Common use of Value of security Clause in Contracts

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. Valuations obtained (not more than 30 days before the first relevant Utilisation Date) in accordance with clause 23 (Minimum security value) showing that the Security Value of the Ships will be not be less than the Minimum Value upon execution of the Utilisation Date.Security Documents specified in paragraph 2 (Security) of Part 3 of this Schedule. 8 Construction matters

Value of security. Valuations obtained (not more than 30 days before the first relevant Utilisation Date) in accordance with clause 23 24 (Minimum security value) showing that the Security Value (relative to the Ship) will be not less than 120% of the Ships will not be less than Available Facility upon execution of the Minimum Value upon the Utilisation DateSecurity Documents specified in paragraph 2 (Security) of this Part of this Schedule.