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 and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this Clause Provided that until the occurrence of an Event of Default or Potential Event of Default, the Borrowers shall be obliged to pay such fees or expenses in relation to the valuations referred to in Clause 9.1(b) and (ii) after the Drawdown Date, one set of valuations per calendar year for each Ship obtained in accordance with Clause 15.3.

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 and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this Clause Provided that until the occurrence of an Event of Default or Potential Event of Default, the Borrowers shall be obliged to pay such fees or expenses in relation to (i) the valuations referred to in Clause 9.1(b) and 9.l(a). (ii) after the valuations required for purposes of Clause 9.l(e) in respect of each Drawdown Date, Date and (iii) one set of valuations per calendar year for each Ship obtained in accordance with Clause 15.3.

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 and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this Clause Provided that until the occurrence of an Event of Default or Potential Event of Default, the Borrowers shall be obliged to pay such fees or expenses in relation to (i) the valuations referred to in Clause 9.1(b) and 9.l(a). (ii) after the valuations required for purposes of Clause 9.l(e) in respect of each Drawdown Date, one set of valuations per calendar year for each Ship obtained in accordance with Clause 15.3.Date and

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 and all legal and other expenses incurred by any Creditor Party in connection with any matter arising out of this Clause Provided that until the occurrence of an Event of Default or Potential Event of Default, the Borrowers shall be obliged to pay such fees or expenses in relation to (i) the valuations referred to in Clause 9.1(b) and 9.1(a), (ii) after the valuations required for purposes of Clause 9.1(e) in respect of each Drawdown Date, Date and (iii) one set of valuations per calendar year for each Ship obtained in accordance with Clause 15.3.