VALUATION OF ASSETS. For the purpose of the Finance Documents, the value at any time of any Ship or any other asset over which additional security is provided under this clause 23 will be its value as most recently determined in accordance with this clause 23.
Appears in 3 contracts
Samples: Facilities Agreement (GasLog Partners LP), Facilities Agreement (GasLog Ltd.), Facilities Agreement (GasLog Partners LP)
VALUATION OF ASSETS. For the purpose of the Finance Documents, the value at any time of any Mortgaged Ship or any other asset over which additional security is provided under this clause 23 25 will be its value as most recently determined in accordance with this clause 2325.
Appears in 3 contracts
Samples: Facility Agreement (Navigator Holdings Ltd.), Navigator Holdings Ltd., Navigator Holdings Ltd.
VALUATION OF ASSETS. For the purpose of the Finance Documents, the value at any time of any Mortgaged Ship or any other asset over which additional security is provided under this clause 23 26 will be its value as most recently determined in accordance with this clause 2326.
Appears in 3 contracts
Samples: Facility Agreement (Navigator Holdings Ltd.), Navigator Holdings Ltd., Navigator Holdings Ltd.
VALUATION OF ASSETS. 25.1 For the purpose of the Finance Documents, the value at any time of any Mortgaged Ship or any other asset over which additional security is provided under this clause 23 25 will be its value as most recently determined in accordance with this clause 23.25. Valuation frequency
Appears in 2 contracts
Samples: Facility Agreement (Hafnia LTD), Facility Agreement (Hafnia LTD)
VALUATION OF ASSETS. For the purpose of the Finance Documents, the value at any time of any the Ship or any other asset over which additional security is provided under this clause 23 will be its value as most recently determined in accordance with this clause 2324.
Appears in 2 contracts
Samples: Agreement (Teekay Tankers Ltd.), Agreement (Teekay Tankers Ltd.)
VALUATION OF ASSETS. 25.1 For the purpose of the Finance Documents, the value at any time of any Mortgaged Ship or any other asset over which additional security is provided under this clause 23 25 will be its value as most recently determined in accordance with this clause 23.25 or, in respect of any Utilisation applicable to a Ship, its value as determined by the valuations provided pursuant to clause 4 (Conditions of Utilisation) and otherwise in accordance with this clause 25. Valuation frequency
Appears in 2 contracts
Samples: Agreement (Hafnia LTD), Agreement (Hafnia LTD)
VALUATION OF ASSETS. For the purpose of the Finance Documents, the value at any time of any Mortgaged Ship or a Ship before its Delivery, or any other asset over which additional security is provided under this clause 23 25 will be its value as most recently determined in accordance with this clause 2325.
Appears in 1 contract
VALUATION OF ASSETS. For the purpose of the Finance Documents, the value at any time of any the Ship or any other asset over which additional security is provided under this clause 23 will be its value as most recently determined in accordance with this clause 23.
Appears in 1 contract
Samples: Facility Agreement (GasLog Ltd.)
VALUATION OF ASSETS. For the purpose of the Finance Documents, the value at any time of any Mortgaged Ship or a Ship before the Utilisation, or any other asset over which additional security is provided under this clause 23 25 will be its value as most recently determined in accordance with this clause 2325.
Appears in 1 contract
Samples: DryShips Inc.
VALUATION OF ASSETS. 25.1 For the purpose of the Finance Documents, the value at any time of any Mortgaged Ship or any other asset over which additional security is provided under this clause 23 25 will be its value as most recently determined in accordance with this clause 23.25 or, in respect of the first Utilisation, its value as determined by the valuations provided pursuant to clause 4 (Conditions of Utilisation) and otherwise in accordance with this clause 25. Valuation frequency
Appears in 1 contract
Samples: Facility Agreement (Hafnia LTD)
VALUATION OF ASSETS. For the purpose of the Finance Documents, the value Market Value at any time of any Ship or the value of any other asset over which additional security is provided under this clause 23 26 will be its value as most recently determined in accordance with this clause 2326.
Appears in 1 contract
Samples: Agreement (Danaos Corp)