Common use of Valuations Clause in Contracts

Valuations. Each of the Relevant Ships shall, for the purposes of this clause 7, be valued in Dollars as and when the Mortgagee shall require. Each such valuation of a Relevant Ship shall be made by an independent firm of shipbrokers appointed by the Mortgagee. Such valuation shall be made without, unless required by the Mortgagee, physical inspection, and on the basis of a sale for prompt delivery for cash at arm's length, on normal commercial terms as between a willing buyer and a willing seller and without taking into account the benefit of any charterparty or other employment of such Relevant Ship. The value of each of the Relevant Ships determined in accordance with the provisions of this clause 7.3 shall be binding upon the parties hereto for the purposes of calculating the Total Market Value Adjusted Assets until such time as any further such valuations shall be obtained.

Valuations. Each of the Relevant Ships shall, for the purposes of this clause 7paragraph [10], be valued in United States Dollars as and when the Mortgagee Beneficiary shall require. Each such valuation of a Relevant Ship shall be made by an independent firm of shipbrokers appointed by the MortgageeBeneficiary. Such valuation shall be made without, unless required by the MortgageeBeneficiary, physical inspection, and on the basis of a sale for prompt delivery for cash at arm's length, on normal commercial terms as between a willing buyer and a willing seller and without taking into account the benefit of any charterparty or other employment of such Relevant Ship. The value of each of the Relevant Ships determined in accordance with the provisions of this clause 7.3 paragraph 10.3 shall be binding upon the parties hereto for the purposes of calculating the Total Market Value Adjusted Assets until such time as any further such valuations shall be obtained.

Valuations. Each of the Relevant Ships shall, for the purposes of this clause 7paragraph 10, be valued in United States Dollars as and when the Mortgagee Beneficiary shall require. Each such valuation of a Relevant Ship shall be made by an independent firm of shipbrokers appointed by the MortgageeBeneficiary. Such valuation shall be made without, unless required by the MortgageeBeneficiary, physical inspection, and on the basis of a sale for prompt delivery for cash at arm's length, on normal commercial terms as between a willing buyer and a willing seller and without taking into account the benefit of any charterparty or other employment of such Relevant Ship. The value of each of the Relevant Ships determined in accordance with the provisions of this clause 7.3 paragraph 10.3 shall be binding upon the parties hereto for the purposes of calculating the Total Market Value Adjusted Assets until such time as any further such valuations shall be obtained.

Valuations. Each of the Relevant Ships shall, for the purposes of this clause 7paragraph 10, be valued in United States Dollars as and when the Mortgagee Beneficiary shall require. Each such valuation of a Relevant Ship shall be made by an independent firm of shipbrokers appointed by the MortgageeBeneficiary. Such valuation shall be made without, unless required by the MortgageeBeneficiary, physical inspection, and on the basis of a sale for prompt delivery for cash at arm's length, on normal commercial terms as between a willing buyer and a willing wiling seller and without taking into account the benefit of any charterparty or other employment of such Relevant Ship. The value of each of the Relevant Ships determined in accordance with the provisions of this clause 7.3 paragraph 10.3 shall be binding upon the parties hereto for the purposes of calculating the Total Market Value Adjusted Assets until such time as any further such valuations shall be obtained.

Valuations. Each of the Relevant Ships shall, for the purposes of this clause 7, paragraph [101 be valued in United States Dollars as and when the Mortgagee Beneficiary shall require. Each such valuation of a Relevant Ship shall be made by an independent firm of shipbrokers appointed by the MortgageeBeneficiary. Such valuation shall be made without, unless required by the MortgageeBeneficiary, physical inspection, and on the basis of a sale for prompt delivery for cash at arm's length, on normal commercial terms as between a willing buyer and a willing seller and without taking into account the benefit of any charterparty or other employment of such Relevant Ship. The value of each of the Relevant Ships determined in accordance with the provisions of this clause 7.3 paragraph 10.3 shall be binding upon the parties hereto for the purposes of calculating the Total Market Value Adjusted Assets until such time as any further such valuations shall be obtained.