Third Valuation definition

Third Valuation shall have the meaning assigned to such term in Section 5.16.

Third Valuation is defined in Exhibit E of this Lease.

Third Valuation has the meaning as set forth in Section 11.5.

Examples of Third Valuation in a sentence

• Subject to the Third Valuation being made available within five (5) Business Days of the date of the Second Valuation, the valuation of the Vessel will be determined on the basis of the average of the three valuations so obtained.

• If the Third Valuation is not made available within the aforementioned time limit, the Vessel shall be valued on the basis of the average of the First Valuation and the Second Valuation.

• If the Third Valuation is not made available within the aforementioned time limit the Vessel shall be valued on the basis of the average of the First Valuation and the Second Valuation.

• The average value of any First Valuation, Second Valuation (to the extent obtained as provided above) and Third Valuation (to the extent obtained as provided above) of any Mortgaged Vessel shall constitute the Valuation of such Mortgaged Vessel for all purposes under the Loan Documents until any subsequent Valuation of such Mortgaged Vessel is obtained in accordance with this Section 5.16.

• Subject to the Third Valuation being made available within five (5) Business Days of the date of the Second Valuation the valuation of the Vessel will be determined on the basis of the average of the three valuations so obtained.

More Definitions of Third Valuation

Third Valuation shall have the meaning set forth in Section 6.18(h)(i)(C).

Third Valuation shall have the meaning set forth in Section 4.5(a) of this Agreement.

Third Valuation has the meaning given in Section 4.22(b).

Third Valuation shall have the meaning set froth in Section 4.2(a)(ii).

Third Valuation is defined in Exhibit F of this Lease.

Third Valuation has the meaning assigned to such term in Exhibit F.

Third Valuation. Section 7.1(b)(iv)