Common use of Valuation of Ship Clause in Contracts

Valuation of Ship. The market value of a Ship at any date is that shown by taking the arithmetic mean of two valuations each prepared:

Appears in 11 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

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Valuation of Ship. The market value of a the Ship at any date is that shown by taking the arithmetic mean of two valuations each a valuation prepared:

Appears in 9 contracts

Samples: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (GasLog Ltd.), Loan Agreement (GasLog Ltd.)

Valuation of Ship. The market value of a Ship at any date is that shown by taking the arithmetic mean valuation of two valuations each that Ship prepared:

Appears in 5 contracts

Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)

Valuation of Ship. The market value of a Ship at any date is that shown by taking the arithmetic mean of two valuations each a valuation prepared:

Appears in 4 contracts

Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Arlington Tankers Ltd.), Loan Agreement (General Maritime Corp / MI)

Valuation of Ship. The market value of a Ship at any date is that shown by taking the arithmetic mean of two valuations each preparedby:

Appears in 4 contracts

Samples: Agreement (Scorpio Bulkers Inc.), Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Valuation of Ship. The market value Market Value of a the Ship at any date is that shown by taking the arithmetic mean of two 2 written valuations each prepared:

Appears in 3 contracts

Samples: Loan Agreement (Product Shipping Ltd.), Loan Agreement (Product Shipping Ltd.), Loan Agreement (Product Shipping Ltd.)

Valuation of Ship. The market value Market Value of a the Ship at any date is that shown by taking the arithmetic mean average of two valuations each prepared:

Appears in 3 contracts

Samples: Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (DryShips Inc.)

Valuation of Ship. The market value Market Value of a the Ship (or any other Fleet Vessel) at any date is that shown by taking the arithmetic mean of two valuations valuations, each valuation to be prepared:

Appears in 3 contracts

Samples: Agreement (Paragon Shipping Inc.), Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)

Valuation of Ship. The market value of a Ship at any date is that shown (i) in a valuation or (ii) (at the Agent’s request acting in its sole discretion) by taking the arithmetic mean average of two valuations 2 valuations, in each case prepared:

Appears in 2 contracts

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

Valuation of Ship. The market value of a the Ship at any date is that shown by taking the arithmetic mean average of two 2 valuations each addressed to the Agent for the benefit of the Lenders and prepared:

Appears in 2 contracts

Samples: Loan Agreement (Euronav NV), Agreement (Euronav NV)

Valuation of Ship. The market value Market Value of a Ship (or any other Fleet Vessel) at any date (a "Valuation") is that shown by taking the arithmetic mean of two valuations valuations, each valuation to be prepared:

Appears in 2 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Valuation of Ship. (a) The market value of a Ship at any date is that shown (i) in a valuation or (ii) (at the Agent’s request acting in its sole discretion) by taking the arithmetic mean average of two valuations 2 valuations, in each case prepared:

Appears in 1 contract

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

Valuation of Ship. The market value of a the Ship at any date is that shown (i) in a valuation or (ii) (at the Agent’s request acting in its sole discretion) by taking the arithmetic mean average of two valuations 2 valuations, in each case prepared:

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Containers Inc.)

Valuation of Ship. The market value Market Value of a the Ship at any date is that shown by taking the arithmetic mean average of two valuations each prepared:

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Valuation of Ship. The market value of a Ship or other Fleet Vessel at any date is that shown by taking the arithmetic mean of two valuations each prepared:

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Valuation of Ship. The market value Market Value of a each Ship (or any other Fleet Vessel) at any date is that shown by taking the arithmetic mean of two valuations valuations, each valuation to be prepared:

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Valuation of Ship. The market value Market Value of a the Ship at any date is that shown by taking the arithmetic mean average of valuations prepared by two valuations independent sale and purchase shipbrokers selected by the Lender, each such valuation to be prepared:

Appears in 1 contract

Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)

Valuation of Ship. The market value Market Value of a the Ship at any date is that shown by taking the arithmetic mean average of two valuations (if a range of values is given by an Approved Broker the lowest value shall apply) each prepared:

Appears in 1 contract

Samples: Loan Agreement (Poseidon Containers Holdings Corp.)

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Valuation of Ship. The market value Market Value of a the Ship at any date is that shown by taking a valuation or, as the arithmetic mean case may be, the average of two valuations valuations, each prepared:

Appears in 1 contract

Samples: Loan Agreement (Quintana Shipping Ltd.)

Valuation of Ship. The market value of a the Ship at any date is that shown by taking the arithmetic mean of two valuations each prepared:

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Valuation of Ship. The market value of a Ship at any date is that shown by taking as the arithmetic mean average of two valuations each prepared:

Appears in 1 contract

Samples: Dynagas LNG Partners LP

Valuation of Ship. The market value Market Value of a Ship (or any other Fleet Vessel) at any date is that shown by taking the arithmetic mean average of two valuations valuations, each valuation to be prepared:

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Valuation of Ship. The market value of a the Ship at any date is that shown by taking the arithmetic mean average of two valuations each prepared:

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Valuation of Ship. The market value of a Ship at any date is that shown by taking the arithmetic mean average of two 2 valuations each prepared:

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Valuation of Ship. The market value of a the Ship at any date is that shown by taking the arithmetic mean average of two valuations valuations, each prepared:

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Valuation of Ship. The market value Market Value of a the Ship at any date is that shown by taking the arithmetic mean of 2 written valuations Provided that if the two valuations differ by a margin greater than 10 per cent. a third valuation shall be commissioned, each prepared:

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Valuation of Ship. The market value Market Value of a the Ship at any date is that shown by taking the arithmetic mean of two valuations valuations, each prepared:

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Valuation of Ship. The market value of a Ship at any date is that shown (i) in a valuation or (ii) (at the Lenders’ request acting in their sole discretion) by taking the arithmetic mean average of two valuations 2 valuations, in each case prepared:

Appears in 1 contract

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

Valuation of Ship. The market value of a the Ship and each Collateral Ship at any date is that shown by taking the arithmetic mean of two valuations each prepared:

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

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