Valuations procedure. The value of any Ship shall be determined in accordance with, and by valuers approved and appointed in accordance with, this clause 23. Additional security provided under this clause 23 shall be valued in such a way, on such a basis and by such persons (including the Agent itself) as may be approved.
Valuations procedure. The value of each Mortgaged Ship shall be determined in accordance with, and by Approved Valuers appointed in accordance with, this Clause 24. Additional security provided under this Clause 24 shall be valued in such a way, on such a basis and by such persons (including the Administrative Agent itself) as may be approved or as may be agreed in writing by the Borrower and the Administrative Agent (on the instructions of the Required Lender).
Valuations procedure. The value of any Mortgaged Ship shall be determined in accordance with, and by two Approved Valuers appointed in accordance with, this clause 26. Additional security provided under this clause 26 shall be valued in such a way, on such a basis and by such persons (including the Agent itself) as may be approved by the Majority Lenders or as may be agreed in writing by the Borrowers and the Agent (on the instructions of the Majority Lenders). UK-#395507908-v8
Valuations procedure. The value of the Ship (or the Building Contract up until the date falling two months prior to the Delivery Date of the Building Contract) shall be determined in accordance with, and by valuers approved and appointed in accordance with, this clause 24. Additional security provided under this clause 24 shall be valued in such a way, on such a basis and by such persons (including the Agent itself) as may be approved.
Valuations procedure. 22.21 The value of the Ship shall be determined in accordance with, and by valuers approved and appointed in accordance with, clause 22.25 (Approval of valuers). Currency of valuation
Valuations procedure. The Market Value of any Ship (or any other vessel provided as additional security) shall be its market value determined in accordance with, and by valuers approved and appointed in accordance with, this clause 26. Additional security provided under this clause 26 (other than a vessel) shall be valued in such a way, on such a basis and by such persons (including the Agent itself) as may be approved by the Majority Lenders, or as may be agreed in writing by the Borrower and the Agent (on the instructions of the Majority Lenders) Provided however that if the additional security is in the form of a dollar cash deposit with an approved bank and otherwise in accordance with clause 26.13 (Security shortfall), it is free from any Security Interest and pledged in favour of the Security Agent or, as the case may be, the Finance Parties, full credit shall be given for such cash on a dollar for dollar basis.
Valuations procedure. The Market Value of any Ship (or any other vessel provided as additional security) shall be determined in accordance with, and by valuers approved and appointed in accordance with, this clause 26. Additional security provided under this clause 26 (other than a vessel) shall be valued in such a way, on such a basis and by such persons (including the Lender itself) as may be approved, or as may be agreed in writing by the Borrower and the Lender. Provided however that if the additional security is in the form of a dollar cash deposit with an approved bank and otherwise in accordance with clause 26.13 (Security shortfall), it is free from any Security Interest and pledged in favour of the Lender, full credit shall be given for such cash on a dollar for dollar basis.
