Common use of Valuation of additional security Clause in Contracts

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the Vessels) shall be determined in accordance with clause 8.2.2 and (ii) of any other additional security provided or to be provided to the Banks or any of them shall be determined by the Agent in its absolute discretion.

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the VesselsVessel) shall be determined in accordance with clause 8.2.2 and (ii) of any other additional security provided or to be provided to the Banks or any of them shall be determined by the Agent in its absolute discretion.

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the Vessels) shall be determined in accordance with clause 8.2.2 and (ii) of any other additional security (except for cash) provided or to be provided to the Banks or any of them shall be determined by the Agent in its absolute discretion.

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the Vessels) shall be determined in accordance with clause 8.2.2 and (ii) of any other additional security provided or to be provided to the Banks or any of them Bank shall be determined by the Agent Bank in its absolute reasonable discretion.

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the Vessels) shall be determined in accordance with clause 8.2.2 and (ii) of any other additional security provided or to be provided to the Banks or any of them Lender shall be determined by the Agent Lender in its absolute discretion.

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the VesselsVessel) shall be determined in accordance with clause 8.2.2 and (ii) of any other additional security provided or to be provided to the Banks or any of them shall be determined by the Agent in its absolute discretion, Provided that additional security in the form of cash in Dollars will be valued on a Dollar for Dollar basis.

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the Vessels) shall be determined in accordance with clause 8.2.2 and (ii) of any other additional security provided or to be provided to the Banks or any of them shall be determined by the Agent in its absolute discretionafter consultation with the Lenders.

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the Vessels) shall be determined in accordance with clause 8.2.2 and (ii) of any other additional security provided or to be provided to the Banks or any of them Lender shall be determined by the Agent in its absolute discretionLender.

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the Vessels) shall be determined in accordance with clause 8.2.2 and (ii) of any other additional security provided or to be provided to the Banks Creditor Parties or any of them shall be determined by the Agent Agent, acting on the instructions of the Lenders, in its their absolute discretion.

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the Vessels) shall be determined in accordance with clause 8.2.2 and (ii) of any other additional security provided or to be provided to the Banks or any of them shall be determined by the Agent in its absolute discretionafter consultation with the Lenders and the Borrowers.

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the VesselsVessel) shall be determined in accordance with clause 8.2.2 and (ii) of any other additional security provided or to be provided to the Banks or any of them Lender shall be determined by the Agent Lender in its absolute discretion.

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the Vessels) shall be determined in accordance with clause 8.2.2 and (ii) of any other additional security provided or to be provided to the Banks or any of them shall be determined by the Agent Lender in its absolute discretion.

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the Vessels) shall be determined in accordance with clause 8.2.2 and (ii) of any other additional security provided or to be provided to the Banks or any of them Bank shall be determined by the Agent Bank in its absolute discretion.

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the Vessels) shall be determined in accordance with clause 8.2.2 and if the additional security is in the form of cash it shall be (i) in USD and (ii) of any other additional security provided or to be provided to the Banks or any of them shall be determined by the Agent in its absolute discretionface value.

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the VesselsVessel) shall be determined in accordance with clause 8.2.2 and (ii) of any other additional security provided or to be provided to the Banks or any of them cash in USD shall be determined by the Agent in its absolute discretionface value.

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over (not being a ship (other than the Vesselsship) shall be determined in accordance with clause 8.2.2 and (ii) of any other additional security provided or to be provided to the Banks Creditors or any of them shall be determined by the Agent in its absolute discretion.discretion without any necessity for the Agent assigning any reason therefore. If such additional security consists of a ship, the value of such ship shall be determined in accordance with clause 8.2.2 and all costs of such valuation will be paid by 36

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the VesselsVessel) shall be determined in accordance with clause 8.2.2 and (ii) of any other additional security provided or to be provided to the Banks or any of them Bank shall be determined by the Agent Bank in its absolute reasonable discretion.

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the VesselsVessel) shall be determined in accordance with clause 8.2.2 (Valuation of Vessel) and (ii) of any other additional security provided or to be provided to the Banks or any of them Lender shall be determined by the Agent Lender in its absolute discretion.

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the Vessels) shall be determined in accordance with clause 8.2.2 and (ii) of any other additional security provided or to be provided to the Banks or any of them Bank shall be determined by the Agent in its absolute discretionBank after consultation with the Borrowers.

Valuation of additional security. For the purposes of this clause 8.2, the market value (i) of any additional security over a ship (other than the VesselsVessel) shall be determined in accordance with clause 8.2.2 and (ii) of any other additional security provided or to be provided to the Banks or any of them Security Trustee shall be determined by the Agent in its absolute discretionLender on reasonable grounds.