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, of the Fair Market Value of each of the Vessels showing the Fair Market Value of each of the Vessels to be not less than the Required Percentage of the Facility;

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

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

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