Common use of Vessel Appraisals Clause in Contracts

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

Appears in 1 contract

Samples: Credit Agreement (International Shipholding Corp)

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

Appears in 1 contract

Samples: Credit Agreement (International Shipholding Corp)

Vessel Appraisals. The the Administrative Agent shall have received appraisals, in form and substance satisfactory to the Administrative Agent, as to of the Fair Market Value of each of the Second Vessel.Vessels which together with the Security Deposit described in Section 2(g) above reflects an amount to be not less than the Required Percentage of the Facility;

Appears in 1 contract

Samples: Credit Facility Agreement (K-Sea Transportation Partners Lp)

Vessel Appraisals. The the Administrative Agent shall have received appraisals, in form and substance satisfactory to the Administrative Agent, as to of the Fair Market Value of each of the Second Vessel.Vessels showing the Fair Market Value of each of the Vessels to be not less than the Required Percentage of the Facility;

Appears in 1 contract

Samples: Credit Facility Agreement (K-Sea Transportation Partners Lp)

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Vessel Appraisals. The the Administrative Agent shall have received appraisals, in form and substance satisfactory to the Administrative AgentAgents, as to of the Fair Market Value of each First Vessel showing the Second Vessel.aggregate Fair Market Value of the First Vessels to be not less than one hundred percent (100%) of the Loan;

Appears in 1 contract

Samples: Loan Agreement (Omi Corp/M I)

Vessel Appraisals. The the Administrative Agent shall have received appraisals, in form and substance satisfactory to the Administrative AgentAgents, as to of the Fair Market Value of each Vessel showing the Second Vessel.aggregate Fair Market Value of the Vessels to be not less than one hundred fifteen percent (115%) of the Loan;

Appears in 1 contract

Samples: Loan Agreement (Omi Corp/M I)

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