Common use of Vessel Appraisals Clause in Contracts

Vessel Appraisals. The Facility Agent shall have received appraisals, in form and substance satisfactory to the Facility Agent, as to the Fair Market Value of the relevant Vessel.

Appears in 3 contracts

Samples: Senior Secured Loan Facility Agreement (International Shipholding Corp), Senior Secured Loan Facility Agreement (International Shipholding Corp), Senior Secured Term Loan Facility Agreement (International Shipholding Corp)

AutoNDA by SimpleDocs

Vessel Appraisals. The Facility Agent shall have received appraisals, in form and substance satisfactory to the Facility Agent, as to the Fair Market Value of the relevant VesselVessel (to be dated not earlier than one month prior to the Drawdown Date).

Appears in 2 contracts

Samples: Agreement (International Shipholding Corp), Credit Agreement (International Shipholding Corp)

Vessel Appraisals. The Facility Agent shall have received appraisals, in form and substance satisfactory to the Facility Agent, as to the Fair Market Value of the relevant Vessel.

Appears in 2 contracts

Samples: Loan Agreement (International Shipholding Corp), Facility Agreement (International Shipholding Corp)

Vessel Appraisals. The Facility Agent shall have received appraisals, in form and substance satisfactory to the Facility Agent, as to the Fair Market Value of the relevant each Vessel.

Appears in 1 contract

Samples: Credit Agreement (International Shipholding Corp)

Vessel Appraisals. The Facility Agent shall have received appraisals, in form and substance satisfactory to the Facility Agent, as to the Fair Market Value of the relevant each Vessel.

Appears in 1 contract

Samples: Credit Agreement (International Shipholding Corp)

AutoNDA by SimpleDocs

Vessel Appraisals. The Facility Agent shall have received appraisals, in form and substance satisfactory to the Facility Agent, as to the Fair Market Value of each of the relevant VesselVessels.

Appears in 1 contract

Samples: Agreement (International Shipholding Corp)

Vessel Appraisals. The Facility Agent shall have received appraisals, in form and substance satisfactory to the Facility Agent, as to the Fair Market Value of the relevant VesselNewbuilding.

Appears in 1 contract

Samples: Senior Secured Term Loan Facility Agreement (International Shipholding Corp)

Vessel Appraisals. The Facility Agent shall have received appraisalsan appraisal of the Fair Market Value of the applicable Vessel from an Approved Broker, in form and substance satisfactory to the Facility Agent, as to the Fair Market Value of the relevant Vessel.;

Appears in 1 contract

Samples: Consent and Agreement (SEACOR Marine Holdings Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.