Common use of Payment of valuation expenses Clause in Contracts

Payment of valuation expenses. Without prejudice to the generality of the Borrowers’ obligations under Clauses 20.2, 20.3 and 21.3, the 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 Clause 15.

Appears in 1 contract

Samples: Agreement (NewLead Holdings Ltd.)

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Payment of valuation expenses. Without prejudice to the generality of the Borrowers’ Borrower's obligations under Clauses 20.2, 20.3 and 21.3, the Borrowers 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 15 and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this Clause 15Clause.

Appears in 1 contract

Samples: Loan Agreement (Crude Carriers Corp.)

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 Borrowers’ Borrower’s obligations under Clauses 20.2, 20.3 and 21.3, the Borrowers 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 15 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 15Clause.

Appears in 1 contract

Samples: Loan Agreement (Britannia Bulk Holdings Inc)

Payment of valuation expenses. Without prejudice to the generality of the 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 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 Clause 15Clause.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Payment of valuation expenses. Without prejudice to the generality of the Borrowers’ Borrower’s obligations under Clauses 20.2, 20.3 and 21.3, the Borrowers 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 15 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 15.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 Borrowers’ obligations under Clauses 20.2, 20.3 and 21.3, the 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 (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 15Clause.

Appears in 1 contract

Samples: Loan Agreement (GasLog Ltd.)

Payment of valuation expenses. Without prejudice to the generality of the Borrowers’ Borrower’s obligations under Clauses 20.2, 20.3 and 21.3, the Borrowers 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 15 and all legal and other expenses reasonably incurred by any Creditor Party in connection with any matter arising out of this Clause 15Clause.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Payment of valuation expenses. Without prejudice to the generality of the Borrowers’ obligations under Clauses 20.225.2, 20.3 25.3 and 21.326.3, the 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 20 and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this Clause 1520.

Appears in 1 contract

Samples: Agreement (NewLead Holdings Ltd.)

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