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 Lender the amount of the fees and expenses of any shipbroker or expert instructed 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. Provided no Event of Default or Potential Event of Default has occurred and is continuing, the Borrower shall only be required to pay such fees and expenses for one valuation per Ship in each calendar year.

Payment of valuation expenses. Without prejudice to the generality of the Borrowers' obligations under Clauses 20.219.3, 20.3 19.4 and 21.320.3, the Borrowers shall, on demand, pay the Lender the amount of the fees and expenses of any shipbroker or expert instructed 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. Provided no Event of Default or Potential Event of Default has occurred and is continuing, the Borrower shall only be required to pay such fees and expenses for one valuation per Ship in each calendar year.

Payment of valuation expenses. Without prejudice to the generality of the Borrowers' Borrower’s obligations under Clauses 20.219.2, 20.3 19.3 and 21.320.3, the Borrowers Borrower shall, on demand, pay the Lender Agent the amount of the fees and expenses of any shipbroker or expert instructed by the Lender Agent under this Clause and all legal and other expenses incurred by the Lender any Creditor Party in connection with any matter arising out of this Clause. Provided that as long as no Event of Default or Potential Event of Default has occurred and is continuingshall have occurred, the Borrower shall only not be required obliged to pay any such fees and expenses for one valuation per in respect of more than two valuations of the Ship in each any calendar year.