Valuation of additional security. For the purposes of this clause 8.2, the market value of any additional security provided or to be provided to the Bank shall be determined by the Bank in its absolute discretion without any necessity for the Bank assigning any reason thereto.
Appears in 8 contracts
Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Eighth Supplemental Agreement (Aegean Marine Petroleum Network Inc.)
Valuation of additional security. For the purposes purpose of this clause 8.2, the market value of any additional security provided or to be provided to the Bank shall be determined by the Bank in its absolute discretion without any necessity for the Bank assigning any reason thereto.
Appears in 8 contracts
Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Freeseas Inc.), Facility Agreement (Globus Maritime LTD)
Valuation of additional security. For the purposes purpose of this clause 8.28.3, the market value of any additional security provided or to be provided to the Bank shall be determined by the Bank in its absolute discretion without any necessity for the Bank assigning any reason thereto.
Appears in 8 contracts
Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.), Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)
Valuation of additional security. For the purposes purpose of this clause 8.2, the market value of any additional security provided or to be provided to the Bank Banks shall be determined by the Bank Banks in its their absolute discretion without any necessity for the Bank Banks assigning any reason thereto.
Appears in 5 contracts
Samples: Facilities Agreement (Aries Maritime Transport LTD), Junior Secured Loan Agreement (Omega Navigation Enterprises, Inc.), Facility Agreement (Aries Maritime Transport LTD)
Valuation of additional security. For the purposes purpose of this clause 8.29.2, the market value of any additional security provided or to be provided to the Bank shall be determined by the Bank in its absolute discretion without any necessity for the Bank assigning any reason thereto.
Appears in 4 contracts
Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Valuation of additional security. For the purposes of this clause 8.2, the market value of any additional security provided or to be provided to the Bank Creditors or any of them shall be determined by the Bank Majority Banks in its their absolute discretion without any necessity for the Bank Majority Banks assigning any reason theretotherefor.
Appears in 4 contracts
Samples: Ninth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Third Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Senior Loan Agreement (FreeSeas Inc.)
Valuation of additional security. For the purposes purpose of this clause 8.2Clause 8.5, the market value of any additional security provided or to be provided to the Bank shall be determined by the Bank in its absolute discretion without any necessity for the Bank assigning any reason theretothereto provided always that if the additional security is in the form of a collateral vessel such collateral vessel shall be valued in accordance with the provisions of Clause 8.5(b) or if the additional security is in form of a cash deposit full credit shall be given for such cash deposit on a Dollar for Dollar basis.
Appears in 3 contracts
Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (NewLead Holdings Ltd.), Credit Agreement (Paragon Shipping Inc.)
Valuation of additional security. For the purposes purpose of this clause 8.2Clause 8.6, the market value of any additional security provided or to be provided to the Bank shall be determined by the Bank in its absolute discretion without any necessity for the Bank assigning any reason theretothereto provided always that if the additional security is in the form of a collateral vessel such collateral vessel shall be valued in accordance with the provisions of Clause 8.6(b) or if the additional security is in form of a cash deposit full credit shall be given for such cash deposit on a Dollar for Dollar basis.
Appears in 3 contracts
Samples: Loan Agreement (Top Ships Inc.), Loan Agreement (FreeSeas Inc.), Loan Agreement (FreeSeas Inc.)
Valuation of additional security. For the purposes purpose of this clause 8.29.2, the market value of any additional security provided or to be provided to the Bank shall be determined by the Bank in its absolute discretion without any necessity for the Bank assigning any reason thereto.
Appears in 2 contracts
Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Valuation of additional security. For the purposes purpose of this clause Clause 8.2, the market value of any additional security provided or to be provided to the Bank shall be determined by the Bank in its absolute discretion without any necessity for the Bank assigning any reason theretodiscretion.
Appears in 2 contracts
Samples: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)
Valuation of additional security. For the purposes purpose of this clause 8.2, the market value of any additional security provided or to be provided to the Bank Banks shall be determined by the Bank Banks in its their absolute discretion without any necessity for the Bank Banks assigning any reason thereto, Provided always that any vessel shall be valued under this clause 8.2 as if it were a “Ship”.
Appears in 1 contract
Samples: Loan Agreement (Mc Shipping Inc)
Valuation of additional security. For the purposes of this clause 8.28.1.16, the market value of any additional security provided or to be provided to the Bank shall be determined by the Bank in its absolute discretion without any necessity for the Bank assigning any reason theretotherefor.
Appears in 1 contract
