Approved Broker definition

Approved Broker means any of the companies listed on Schedule 7 or such other company proposed by the Borrowers which the Agent may, with the consent of the Majority Lenders (such consent not to be unreasonably withheld), approve from time to time for the purpose of valuing a Ship, who shall act as an expert and not as arbitrator and whose valuation shall be conclusive and binding on all parties to this Agreement;

Approved Broker means a Firm-approved third-party broker for Employee Securities Accounts.

Approved Broker means each of Arrow Research Ltd. of London, England, Astrup Fearnley A/S of Oslo, Norway, X. Xxxxxxxx & Company Ltd. of London, England, Maersk Broker K/S of Copenhagen, Denmark, Xxxxxxx Xxxxxx & Young Ltd. of London, England, X.X. Xxxxxx Shipbrokers of Oslo, Norway and Xxxxx Xxxxxxxx Salles of Paris, France and includes their respective successors in title and “Approved Brokers” means any or all of them;

Examples of Approved Broker in a sentence

• In that case the Market Value of the Mortgaged Ship shall be the arithmetic mean of the two valuations issued provided that if the Borrower does not elect to appoint an Approved Broker within 14 days after the Lender’s request to receive a valuation of a Mortgaged Ship, the Market Value of that Mortgaged Ship shall be that shown in the sole valuation obtained by the Lender in accordance with paragraph (a) above.

• In that case the Market Value of the Mortgaged Ship shall be the arithmetic mean of the two valuations issued provided that if the Borrower does not elect to appoint an Approved Broker within 14 days after the Lender's request to receive a valuation of a Mortgaged Ship, the Market Value of that Mortgaged Ship shall be that shown in the sole valuation obtained by the Lender in accordance with paragraph (a) above.

More Definitions of Approved Broker

Approved Broker means each of Arrow Valuations Ltd, Xxxxx Xxxxxxxx Salles, X. Xxxxxxxx & Co. Ltd., Maersk Brokers K/S and Xxxx Xxxxxxxx & Co Ltd London and, in the plural, means all of them;

Approved Broker means one or more securities brokerage or financial services firms designated by Parent from time to time.

Approved Broker means a Firm-approved third-party broker for Personal Securities Accounts.

Approved Broker. Means one or more securities brokerage firms designated by the Secretary of the Company from time to time.

Approved Broker means any reputable insurance broker of recognized responsibility and standing experienced in aircraft insurance.

Approved Broker means each of (i) H Clarkson & Co. Ltd. of St Magnus House, 3 Xxxxx Xxxxxx Xxxxxx, Xxxxxx XX0X 0XX, Xxxxxxx, (ii) Arrow Research Ltd. of Xxxxxxx Xxxxx, Xxxxxxx Xxxxxxx, Xxxxxx XX00 0XX, Xxxxxxx and (iii) Fearnleys AS of Grev Wedels Xxxxx 9, X.X.Xxx 0000 Xxxxxxx, Xxxx X-0000 Xxxxxx or such other reputable, independent and first class firm of shipbrokers specialising in the valuation of vessels of the relevant type appointed by the Bank and agreed with the Borrowers;

Approved Broker means Brax Shipping AS; Bxxxx Xxxxxxxx Sxxxxx X.X., Paris; Clarksons, London; Rocca & Partners S.R.L., Genova; Fearnsale, a division of Astrup Fearnley AS, Oslo; any affiliate of the foregoing; or any other independent sale and purchase ship brokerage firm nominated by the Company and approved by the Administrative Agent (such approval not to be withheld unreasonably).