Common use of Payment of valuation expenses Clause in Contracts

Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 20.2, 20.3 and 21.3, the Borrower shall, on demand, pay the Agent the amount of the fees and expenses of any shipbroker or expert instructed by the Agent under this Clause for the purpose of the annual valuation referred to in Clause 15.8, and all legal and other expenses properly incurred by any Creditor Party in connection with any matter arising out of this Clause, provided that such costs shall not exceed one valuation per Ship per calendar year.

Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 20.2, 20.3 and 21.3, the Borrower shall, on demand, pay the Agent the amount of the fees and expenses of any shipbroker or expert instructed by the Agent under this Clause for the purpose of the annual valuation referred to in Clause 15.8, and all legal and other expenses properly incurred by any Creditor Party in connection with any matter arising out of this Clause. Provided that as long as no Event of Default shall have occurred, provided that such costs the Borrower shall not exceed one valuation per be obliged to pay any such fees and expenses in respect of more than two valuations of the Ship per in any calendar year.

Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 20.2, 20.3 and 21.3, the Borrower shall, on demand, pay the Agent the amount of the reasonable fees and expenses of any shipbroker or expert instructed by the Agent under this Clause for the purpose of the annual valuation referred to in Clause 15.8, and all legal and other expenses properly reasonably incurred by any Creditor Party in connection with any matter arising out of this Clause, provided Clause Provided that if no Event of Default shall have occurred and be continuing the Borrower shall only be obliged to pay any such costs shall not exceed fees and expenses in respect of one valuation per set of valuations for each Ship per in each calendar year.

Payment of valuation expenses. Without prejudice to the generality of the Borrower’s obligations under Clauses 20.219.2, 20.3 19.3 and 21.320.3, the Borrower shall, on demand, pay the Agent the amount of the fees and expenses of any shipbroker or expert instructed by the Agent under this Clause for the purpose of the annual valuation referred to in Clause 15.8, and all legal and other expenses properly incurred by any Creditor Party in connection with any matter arising out of this Clause. Provided that as long as no Event of Default shall have occurred, provided that such costs the Borrower shall not exceed one valuation per be obliged to pay any such fees and expenses in respect of more than two valuations of the Ship per in any calendar year.