Common use of Frequency of valuation Clause in Contracts

Frequency of valuation. The Borrowers acknowledge and agree that the Lender may commission valuations of each Ship at such times as the Lender shall deem necessary and, in any event, not less than twice during each 12-month period of the Security Period.

Frequency of valuation. The Borrowers acknowledge and agree that the Lender may commission valuations of each Ship at such times as to be furnished together with the Lender shall deem necessary and, in any event, delivery of the audited financial statements and the semi-annual unaudited financial statements respectively not less more than twice during each 12-month period of the Security Period.

Frequency of valuation. The Borrowers acknowledge Borrower acknowledges and agree agrees that the Lender may commission valuations valuation(s) of each the Ship at such times as the Lender shall deem necessary and, in any event, not less than twice once during each 126-month period of the Security Period.

Frequency of valuation. The Borrowers acknowledge and agree that the Lender may commission valuations valuation(s) of each Ship at such times as the Lender shall deem necessary and, in any event, not less than twice once during each 126-month period of the Security Period.

Frequency of valuation. The Borrowers acknowledge and agree that the Lender may commission valuations of each Ship at such times as to be furnished together with the Lender shall deem necessary and, in any event, delivery of the audited financial statements and the semi-annual unaudited financial statements respectively not less more than twice during each 12-12 month period of the Security Period., a valuation of each Ship: