Valuation of Ships. (a) The Market Value of a Mortgaged Ship at any date is that shown by a valuation issued by an Approved Broker selected and appointed by the Agent, such valuation to be addressed to the Agent and prepared:
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Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Castor Maritime Inc.)
Valuation of Ships. (a) The Market Value of a Mortgaged Ship at any date is that shown by a valuation taking the arithmetic means of two valuations to be issued by an 2 Approved Broker selected and Brokers appointed by the Agent, such one of which nominated by the Agent and the other by the Borrowers, each valuation to be addressed to the Agent and prepared:
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Valuation of Ships. (a) The Market Value of a Mortgaged Ship at any date is that shown by a valuation issued by an Approved Broker selected and appointed by the Agent, such valuation to be addressed to the Agent and prepared:: (i) as at a date not more than 30 days previously; (ii) with or without physical inspection of that Ship (as the Agent may require); and
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