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 of any additional security provided or to be provided to the Creditors or any of them shall be determined by the Agent in its absolute discretion without any necessity for the Agent assigning any reason therefor.

Appears in 6 contracts

Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)

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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 Creditors or any of them Security Agent shall be determined by the Agent in its absolute discretion without any necessity for the Agent assigning any reason thereforthereto.

Appears in 6 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Supplemental Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.)

Valuation of additional security. For the purposes purpose of this clause 8.2Clause 14, the market value of any additional security provided or to be provided to the Creditors or any of them Agent shall be determined by the Agent in its absolute discretion without any necessity for the Agent assigning any reason thereforthereto.

Appears in 4 contracts

Samples: Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Prestige Cruises International, 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 pursuant to the Creditors or any of them clause 8.2.1(b) shall be determined by the Agent in its absolute discretion without any necessity for the Agent assigning any reason therefor.

Appears in 3 contracts

Samples: Supplemental Agreement (Quintana Shipping Ltd.), Master Swap Agreement (Quintana Shipping Ltd.), Supplemental Agreement (Quintana Shipping Ltd.)

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 Creditors or any of them shall be determined by the Agent in its absolute discretion without any necessity for the Agent assigning any reason therefordiscretion.

Appears in 2 contracts

Samples: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas 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 Security Agent and/or the other Creditors or any of them shall be determined by the Agent in its absolute discretion without any necessity for the Agent assigning any reason thereforthereto.

Appears in 2 contracts

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network 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 Creditors or any of them shall be determined by the Agent Agent, acting on the instructions of the Majority Lenders, in its absolute discretion without any necessity for the Agent assigning any reason therefor.

Appears in 1 contract

Samples: Facility Agreement (Costamare Inc.)

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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 Creditors or any of them Security Agent shall be determined by the Agent in its absolute discretion without any necessity for the Agent assigning any reason thereforthereto Provided however that in the event that such additional security is in the form of cash deposits in Dollars pledged and/or assigned and/or charged in favour of the Security Agent, and such cash deposit is free from any Encumbrances, full credit shall be given for such cash on a “Dollar for Dollar” basis.

Appears in 1 contract

Samples: Loan Agreement (DryShips 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 Creditors or any of them Lenders shall be determined by the Agent Facility Agent, acting on the instructions of the Majority Lenders in its their absolute discretion discretion, without any necessity for the Agent Majority Lenders assigning any reason thereforthereto.

Appears in 1 contract

Samples: Agreement (Teekay LNG Partners L.P.)

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 Creditors or any of them Agent shall be determined by the Agent in its absolute reasonable discretion without any necessity for the Agent assigning any reason thereforthereto.

Appears in 1 contract

Samples: Loan Agreement (Capital Maritime & Trading Corp.)

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 Creditors or any of them shall be determined by the Agent in its absolute discretion without any necessity for the Agent assigning any reason thereforreasonable discretion.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

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