Approved Valuer definition

Approved Valuer means a firm of valuers recognized as such by the Income Tax Department and having experience of valuing at least 5 (five) properties exceeding Rs. 100 cr. (Rupees one hundred crore) each in value;

Approved Valuer means, in relation to a Ship, at any time during the Security Period, any of the firms listed in Schedule 8 (List of Approved Valuers) or any other firm or firms of shipbrokers approved in writing by the Facility Agent acting with the authorisation of the Majority Lenders.

Approved Valuer means a valuer as approved by the Board of Directors or Board of Trustees of the secured

Examples of Approved Valuer in a sentence

• Valuations shall be provided by Approved Valuers in dollars or, if an Approved Valuer is of the view that the relevant type of vessel is generally bought and sold in another currency, in that other currency.

• The Agent shall respond promptly to any request by the Borrowers, and the Borrowers shall respond promptly to any request by the Agent, for approval of a broker nominated by the Borrowers or, as the case may be, the Agent to become an Approved Valuer.

• Two valuations (dated not more than 21 days before the Utilisation Date) of all the Existing Ships, one prepared by Fearnleys or Poten & Partners and one prepared by another Approved Valuer, made on the basis of, and in accordance with clause 25 (Minimum security value), in each case made at the cost and expense of the Borrowers showing the Borrowers are in compliance with clause 25.12.

• The Agent may, acting reasonably, at any time by notice to the Borrowers withdraw any Approved Valuer or previous approval of a valuer for the purposes of future valuations.

• Two valuations (dated not more than 21 days before the Utilisation Date) of the Ship Navigator Aurora, one prepared by Fearnleys or Poten & Partners and one prepared by another Approved Valuer, made on the basis of, and in accordance with clause 25 (Minimum security value), in each case made at the cost and expense of the Borrowers showing the Borrowers are in compliance with clause 25.12.

More Definitions of Approved Valuer

Approved Valuer means Clarksons Valuations Limited, Braemar ACM Valuations Limited, Sxxxxxx Xxxxxx & Yxxxx Valuations Services Ltd, Arrow Research Limited, Fearnleys Shipbrokers A/S (or any Affiliate of such person through which valuations are commonly issued) and any other firm or firms of independent sale and purchase shipbrokers approved in writing by the Facility Agent, acting with the authorisation of the Majority Lenders.

Approved Valuer means each of Clarkson Valuations Limited, Fearnleys AS and Simpson Spence Young or any other independent sale and purchase broker approved in writing between the Charterers, the Owners and the Mortgagee;

Approved Valuer means a person for the time being approved by the Trustee as qualified to value any particular Investment constituting part of the Deposited Property and appointed by the Managers for such purpose.

Approved Valuer means a valuer licensed under the Valuers Act (Cap. 532) or a licensed auctioneer, but excludes an auctioneer levying distress or any person acting on his behalf;

Approved Valuer means Arrow Sale and Purchase (UK) Limited, Braemar Seascope Shipping Limited, Xxxxxxx Xxxxxx Xxxxx Ltd, Fearnleys AS, Clarkson Securities AS, Maersk Broker K/S, Xxxx Xxxxxxxx, Allied Shipbroking, Xxxxx Xxxxxxxx Xxxxxx and VesselsValue (or any Affiliate of such person through which valuations are commonly issued) and any other firm or firms of independent sale and purchase shipbrokers approved in writing by the Facility Agent, acting with the authorisation of the Majority Lenders.

Approved Valuer means any of Braemar ACM Shipbroking, Fearnleys Shipping AS, Xxxxxxxxx & Stemoco AS, Clarksons Platou, Xxxxxxx Xxxxxx & Xxxxx Shipbrokers Ltd (SSY), VesselsValue Ltd, Arrow Valuations Ltd., Compass Maritime Services, LLC, Xxxxx Xxxxxxxx and Salles (BRS), Golden Destiny S.A., Galbraiths Limited Shipbrokers, Xxxx Xxxxxxxx, Maersk Brokers or such other international independent and reputable ship sale and purchase shipbroker as may from time to time be appointed by the Owners acting reasonably;

Approved Valuer means in respect of a Division any person who is independent of the Trustee, experienced in relation to the valuation of Assets of the kind required to be valued, licensed or registered as a valuer in those jurisdictions which require it and is appointed, for the time being, by the Trustee to act in relation to the Division under this Deed.