VALUATION OF ASSETS. For the purpose of the Finance Documents, the value at any time of any Mortgaged Ship or any other asset over which additional security is provided under this clause 25 will be its value as most recently determined in accordance with this clause 25.
Appears in 4 contracts
Samples: Loan Agreement (Navigator Holdings Ltd.), Supplemental Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.)
VALUATION OF ASSETS. For the purpose of the Finance Documents, the value at any time of any Mortgaged Ship or any other asset over which additional security is provided under this clause 25 23 will be its value as most recently determined in accordance with this clause 2523.
Appears in 3 contracts
Samples: Facilities Agreement (GasLog Partners LP), Facilities Agreement (GasLog Partners LP), Facilities Agreement (GasLog Ltd.)
VALUATION OF ASSETS. For the purpose of the Finance Documents, the value Market Value at any time of any Mortgaged Ship or the value of any other asset over which additional security is provided under this clause 25 26 will be its value as most recently determined in accordance with this clause 2526.
Appears in 3 contracts
Samples: Facility Agreement, Facility Agreement (Danaos Corp), Facility Agreement (Danaos Corp)
VALUATION OF ASSETS. For the purpose of the Finance Documents, the value at any time of any Mortgaged Ship or any other asset over which additional security is provided under this clause 25 26 will be its value as most recently determined in accordance with this clause 2526.
Appears in 3 contracts
Samples: Facility Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.), Loan Facility Agreement (Navigator Holdings Ltd.)
VALUATION OF ASSETS. For the purpose of the Finance Documents, the value at any time of any Mortgaged the Ship or any other asset over which additional security is provided under this clause 25 will be its value as most recently determined in accordance with this clause 2524.
Appears in 2 contracts
Samples: Facility Agreement (Teekay Tankers Ltd.), Facility Agreement (Teekay Tankers Ltd.)
VALUATION OF ASSETS. For the purpose of the Finance Documents, the value at any time of any Mortgaged Ship or any other asset over which additional security is provided under this clause 25 will be its value as most recently determined in accordance with this clause 25 or, in respect of any Utilisation applicable to a Ship, its value as determined by the valuations provided pursuant to clause 4 (Conditions of Utilisation) and otherwise in accordance with this clause 25.
Appears in 2 contracts
Samples: Amendment and Restatement Agreement (Hafnia LTD), Amendment and Restatement Agreement (Hafnia LTD)
VALUATION OF ASSETS. For the purpose of the Finance Documents, the value at any time of any Mortgaged Ship or any other asset over which additional security is provided under this clause 25 will be its value as most recently determined in accordance with this clause 25.
Appears in 2 contracts
Samples: Loan Agreement (Hafnia LTD), Loan Agreement (Hafnia LTD)
VALUATION OF ASSETS. For the purpose of the Finance Documents, the aggregate value at any time of any the Mortgaged Ship Ships or any other asset over which additional security is provided under this clause 25 Clause 24 will be its value the values as most recently determined in accordance with this clause 25Clause 24.
Appears in 2 contracts
Samples: Loan Agreement (Dorian LPG Ltd.), Loan Agreement (Dorian LPG Ltd.)
VALUATION OF ASSETS. For the purpose of the Finance Documents, the value at any time of any Mortgaged Ship or a Ship before the Utilisation, or any other asset over which additional security is provided under this clause 25 will be its value as most recently determined in accordance with this clause 25.
Appears in 1 contract
Samples: Facility Agreement (DryShips Inc.)
VALUATION OF ASSETS. For the purpose of the Finance Documents, the value at any time of any Mortgaged Ship or a Ship before its Delivery, or any other asset over which additional security is provided under this clause 25 will be its value as most recently determined in accordance with this clause 25.
Appears in 1 contract
VALUATION OF ASSETS. For the purpose of the Finance Documents, the value at any time of any Mortgaged the Ship or any other asset over which additional security is provided under this clause 25 23 will be its value as most recently determined in accordance with this clause 2523.
Appears in 1 contract
Samples: Facility Agreement (GasLog Ltd.)
VALUATION OF ASSETS. For the purpose of the Finance Documents, the value at any time of any Mortgaged Ship or any other asset over which additional security is provided under this clause 25 will be its value as most recently determined in accordance with this clause 25 or, in respect of the first Utilisation, its value as determined by the valuations provided pursuant to clause 4 (Conditions of Utilisation) and otherwise in accordance with this clause 25.
Appears in 1 contract
Samples: Loan Agreement (Hafnia LTD)