Common use of Valuation Report Clause in Contracts

Valuation Report. Each Obligor shall at the reasonable request of the Lender, but in any event once per Financial Year, deliver to the Lender copies of the updated Valuation Reports relating to each Vessel, by a valuer acceptable to the Lender, addressed to the Lender, in a form and substance satisfactory to the Lender, at the costs of the Obligors.