Value of additional vessel security. The net realisable value of any additional security which is provided under Clause 25.2 (Provision of additional security; prepayment) which constitutes a first preferred or first priority mortgage over a vessel shall be the Market Value of the vessel concerned.
Appears in 8 contracts
Sources: Facility Agreement (Euroseas Ltd.), Facility Agreement (Seanergy Maritime Holdings Corp.), Facility Agreement (Okeanis Eco Tankers Corp.)
Value of additional vessel security. The net realisable value of any additional security which is provided under Clause 25.2 29.2 (Provision of additional security; prepayment) and which constitutes a first preferred or first priority mortgage consists of Security over a vessel shall be the Fair Market Value of the vessel concerned.
Appears in 6 contracts
Sources: Loan Agreement (Ardmore Shipping Corp), Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp), Loan Agreement (Ardmore Shipping Corp)
Value of additional vessel security. The net realisable value of any additional security which is provided under Clause 25.2 (Provision of additional security; prepayment) and which constitutes a first preferred or first priority mortgage consists of Security over a vessel shall be the Market Value of the vessel concerned.
Appears in 5 contracts
Sources: Facility Agreement (Okeanis Eco Tankers Corp.), Deed of Amendment and Restatement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Value of additional vessel security. The net realisable value of any additional security which is provided under Clause 25.2 24.2 (Provision of additional security; prepayment) which constitutes a first preferred or first priority mortgage over a vessel shall be the Market Value of the vessel concerned.
Appears in 5 contracts
Sources: Facility Agreement (Euroseas Ltd.), Term Loan Facility (Okeanis Eco Tankers Corp.), Facility Agreement (Euroseas Ltd.)
Value of additional vessel security. The net realisable value of any additional security which is provided under Clause 25.2 23.2 (Provision of additional security; prepayment) and which constitutes a first preferred or first priority mortgage consists of Security over a vessel shall be the Market Value of the vessel concerned.
Appears in 4 contracts
Sources: Term Loan Facility (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.)
Value of additional vessel security. The net realisable value of any additional security which is provided under Clause 25.2 27.2 (Provision of additional security; prepayment) and which constitutes a first preferred or first priority mortgage consists of Security over a vessel shall be the Fair Market Value of the vessel concerned.
Appears in 2 contracts
Sources: Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp)
Value of additional vessel security. The net realisable value of any additional security which is provided under Clause 25.2 26.2 (Provision of additional security; prepayment) and which constitutes a first preferred or first priority mortgage consists of Security over a vessel shall be the Market Value of the vessel concerned.
Appears in 2 contracts
Sources: Facility Agreement (Okeanis Eco Tankers Corp.), Facility Agreement (Okeanis Eco Tankers Corp.)
Value of additional vessel security. The net realisable value of any additional security which is provided under Clause 25.2 24.2 (Provision of additional security; prepayment) and which constitutes a first preferred or first priority mortgage consists of Security over a vessel shall be the Ship Market Value of the vessel concerned.
Appears in 1 contract
Sources: Facility Agreement (Taylor Maritime Investments LTD)
Value of additional vessel security. The net realisable value of any additional security which is provided under Clause 25.2 23.2 (Provision of additional security; prepayment) which constitutes a first preferred or first priority mortgage over a vessel shall be the Market Value of the vessel concerned.
Appears in 1 contract
Sources: Term Loan Facility Agreement (Navios Maritime Partners L.P.)
Value of additional vessel security. The net realisable value of any additional security which is provided under Clause 25.2 (Provision of additional security; prepayment) and which constitutes a first preferred or first priority mortgage consists of Security over a vessel shall be the Fair Market Value of the vessel concerned.
Appears in 1 contract
Sources: Term Loan Facility Agreement (Castor Maritime Inc.)
Value of additional vessel security. The net realisable value of any additional security which is provided under Clause 25.2 22.2 (Provision of additional security; prepayment) which constitutes a first preferred or first priority mortgage Security over a vessel shall be the Market Value of the vessel concerned.
Appears in 1 contract
Value of additional vessel security. The net realisable realizable value of any additional security which is provided under Clause 25.2 24.2 (Provision of additional security; prepayment) and which constitutes a first preferred or first priority mortgage consists of Security over a vessel shall be the Market Value of the vessel concerned.
Appears in 1 contract
Value of additional vessel security. The net realisable value of any additional security which is provided under Clause 25.2 22.2 (Provision of additional security; prepayment) which constitutes a first preferred or first priority mortgage over a vessel shall be the Market Value of the vessel concerned.
Appears in 1 contract
Sources: Reducing Revolving Credit Loan Facility (Navios Maritime Partners L.P.)
Value of additional vessel security. The net realisable value of any additional security which is provided under Clause 25.2 23.2 (Provision of additional security; prepayment) which constitutes a first preferred or first priority mortgage over a vessel shall be the Market Value of the vessel concerned.. 90 EUROPE/78925568v7
Appears in 1 contract
Value of additional vessel security. The net realisable value of any additional security which is provided under Clause 25.2 28.2 (Provision of additional security; prepayment) and which constitutes a first preferred or first priority mortgage consists of Security over a vessel shall be the Market Value of the vessel concerned.
Appears in 1 contract
Sources: Facility Agreement (Seanergy Maritime Holdings Corp.)