Valuations binding. Any valuation under paragraph (i) of Clause 14.1, Clauses 14.4, 14.5 or 14.6 shall, in the absence of manifest error, be binding and conclusive as regards the Borrower, as shall be any valuation which the Lender makes of a security which does not consist of or include a Security Interest.
Appears in 3 contracts
Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)
Valuations binding. Any valuation under paragraph (i) of Clause 14.116.1, Clauses 14.416.4, 14.5 16.5 or 14.6 16.6 shall, in the absence of manifest error, be binding and conclusive as regards the Borrower, as shall be any valuation which the Lender makes Majority Lenders make of a security which does not consist of or include a Security Interest.
Appears in 2 contracts
Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)
Valuations binding. Any valuation under paragraph (i) of Clause 14.114.1(a), Clauses 14.4, 14.4 or 14.5 or 14.6 shall, in the absence of manifest error, be binding and conclusive as regards the Borrower, as shall be any valuation which the Lender makes of a security which does not consist of or include a Security Interest.
Appears in 2 contracts
Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)
Valuations binding. Any valuation under paragraph (i) of Clause 14.115.1, Clauses 14.415.3, 14.5 15.4 or 14.6 15.5 shall, in the absence of manifest error, be binding and conclusive as regards the Borrower, as shall be any valuation which the Lender makes Majority Lenders make of a security which does not consist of or include a Security Interest.
Appears in 1 contract
Samples: Loan Agreement (Danaos Corp)
Valuations binding. Any valuation under paragraph (i) of Clause 14.115.1, Clauses 14.415.4, 14.5 15.5 or 14.6 15.6 shall, in the absence of manifest error, be binding and conclusive as regards the Borrower, as shall be any valuation which the Lender makes Majority Lenders make of a security which does not consist of or include a Security Interest.
Appears in 1 contract
Samples: Loan Agreement (Danaos Corp)
Valuations binding. Any valuation under paragraph (i) of Clause 14.1, Clauses 14.414.2, 14.5 or 14.6 shall, in the absence of shall (absent manifest error, ) be binding and conclusive as regards the BorrowerBorrowers, as shall be any valuation which the Lender makes of a any additional security which does not consist of or include a Security Interest.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
Valuations binding. Any valuation under paragraph (i) of Clause 14.115.1(i), Clauses 14.4, 14.5 15.4 or 14.6 15.5 shall, in the absence of manifest error, be binding and conclusive as regards the Borrower, as shall be any valuation which the Lender makes make of a security which does not consist of or include a Security Interest.
Appears in 1 contract
