Common use of Valuation of Ships Clause in Contracts

Valuation of Ships. The market value of a Ship at any date is that shown by a valuation prepared:

Appears in 9 contracts

Samples: Loan Agreement (Pyxis Tankers Inc.), Facility Agreement (Eagle Bulk Shipping Inc.), Loan Agreement (TBS International PLC)

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Valuation of Ships. The market value of a Ship at any date is that shown by a valuation the average of two valuations prepared:

Appears in 6 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

Valuation of Ships. The market value Market Value of a Ship (or any other Fleet Vessel) at any date during the Security Period is that shown by a valuation to be prepared:

Appears in 6 contracts

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

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

Appears in 5 contracts

Samples: Loan Agreement, Agreement (Dynagas LNG Partners LP), Loan Agreement (Dynagas LNG Partners LP)

Valuation of Ships. The market value the Market Value of a Mortgaged Ship at any date is that shown by a valuation prepared:

Appears in 2 contracts

Samples: Agreement (Seanergy Maritime Holdings Corp.), Agreement (Seanergy Maritime Holdings Corp.)

Valuation of Ships. The market value Market Value of a Ship at any date is that shown by a taking the arithmetic means of two valuations addressed to the Agent, each valuation to be prepared:

Appears in 2 contracts

Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Poseidon Containers Holdings Corp.)

Valuation of Ships. The market value Market Value of a Ship or any Fleet Vessel at any date is that shown by a valuation prepared:

Appears in 2 contracts

Samples: Loan Agreement (Costamare Partners LP), Loan Agreement (Costamare Partners LP)

Valuation of Ships. The market value Market Value of a Ship at any date (other than during the Waiver Period) is that shown by a valuation the average of two valuations prepared:

Appears in 1 contract

Samples: Agreement (DryShips Inc.)

Valuation of Ships. The market value Market Value of a Ship at any date is that shown by a valuation prepared:

Appears in 1 contract

Samples: Second Supplemental Agreement (DryShips Inc.)

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

Appears in 1 contract

Samples: Loan Agreement (Quintana Shipping Ltd.)

Valuation of Ships. The market value Market Value of an Original Ship or, as the case may be, a Ship Fleet Vessel at any date is that shown by a valuation prepared:

Appears in 1 contract

Samples: Second Supplemental Agreement (DryShips Inc.)

Valuation of Ships. The market value Market Value of a Ship (or any other Fleet Vessel) at any date is that shown by a one valuation to be prepared:

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Valuation of Ships. The market value Market Value of a Ship or, as the case may be, a Fleet Vessel at any date is that shown by a valuation prepared:

Appears in 1 contract

Samples: First Supplemental Agreement (DryShips Inc.)

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

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

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