Approved Shipbrokers definition

Approved Shipbrokers means, together, X. Xxxxxxxx and Company Ltd of London, England, Arrow Research Ltd. of London, England, Braemar Seascope of London, England, Xxxxxxx Xxxxxx & Young of London, England, Maersk Brokers of London, England and Xxxx Xxxxxxxx of London, England and any other independent firm of shipbrokers nominated by the Borrowers and approved in writing by the Agent in its absolute discretion from time to time and “Approved Shipbroker” means any of them;

Approved Shipbrokers means X.X. Xxxxxx Shipbrokers A.S, Fearnleys, Xxxxxxxxx & Stemoco, Clarkson, Nordic Shipping and any other shipbroker(s) the Lenders may approve.

Approved Shipbrokers means, together, Arrow Research Ltd., X. Xxxxxxxx & Co. Ltd., SSY Valuation Services Ltd., XX Xxxxxx Shipbrokers A/S, Fearnleys A/S, Braemar Seascope Ltd. and Xxxxxxxxx & Stemoco A/S and includes their respective successors in title and “Approved Shipbroker” means each of them;

Examples of Approved Shipbrokers in a sentence

• This shall be without prejudice to the Agent's right to make any request under this Clause 17.5 should the value of the remaining security (as evidenced by updated valuations from the same two Approved Shipbrokers) subsequently merit it.

• The Agent may, at any time during the Facility Period, test the LTV Coverage by obtaining valuations from any two Approved Shipbrokers appointed by it (in which case the average of the of the vauations shall form the basis for determining the compliance with this Clause) with any such valuations being at the cost of the Agent unless an Event of Default is continuing in which case they shall be at the cost of the Borrowers.

• The Borrower undertakes to the Lender to provide the Lender and any such Approved Shipbrokers such information concerning the Vessel and its condition as such Approved Shipbrokers may reasonably require for the purpose of making any such valuation.

• In the event that the Borrower fails to appoint such Approved Shipbrokers within five (5) days after the Agent’s request to do so or if a broker appointed by the Borrower is not approved by the Agent and the Borrower fails to appoint an alternative broker who is approved by the Agent within such five (5) day period, the Borrower irrevocably authorises the Agent to appoint brokers in its discretion to conduct such valuations, with such brokers to be subsequently considered as Approved Shipbrokers.

• The Borrowers jointly and severally undertake with each Creditor to supply to the Agent and to any such Approved Shipbrokers such information concerning each Mortgaged Ship and its condition as such Approved Shipbroker may require for the purpose of making any such valuation.

More Definitions of Approved Shipbrokers

Approved Shipbrokers means any firms of shipbrokers contained in the list set out in Schedule 7 (Approved List of Shipbrokers), as such list shall be updated or revised from time to time by the Agent in its discretion or any other firm of shipbrokers, at the Agent's discretion and "Approved Shipbroker" means any one of them.

Approved Shipbrokers means Braemar Seascope Ltd, Clarksons, Fearnleys AS or any other independent firm or firms of shipbrokers appointed by the Bank and “Approved Shipbroker” means any of them;

Approved Shipbrokers means each independent, reputable and first class firm of ship brokers acceptable to the Agent in consultation with the Borrowers.

Approved Shipbrokers means any first class independent firm of internationally known shipbrokers, appointed by the Lender at its discretion and “Approved Shipbroker” means any of them;

Approved Shipbrokers means, together, Golden Destiny, Clarksons PLC London, Braemar ACM Shipbroking London and Arrow Sale and Purchase London, Howe Robinson – London, xx xnx xxxxx first class independent firm of internationally known shipbrokers, nominated by the Lender and acceptable to the Borrower, and includes their respective successors in title and “Approved Shipbroker” means any of them;

Approved Shipbrokers means Artic Shipping AS, Clarkson Platou AS, Pareto Shipbrokers AS, Fearnley Offshore AS, Xxxxxx Xxxxxx Shipbrokers AS and such other independent and reputable offshore ship sale and purchase broker as may from time to time be selected by the Company in good faith for the purposes of determining a Vessel’s Appraised Market Value.

Approved Shipbrokers means, together, X. Xxxxxxxx & Co. Ltd. of London, Arrow Sale & Purchase (UK) Limited of London, Braemar Seascope Ltd. of London, Fearnleys A/S of Oslo, XX Xxxxxx Shipbrokers of Oslo, Xxxxxxx Xxxxxx & Xxxxx of London and Maersk Brokers K/S of Copenhagen and includes their respective successors in title and "Approved Shipbroker" means any of them;