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 20.2 (Costs of negotiation, preparation etc.), 20.3 (Costs of variations, amendments, enforcement etc.)

Appears in 2 contracts

Samples: Loan Agreement (Toro Corp.), Loan Agreement (Castor Maritime Inc.)

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Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 20.2 (Costs of negotiation, preparation etc.), 20.3 (Costs of variations, amendments, enforcement etc.) and 21.2 (Other breakage costs), the Borrower 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.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

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Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 20.2 (Costs of negotiation, preparation etc.), 20.3 (Costs of variations, amendments, amendments enforcement etc.) and 21.3 (Other breakage), the Borrower 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.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition Corp)

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