Valuations procedure Sample Clauses

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.
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Valuations procedure. The value of any Mortgaged Ship and each Ship before its Delivery shall be determined in accordance with, and by valuers approved and appointed in accordance with, this clause 25. Additional security provided under this clause 25 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).
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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
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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.
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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.
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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
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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.
Sample 1
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Related to Valuations procedure

  • Procedure for Offer Landlord shall notify Tenant (the “First Offer Notice”) from time to time when Landlord determines that Landlord shall commence the marketing of any First Offer Space because such space shall become available for lease to third parties, where no holder of a Superior Right desires to lease such space. The First Offer Notice shall describe the space so offered to Tenant and shall set forth Landlord’s proposed material economic terms and conditions applicable to Tenant’s lease of such space (collectively, the “Economic Terms”), including the proposed term of lease and the proposed rent payable for the First Offer Space. Notwithstanding the foregoing, Landlord’s obligation to deliver the First Offer Notice shall not apply during the last nine (9) months of the initial Term unless Tenant has delivered an Exercise Notice pursuant to Section 2.3.3 above. Notwithstanding the foregoing, since the First Offer Space is currently vacant and available for Lease, until such time as the First Offer Space is first leased to a third party subsequent to the date of this Lease, in lieu of the foregoing, Landlord shall send Tenant a First Offer Notice if Landlord intends to negotiate to lease any portion of the First Offer Space to a third party.

  • Review Procedure If the Plan Administrator denies part or all of the claim, the claimant shall have the opportunity for a full and fair review by the Plan Administrator of the denial, as follows:

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