of the fees and expenses of any Approved Broker broker or expert instructed or approved by the Lender under this Clause and all legal and other expenses incurred by 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 19.2, 19.3 and 19.320.3, the Borrower shall, on demand, pay the Lender the amount of the fees and expenses of any Approved Broker or expert instructed or approved by the Lender under this Clause and all legal and other expenses incurred by the Lender in connection with any matter arising out of this Clause.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

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Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 19.218.2, 19.3 18.3 and 19.3, the Borrower shall, on demand, pay the Lender the amount of the fees and expenses of any Approved Broker broker or expert instructed or approved by the Lender under this Clause and all legal and other expenses incurred by 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 19.2, 19.3 and 19.320.3, the Borrower shall, on demand, pay the Lender the amount of the fees and expenses of any the Approved Broker Brokers or expert experts instructed or approved by the Lender under this Clause and all legal and other expenses incurred by 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 19.2, 19.3 and 19.320.3, the Borrower shall, on demand, pay the Lender the amount of the fees and expenses of any Approved Broker or expert instructed or approved by the Lender under this Clause and all legal and other expenses incurred by the Lender in connection with any matter arising out of this Clause.

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

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