Common use of VALUATION OF THE PROPERTY Clause in Contracts

VALUATION OF THE PROPERTY. The Chargor hereby authorises the Chargee to value the Property annually or at such intervals as the Chargee shall in its discretion decide by any valuer or any officer of the Chargee or any person of the Chargee's choice at the Chargee's cost and expense and in the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Chargee shall have the discretion to require the Chargor wi thin fourteen (14) days from the date of the notice from the Chargee to charge, pledge, mortgage or deposit with the Chargee the Chargor's stocks and shares, assets, movable property and/ or the issue document of title, if any, of all immovable properties v ested in the Chargor of such value as the Chargee may from time to time require or for such tenure as the Chargee so requires by way of further and additional security for the payment of the Indebtedness fo r the time being under this Charge. If the forced sale value of the Property has in the opinion of the Chargee fallen to the extent that the limit of the Facility and the Chargee's profit margin shall be exceeded and the Customer shall fail upon request to provide further and additional security as requir ed by the Chargee to restore or maintain the limit of the Facility and such profit margin, the Chargee shall be entitled at its discretion to demand and require the Customer to make immediate payment of such amount and in such manner as may be necessary to reduce the aggregate of the Customer's Indebtedness to levels in maintenance of the limit of the Facility and profit margin the reto and failure by the Customer to do so shall be deemed (with or without notice on the Chargee's part) to be an Event of Defa ult.

VALUATION OF THE PROPERTY. The Chargor hereby authorises the Chargee to value the Property annually or at such intervals as the Chargee shall in its discretion decide by any valuer or any officer of the Chargee or any person of the Chargee's choice at the t he Chargee's ’s cost and expense and in the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Chargee shall have the discretion to require the Chargor wi thin within fourteen (14) days from the date of the t he notice from the Chargee to charge, pledge, mortgage or deposit with the Chargee the Chargor's stocks and shares, assets, movable property and/ or the issue document of title, if any, of all immovable properties v ested ves xxx in the Chargor of such value as the Chargee may from time to time require or for such tenure as the Chargee so requires by way of further and additional security for the payment of the Indebtedness fo r total amount owing for the time being under this ChargeCharge and the Property Sale Agreement. If the forced sale value of the Property Prop erty has in the opinion of the Chargee fallen to the extent that the limit aggregate of the Facility Indebtedness shall be excee ded and the Chargee's profit margin shall be exceeded and the Customer Chargor shall fail upon request to provide further and additional security as requir ed required by the th e Chargee to restore or maintain the limit aggreg ate of the Facility and such profit marginIndebtedness, the Chargee shall be entitled at its discretion to demand and require the Customer Chargor to make immediate payment of such amount and in such manner as may be necessary to reduce the aggregate of the CustomerChargor's Indebtedness to levels in maintenance of the limit of the Facility and profit margin the reto and failure by the Customer Chargor to do so shall be deemed (with or without notice on the Chargee's part) to be an Event of Defa ulto f Default.

VALUATION OF THE PROPERTY. The Chargor hereby Assignor authorises the Chargee Bank to value the Property annually in situations where the Customer and/or the Assignor is in default or at such intervals upon the occurrence of an event which in the Bank’s reasonable opinion would reduce the value of the Property and affect the security given to the Bank as security for the Chargee shall in its discretion decide Facility. The valuation may be conducted by any valuer or any officer of the Chargee Bank or any person of the ChargeeBank's choice at the ChargeeAssignor's cost and expense and in expense. In the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Chargee Bank shall have the discretion to require the Chargor wi thin Assignor within fourteen (14) days from the date of the notice from the Chargee Bank to charge, pledge, mortgage or deposit with the Chargee Bank the ChargorAssignor's stocks stock and shares, assets, movable property and/ or and/or the issue document documents of title, if any, of all immovable properties v ested vested in the Chargor Assignor of such value as the Chargee may Bank from time to time require or for such tenure as the Chargee Bank so requires by way of further and additional security for the payment of the Indebtedness fo r for the time being under this ChargeAssignment. If the forced sale value of the Property has in the opinion of the Chargee Bank fallen to the extent that the limit of the Facility and the ChargeeBank's profit margin shall be exceeded and the Customer Assignor shall fail upon request to provide further and additional security as requir ed required by the Chargee Bank to restore or maintain the limit of the Facility and such profit margin, the Chargee Bank shall be entitled at its discretion to demand and require the Customer Assignor to make immediate payment of such amount and in such manner as may be necessary to reduce the aggregate of the Customer's Indebtedness to levels in maintenance of the limit of the Facility and profit margin the reto thereto and failure by the Customer Assignor to do so shall be deemed (with or without notice on the ChargeeBank's part) to be an Event of Defa ultDefault.

VALUATION OF THE PROPERTY. The Chargor hereby authorises the Chargee to value the Property annually or at such intervals as the Chargee shall in its discretion decide by any valuer or any officer of the Chargee or any person of the Chargee's choice at the Chargee's ’s cost and expense and in the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Chargee shall have the discretion to require the Chargor wi thin within fourteen (14) days from the date of the notice from the Chargee to charge, pledge, mortgage or deposit with the Chargee the Chargor's stocks and shares, assets, movable property and/ or and/or the issue document of title, if any, of all immovable properties v ested vested in the Chargor of such value as the Chargee may from time to time require or for such tenure as the Chargee so requires by way of further and additional security for the payment of the Indebtedness fo r total amount owing for the time being under this ChargeCharge and the Property Sale Agreement. If the forced sale value of the Property has in the opinion of the Chargee fallen to the extent that the limit aggregate of the Facility and the Chargee's profit margin Indebtedness shall be exceeded and the Customer Chargor shall fail upon request to provide further and additional security as requir ed required by the Chargee to restore or maintain the limit aggregate of the Facility and such profit marginIndebtedness, the Chargee shall be entitled at its discretion to demand and require the Customer Chargor to make immediate payment of such amount and in such manner as may be necessary to reduce the aggregate of the CustomerChargor's Indebtedness to levels in maintenance of the limit of the Facility and profit margin the reto and failure by the Customer Chargor to do so shall be deemed (with or without notice on the Chargee's part) to be an Event of Defa ultDefault.

VALUATION OF THE PROPERTY. (a) The Chargor hereby authorises the Chargee to value the Property annually or at such intervals as the Chargee shall in its absolute discretion decide by any valuer or any officer of the Chargee or any person of the Chargee's choice at the ChargeeChargor's sole cost and expense and in the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Chargee shall have the absolute discretion to require the Chargor wi thin within fourteen (14) days from the date of the notice from the Chargee to charge, pledge, mortgage or deposit with the Chargee the Chargor's stocks and shares, assets, movable property and/ or and/or the issue document of title, if any, of all immovable properties v ested vested in the Chargor of such value as the Chargee may from time to time require or for such tenure as the Chargee so requires by way of further and additional security for the payment of the Indebtedness fo r total amount owing for the time being under this Charge. Charge and the Master Facility Agreement. (b) If the forced sale value of the Property has in the opinion of the Chargee fallen (whose opinion shall not be questioned on any account whatsoever) to the extent that the limit aggregate of the Facility and the Chargee's profit margin Secured Amounts shall be exceeded and the Customer Chargor shall fail upon request to provide further and additional security as requir ed required by the Chargee to restore or maintain the limit aggregate of the Facility and such profit marginSecured Amounts, the Chargee shall be entitled at its absolute discretion to demand and require the Customer Chargor to make immediate payment of such amount and in such manner as may be necessary to reduce the aggregate of the Customer's Indebtedness to levels in maintenance of the limit of the Facility and profit margin the reto Secured Amounts and failure by the Customer Chargor to do so shall be deemed (with or without notice on the Chargee's part) to be an Event of Defa ultDefault.

VALUATION OF THE PROPERTY. The Chargor hereby authorises the Chargee to value the Property annually or at such intervals as the Chargee shall in its discretion decide by any valuer or any officer of the Chargee or any person of the Chargee's choice at the Chargee's cost and expense and in the event such valuation reveals that the forced sale value of the Property Property: (a) is lower than that at the date hereof the Chargee shall have the discretion to require the Chargor wi thin within fourteen (14) days from the date of the notice from the Chargee to charge, pledge, mortgage or deposit with the Chargee the Chargor's stocks and shares, assets, movable property and/ or and/or the issue document of title, if any, of all immovable properties v ested vested in the Chargor of such value as the Chargee may from time to time require or for such tenure as the Chargee so requires by way of further and additional security for the payment of the Indebtedness fo r the time being under this Charge. If the forced sale value of the Property has . (b) in the opinion of the Chargee fallen to the extent that the limit of amount payable under the Facility Security Documents is higher and the Chargee's profit margin shall be exceeded and the Customer Chargor shall fail upon request to provide further and additional security as requir ed required by the Chargee to restore or maintain the limit of the Facility and such profit marginChargee, the Chargee shall be entitled at its discretion to demand and require the Customer Chargor to make immediate payment of such amount and in such manner as may be necessary to reduce the aggregate of the CustomerChargor's Indebtedness to levels in maintenance of as required by the limit of the Facility and profit margin the reto Chargee and failure by the Customer Chargor to do so shall be deemed (with or without notice on the Chargee's part) to be an Event of Defa ultDefault.

VALUATION OF THE PROPERTY. The Chargor hereby authorises the Chargee to value the Property annually or at such intervals as the Chargee shall in its absolute discretion decide by any valuer or any officer of the Chargee or any person of the Chargee's choice at the ChargeeChargor's sole cost and expense and in the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Chargee shall have the absolute discretion to require the Chargor wi thin within fourteen (14) days from the date of the notice from the Chargee to charge, pledge, mortgage or deposit with the Chargee the Chargor's stocks and shares, assets, movable property and/ or and/or the issue document of title, if any, of all immovable properties v ested vested in the Chargor of such value as the Chargee may from time to time require or for such tenure as the Chargee so requires by way of further and additional security for the payment of the Indebtedness fo r for the time being under this Charge. If the forced sale value of the Property has in the opinion of the Chargee fallen (whose opinion shall not be questioned on any account whatsoever) to the extent that the limit of the Facility and the Chargee's profit margin shall be exceeded and the Customer shall fail upon request to provide further and additional security as requir ed required by the Chargee to restore or maintain the limit of the Facility and such profit margin, the Chargee shall be entitled at its absolute discretion to demand and require the Customer to make immediate payment of such amount and in such manner as may be necessary to reduce the aggregate of the Customer's Indebtedness to levels in maintenance of the limit of the Facility and profit margin the reto thereto and failure by the Customer to do so shall be deemed (with or without notice on the Chargee's part) to be an Event of Defa ultDefault.

VALUATION OF THE PROPERTY. The Chargor hereby authorises the Chargee to value the Property annually or at such intervals as the Chargee shall in its discretion decide by any valuer or any officer of the Chargee or any person of the Chargee's choice at the Chargee's cost and expense and in the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Chargee shall have the discretion to require the Chargor wi thin within fourteen (14) days from the date of the notice from the Chargee to charge, pledge, mortgage or deposit with the Chargee the Chargor's stocks and shares, assets, movable property and/ or and/or the issue document of title, if any, of all immovable properties v ested vested in the Chargor of such value as the Chargee may from time to time require or for such tenure as the Chargee so requires by way of further and additional security for the payment of the Indebtedness fo r for the time being under this Charge. If the forced sale value of the Property has in the opinion of the Chargee fallen to the extent that the limit of the Facility and the Chargee's profit margin shall be exceeded and the Customer shall fail upon request to provide further and additional security as requir ed required by the Chargee to restore or maintain the limit of the Facility and such profit margin, the Chargee shall be entitled at its discretion to demand and require the Customer to make immediate payment of such amount and in such manner as may be necessary to reduce the aggregate of the Customer's Indebtedness to levels in maintenance of the limit of the Facility and profit margin the reto thereto and failure by the Customer to do so shall be deemed (with or without notice on the Chargee's part) to be an Event of Defa ultDefault.

VALUATION OF THE PROPERTY. The Chargor hereby authorises the Chargee to value the Property annually or at such intervals as the Chargee shall in its absolute discretion decide by any valuer or any officer of the Chargee or any person of the Chargee's choice at the ChargeeChargor's sole cost and expense and in the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Chargee shall have the absolute discretion to require the Chargor wi thin within fourteen (14) days from the date of the notice from the Chargee to charge, pledge, mortgage or deposit with the Chargee the Chargor's stocks and shares, assets, movable property and/ or and/or the issue document of title, if any, of all immovable properties v ested vested in the Chargor of such value as the Chargee may from time to time require or for such tenure as the Chargee so requires by way of further and additional security for the payment of the Indebtedness fo r total amount owing for the time being under this ChargeCharge and the Property Sale Agreement. If the forced sale value of the Property has in the opinion of the Chargee fallen (whose opinion shall not be questioned on any account whatsoever) to the extent that the limit aggregate of the Facility and the Chargee's profit margin Indebtedness shall be exceeded and the Customer Chargor shall fail upon request to provide further and additional security as requir ed required by the Chargee to restore or maintain the limit aggregate of the Facility and such profit marginIndebtedness, the Chargee shall be entitled at its absolute discretion to demand and require the Customer Chargor to make immediate payment of such amount and in such manner as may be necessary to reduce the aggregate of the CustomerChargor's Indebtedness to levels in maintenance of the limit of the Facility and profit margin the reto and failure by the Customer Chargor to do so shall be deemed (with or without notice on the Chargee's part) to be an Event of Defa ultDefault.