Common use of Valuation frequency Clause in Contracts

Valuation frequency. Valuation of each Mortgaged Ship or each Ship before the Utilisation and each such other asset in accordance with this clause 25 may be required by the Agent at any time (but in any event not less frequently than twice per calendar year).

Valuation frequency. Valuation of each Mortgaged Ship or each Ship before the Utilisation its Delivery and each such other asset in accordance with this clause 25 may be required by the Agent at any time (but in any event not less frequently than twice per calendar year).