Value of security. The value of security required for the purposes of this clause 10 is the Distributor's reasonable estimate of the Distribution Services charges that the Trader will be required to pay to the Distributor in respect of any period of not more than 2 weeks, notified in writing by the Distributor to the Trader. If additional security is required in accordance with clause 10.7 ("Additional Security"), the Distributor's notice provided under clause 10.1 must state the amount of the Additional Security.
Value of security. The value of security required for the purposes of this clause 12 is the amount calculated in accordance with clause 12A.4 or 12A.5 (as applicable) of the Code and advised by the Distributor to the Retailer in the Distributor's notice under clause 12.1. If additional security is required in accordance with clause 12A.5 of the Code ("Additional Security"), the Distributor's notice provided under clause 12.1 must state the amount of the Additional Security.
Value of security. The Borrower shall not take any action which could reasonably be expected to have any Material Adverse Effect.
Value of security. The value of security required for the purposes of this clause 12 as at the Commencement Date is the value described in clause 12A.4(5) of the Code, as advised by the Distributor to the Retailer in writing prior to the Commencement Date.
Value of security. The Borrower Party shall not take any action which could reasonably be expected to have any Material Adverse Effect.
Value of security. Valuations obtained (not more than 30 days before the first Utilisation Date) in accordance with clause 23 (Minimum security value) showing that the Security Value of the Ships will not be less than the Minimum Value upon the Utilisation Date.
Value of security. The value of security required for the purposes of this Schedule 6.6.6 is the Distributor's reasonable estimate of the Distribution Services charges that the Retailer will be required to pay to the Distributor in respect of any period of not more than 2 weeks, notified in writing by the Distributor to the Retailer. If additional security is required in accordance with Schedule 6.6.7 ("Additional Security"), the Distributor's notice provided in accordance with Schedule 6.6.1 must state the amount of the Additional Security.
Value of security. The value of security required for the purposes of this Schedule as at the Commencement Date is the value described in clause 12A.4(5) of the Code, as advised by the Distributor to the Network User in writing prior to the Commencement Date.
Value of security. Valuations obtained (not more than 30 days before the relevant Utilisation Date) in accordance with clause 23 (Minimum security value) showing that the Security Value of the Ships will be not less than the Minimum Value upon execution of the Security Documents specified in paragraph 2 (Security) of Part 3 of this Schedule.
(a) Evidence that any authorisations required from any government entity for the export of the Ship by the relevant Builder have been obtained or that no such authorisations are required.
(b) Evidence that the Contract Price of the relevant Ship (as adjusted in accordance with its Building Contract) will have been paid upon the relevant Utilisation being made (with the relevant Owner having provided its equity to the Agent prior to the Utilisation Date) and that the Builder will not have any lien or other right to detain the ship on its Delivery.
(c) The original or a copy, certified by an approved person to be a true and complete copy, of the builder’s certificate and any xxxx of sale conveying title to the relevant Ship to the relevant Owner and the protocol of delivery and acceptance, commercial invoice and any other delivery documentation required under the relevant Building Contract.
