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 20.3, the Borrower shall, on demand, pay the Lender the amount of the reasonable fees and expenses of any shipbroker or expert instructed by the Lender under this Clause and all legal and other expenses reasonably incurred by 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 shall have occurred and is continuing the Borrower shall not be obliged to pay any such fees and expenses in respect of more than 1 valuation of the Ship in any calendar year.

Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 19.220.2, 19.3 20.3 and 20.321.3, the Borrower shall, on demand, pay the Lender Agent the amount of the reasonable fees and expenses of any shipbroker or expert instructed by the Lender Agent under this Clause and all legal and other expenses reasonably incurred by the Lender any Creditor Party in connection with any matter arising out of this Clause Clause. Provided that so as long as no Event of Default or Potential Event of Default shall have occurred and is continuing occurred, the Borrower shall not be obliged to pay any such fees and expenses in respect of more than 1 valuation two valuations of the Ship in any calendar year.

Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 19.2, 19.3 and 20.3, the Borrower shall, on demand, pay the Lender Agent the amount of the reasonable fees and expenses of any shipbroker or expert instructed by the Lender Agent under this Clause and all legal and other expenses reasonably incurred by the Lender any Creditor Party in connection with any matter arising out of this Clause Clause. Provided that so as long as no Event of Default or Potential Event of Default shall have occurred and is continuing occurred, the Borrower shall not be obliged to pay any such fees and expenses in respect of more than 1 valuation two valuations of the Ship in any calendar year.

Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 19.221.2, 19.3 21.3 and 20.322.3, the Borrower shall, on demand, pay the Lender Agent the amount of the reasonable fees and expenses of any shipbroker or expert instructed by the Lender Agent under this Clause and all legal and other expenses reasonably incurred by the Lender 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 shall have occurred and is be continuing the Borrower shall not be obliged to pay any such fees and expenses in respect of more than 1 one valuation of the each Ship in any calendar year.

Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 19.220.2, 19.3 20.3 and 20.321.3, the Borrower shall, on demand, pay the Lender Agent the amount of the reasonable fees and expenses of any shipbroker or expert instructed by the Lender Agent under this Clause and all legal and other expenses reasonably incurred by the Lender any Creditor Party in connection with any matter arising out of this Clause Provided that so long as if no Event of Default or Potential Event of Default shall have occurred and is be continuing the Borrower shall not only be obliged to pay any such fees and expenses in respect of more than 1 valuation one set of the valuations for each Ship in any each calendar year.