Common use of Valuation of Ship Clause in Contracts

Valuation of Ship. The Market Value of the Ship at any date is that shown by a valuation prepared: (a) as at a date not more than 30 days previously; (b) by an Approved Broker; (c) with or without physical inspection of the Ship (as the Lender may require); (d) on the basis of a sale for prompt delivery for cash on normal arm’s length commercial terms as between a willing seller and a willing buyer, free of any existing charter or other contract of employment; and (e) after deducting the estimated amount of the usual and reasonable expenses which would be incurred in connection with the sale.

Valuation of Ship. The Market Value of the Ship at any date is that shown by a valuation the average of two valuations prepared: (a) as at a date not more than 30 14 days previously; (b) by an Approved Broker; (c) with or without physical inspection of the Ship (as the Lender may require); (c) by two Approved Brokers approved by the Lender; (d) on the basis of a sale for prompt delivery for cash on normal arm’s length commercial terms as between a willing seller and a willing buyer, buyer on a charter free of any existing charter or other contract of employment; andbasis; (e) after deducting the estimated amount of the usual and reasonable expenses which would be incurred in connection with the sale.

Valuation of Ship. The Market Value of the Ship at any date is that shown by a valuation the average of two valuations prepared: (a) as at a date not more than 30 14 days previously; (b) by an Approved Broker; (c) with or without physical inspection of the Ship (as the Lender Agent may require); (d) on the basis of a sale for prompt delivery for cash on normal arm’s length commercial terms as between a willing seller and a willing buyer, free of any existing ; (e) with or without charter or other contract of employmentemployment at the reasonable option of the Agent; and (ef) after deducting the estimated amount of the usual and reasonable expenses which would be incurred in connection with the sale.

Valuation of Ship. The Market Value market value of the Ship at any date is that shown by a valuation taking the average of two valuations each prepared: (a) as at a date not more than 30 14 days previously; (b) by an Approved BrokerBroker appointed by the Lender; (c) with or without physical inspection of the Ship (as the Lender may require); (d) on the basis of a sale for prompt delivery for cash on normal arm’s length commercial terms as between a willing seller and a willing buyer, free of any existing charter or other contract of employment; and (e) after deducting the estimated amount of the usual and reasonable expenses which would be incurred in connection with the sale.

Valuation of Ship. The Market Value of the Ship at any date is that shown by a valuation the average of two valuations each prepared: (a) as at a date not more than 30 days previously; (b) by an Approved Broker; (c) with or without physical inspection of the Ship (as the Lender Agent may require); (d) on the basis of a sale for prompt delivery for cash on normal arm’s length commercial terms as between a willing seller and a willing buyer, free of any existing ; (e) with or without charter or other contract of employmentemployment at the option of the Lender; and (ef) after deducting the estimated amount of the usual and reasonable expenses which would be incurred in connection with the sale.