Common use of Valuations binding Clause in Contracts

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.

Appears in 39 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Poseidon Containers Holdings Corp.), Agreement (Navios Maritime Containers Inc.)

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Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.

Appears in 27 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Crude Carriers Corp.), Loan Agreement

Valuations binding. Any valuation under Clause 15.214.2, 15.3 14.3 or 15.4 14.4 shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make Lender makes of any additional security which does not consist of or include a Security Interest.

Appears in 14 contracts

Samples: Agreement (TBS International LTD), Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Valuations binding. Any valuation under Clause 15.215.1(i), 15.3 15.4 or 15.4 15.5 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make of any additional a security which does not consist of or include a Security Interest.

Appears in 12 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.

Appears in 10 contracts

Samples: Loan Agreement, Agreement (Dynagas LNG Partners LP), Loan Agreement (Dynagas LNG Partners LP)

Valuations binding. Any valuation under Clause 15.214.2, 15.3 14.3 or 15.4 14.4 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make Lender makes of any additional security which does not consist of or include a Security Interest.

Appears in 7 contracts

Samples: Loan Agreement (TBS International LTD), Loan Agreement (Diana Shipping Inc.), Loan Agreement (Star Bulk Carriers Corp.)

Valuations binding. Any valuation under Clause 15.2, 15.3 15.4 or 15.4 15.5 shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make of any additional a security which does not consist of or include a Security Interest.

Appears in 5 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

Valuations binding. Any valuation under Clause 15.215.1(i), 15.3 15.4 or 15.4 15.5 shall be binding and conclusive as regards the Borrowers, Borrower (save in the case of manifest error) as shall be any valuation which the Majority Lenders make of any additional a security which does not consist of or include a Security Interest.

Appears in 5 contracts

Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)

Valuations binding. Any valuation under Clause 15.214.2, 15.3 14.5 or 15.4 14.6 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make Lender makes of any additional a security which does not consist of or include a Security Interest.

Appears in 4 contracts

Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.)

Valuations binding. Any valuation under Clause 15.215.1(a), 15.3 15.4 or 15.4 15.5 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make of any additional a security which does not consist of or include a Security Interest.

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.), Loan Agreement

Valuations binding. Any valuation under Clause 15.214.2, 15.3 14.3 or 15.4 14.4 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make Lender makes of any additional security which does not consist of or include a Security Interest.

Appears in 4 contracts

Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.), Agreement (Paragon Shipping Inc.)

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 15.5 shall be binding and conclusive as regards the BorrowersBorrowers and the Guarantor, as shall be any valuation which the Majority Lenders make of any additional security Collateral which does not consist of or include a Security Interestvessel.

Appears in 3 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Valuations binding. Any valuation under Clause 15.2, 15.3 15.4 or 15.4 15.5 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make of any additional a security which does not consist of or include a Security Interest.

Appears in 3 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Navios Maritime Containers Inc.), Loan Agreement

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.

Appears in 3 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Holdings Inc.)

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the BorrowersBorrower and the Lenders, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security InterestShip.

Appears in 3 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Valuations binding. Any valuation under Clause 15.214.1(i), 15.3 14.4 or 15.4 14.5 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make Lender makes of any additional a security which does not consist of or include a Security Interest.

Appears in 3 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Omega Navigation Enterprises, Inc.), Loan Agreement (StealthGas Inc.)

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the BorrowersBorrower and the Lenders, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest, it being agreed however that in case of additional security in the form of cash in Dollars, the same will be valued on a Dollar for Dollar basis.

Appears in 3 contracts

Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.)

Valuations binding. Any valuation under Clause 15.215.2 (Provision of additional security; prepayment), 15.3 15.4 (Valuation of Ship) or 15.4 15.5 (Value of additional security) shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make of any additional a security which does not consist of or include a Security Interest.

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

Valuations binding. Any valuation under Clause 15.215.1, 15.3 15.4 or 15.4 15.5 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make of any additional a security which does not consist of or include a Security Interest.

Appears in 2 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the BorrowersBorrower and the Guarantors, as shall be any valuation which the Majority Lenders make of any additional security Collateral which does not consist of or include a Security Interest.

Appears in 2 contracts

Samples: Second Lien Loan Agreement (Eagle Bulk Shipping Inc.), Loan Agreement (Eagle Bulk Shipping Inc.)

Valuations binding. Any valuation under Clause 15.2, 15.3 15.4 or 15.4 15.5 shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Valuations binding. Any valuation under Clause 15.22 (b), 15.2 or 15.3 or 15.4 shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make Lender makes of any additional security which does not consist of or include a Security Interest.

Appears in 2 contracts

Samples: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the BorrowersBorrower and the Lenders, as shall be any valuation which the Majority Lenders make Agent makes of any additional security which does not consist of or include a Security Interest.

Appears in 2 contracts

Samples: Credit Agreement (Scorpio Bulkers Inc.), Credit Agreement (Scorpio Bulkers Inc.)

Valuations binding. Any valuation under Clause 15.2, 15.3 15.2 or 15.4 shall be binding and conclusive as regards the BorrowersBorrowers and the Creditor Parties, as shall be any valuation which the Majority Lenders make Agent reasonably makes of any additional security which does not consist of or include a Security Interestsecurity.

Appears in 2 contracts

Samples: Loan Agreement (Costamare Partners LP), Loan Agreement (Costamare Partners LP)

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the BorrowersBorrowers and the Guarantors, as shall be any valuation which the Majority Lenders make of any additional security Collateral which does not consist of or include a Security Interest.

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Quartet Holdco Ltd.)

Valuations binding. Any valuation valuations under Clause 15.2, 15.3 or 15.4 and any valuations provided under Clause 11.6(d) (including any additional valuations provided pursuant to Clause 15.8 at the option of the Borrowers) shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.

Appears in 2 contracts

Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Global Ship Lease, Inc.)

Valuations binding. Any valuation under Clause 15.22 (b), 15.3 14.2 or 15.4 14.3 shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make Lender makes of any additional security which does not consist of or include a Security Interest.

Appears in 2 contracts

Samples: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)

Valuations binding. Any valuation under Clause 15.214.1(i), 15.3 14.4 or 15.4 14.5 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make Lender reasonably makes of any additional a security which does not consist of or include a Security Interest.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 15.5 shall be binding and conclusive as regards the BorrowersBorrower and the Guarantors, as shall be any valuation which the Majority Lenders make of any additional security Collateral which does not consist of or include a Security Interestvessel.

Appears in 2 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Valuations binding. Any valuation under Clause 15.215.1(i), 15.3 15.4 or 15.4 shall 15.5 shall, in the absence of manifest error, be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make of any additional a security which does not consist of or include a Security Interest.

Appears in 2 contracts

Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)

Valuations binding. Any valuation under Clause 15.2, 15.3 15.4 or 15.4 15.5 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.)

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the BorrowersBorrowers and the Lenders, as shall be any valuation which the Majority Lenders make Agent makes of any additional security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Valuations binding. Any valuation under Clause 15.213.2, 15.3 13.3 or 15.4 13.4 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make Lender makes of any additional security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Agreement (DryShips Inc.)

Valuations binding. Any valuation under Clause Clauses 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Agreement (Diana Shipping Inc.)

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Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the Borrowers, Borrower (save in the case of manifest error) as shall be any valuation which the Majority Lenders make of any additional a security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Agreement (Star Bulk Carriers Corp.)

Valuations binding. Any valuation under Clause 15.2, 15.3 15.5 or 15.4 15.6 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Valuations binding. Any valuation under Clause 15.2, 15.3 13.2 or 15.4 13.3 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interestsecurity.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make Lender makes of any additional a security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Valuations binding. Any valuation Valuation under Clause Clauses 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 15,4 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.,

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Carriers Corp.)

Valuations binding. Any valuation under Clause 15.216.1(i), 15.3 16.4 or 15.4 shall 16.5 shall, in the absence of manifest error, be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make of any additional a security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 15.5 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make Agent reasonably makes of any additional security which does not consist of or include a Security Interestsecurity.

Appears in 1 contract

Samples: Loan Agreement (Costamare Partners LP)

Valuations binding. Any valuation valuations under Clause 15.2, 15.3 or 15.3or 15.4 and any valuations provided under Clause 11.6(d) (including any additional valuations provided pursuant to Clause 15.8 at the option of the Borrowers) shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Loan Agreement (Global Ship Lease, Inc.)

Valuations binding. Any valuation under Clause 15.2, 15.3 15.5 or 15.4 15.6 shall be binding and conclusive as regards the BorrowersBorrower, as the Agent and the Lenders and, in the case of any additional security not constituting a vessel, shall be any the valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interestdetermine acting reasonably.

Appears in 1 contract

Samples: Loan Agreement (Britannia Bulk Holdings Inc)

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the Borrowersconclusive, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.)

Valuations binding. Any valuation under Clause 15.2, 15.3 13.2,13.3 or 15.4 13.4 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make Lender makes of any additional security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Valuations binding. Any valuation under Clause 15.2, 15.3 14.3 or 15.4 14.4 shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make Lender makes of any additional security which does not consist of or include a Security InterestInterest over a vessel.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

Valuations binding. Any valuation under Clause 15.2I5.1(i), 15.3 15.4 or 15.4 15.5 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make of any additional a security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Valuations binding. Any valuation under Clause 15.215.1(b)(i), 15.2 or 15.3 or 15.4 shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make of any additional a security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Dynagas LNG Partners LP

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the BorrowersBorrower and the Guarantors, as shall be any valuation which the Majority Lenders make of any additional security cash or other assets which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Loan Agreement (Dorian LPG Ltd.)

Valuations binding. Any valuation under Clause 15.214.2, 15.3 14.3 or 15.4 14.4 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make Lender makes of any additional a security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Valuations binding. Any valuation under Clause 15.214.1(b)(i), 15.3 14.4 or 15.4 14.5 shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make Lender makes of any additional a security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)

Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Valuations binding. Any valuation under Clause 15.220.2, 15.3 20.3 or 15.4 20.4 shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Agreement (NewLead Holdings Ltd.)

Valuations binding. Any valuation under Clause 15.215.1(i), 15.2 or 15.3 or 15.4 shall be binding and conclusive as regards the BorrowersBorrower, as shall be any valuation which the Majority Lenders make of any additional a security which does not consist of or include a Security Interest.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

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