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 20.1, 20.3 and 21.3, the Borrowers shall, on demand, pay the Agent the amount of the fees and expenses of any Approved Broker 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 Provided that so long as no Event of Default or Potential Event of Default has occurred which is continuing or any valuation obtained would entitle the Agent to serve a notice pursuant to Clause 15.1, each Borrower shall not be obliged to pay any such fees or expenses in respect of more than two sets of valuations of the Ship owned by it in any calendar year.

Payment of valuation expenses. Without prejudice to the generality of the Borrowers' Borrower’s obligations under Clauses 20.119.2, 20.3 19.3 and 21.320.3, the Borrowers Borrower shall, on demand, pay the Agent Lender the amount of the reasonable fees and expenses of any the Approved Broker Brokers or expert experts instructed by the Agent Lender under this Clause and all reasonable legal and other expenses incurred by any Creditor Party the Lender in connection with any matter arising out of this Clause Provided that so long as no Event of Default or Potential Event of Default has occurred which is continuing or any valuation obtained would entitle the Agent Lender to serve a notice pursuant to Clause 15.114.1, each the Borrower shall not be obliged to pay any such fees or expenses in respect of more than two sets of valuations of the Ship owned by it (or other Fleet Vessel) in any calendar year.

Payment of valuation expenses. Without prejudice to the generality of the Borrowers' ’ obligations under Clauses 20.1, 20.3 and 21.3, the Borrowers shall, on demand, pay the Agent the amount of the fees and expenses of any Approved Broker 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 Provided that so long as no Event of Default or Potential Event of Default has occurred which is continuing or any valuation obtained would entitle the Agent to serve a notice pursuant to Clause 15.1, each Borrower shall not be obliged to pay any such fees or expenses in respect of more than two sets of valuations of the Ship owned by it in any calendar year.

Payment of valuation expenses. Without prejudice to the generality of the Borrowers' obligations under Clauses 20.1, 20.3 and 21.3, the Borrowers shall, on demand, pay the Agent the amount of the fees and expenses of any Approved Broker 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 Provided that so long as no Event of Default or Potential Event of Default has occurred which is continuing or any valuation obtained would entitle the Agent to serve a notice pursuant to Clause 15.1, each Borrower the Borrowers shall not be obliged to pay any such fees or expenses in respect of more than two sets one set of valuations of the each Ship owned by it in any calendar year.