Approved Shipbroker definition

Approved Shipbroker means any of the following or their Affiliates: Arrow Valuations Ltd; Breamar Seascope Limited; Clarkson Valuations Limited; Fearnley Offshore AS; Howe Robinson & Co. Ltd.; ICAP Shipping Limited; Maersk Brokers K/S; RS Platou Shipbrokers A/S; SSY Valuation Services Ltd.; and VesselsValue Ltd, or such other reputable, independent and first class firm of shipbrokers specializing in the valuation of vessels of the relevant type agreed between the Corporation and the Initial Holder.

Approved Shipbroker means Fearnleys A.S., Poten & Partners Inc., Xxxxxxx Xxxxxx & Xxxxx Limited, X.X. Xxxxxx Shipbrokers A.S., X. Xxxxxxxx & Co. Ltd., Braemar Seascope Ltd. and Arrow Sale & Purchase (UK) Ltd. or such other independent sale and purchase shipbroker which the Agent has approved or selected (with the authorisation of the Majority Lenders);

Approved Shipbroker means each of Arrow Chartering (UK), Braemar Seascope Group, Clarksons PLC and Fearnleys and any other reputable, independent and first class firm of ship brokers requested by the Borrower and accepted by the Agent in its absolute discretion (such acceptance not to be unreasonably withheld or delayed).

Examples of Approved Shipbroker in a sentence

• The Borrowers jointly and severally undertake with the Creditors to supply to the Agent and to any such Approved Shipbroker such information concerning the relevant Mortgaged Ship and its condition as such Approved Shipbroker may require for the purpose of making any such valuation.

• The Lender and the Borrower agrees to accept such valuation made by such Approved Shipbroker appointed as aforesaid as conclusive evidence of the Market Value of the Vessel at the date of such valuation and such valuation shall constitute the Market Value of the Vessel for the purposes of this Clause 8.5. The value of the Vessel determined in accordance with the provisions of this Clause 8.5 shall be binding upon the Borrower and the Lender until such time as any further such valuation shall be obtained.

• The Borrowers jointly and severally undertake with each Creditor to supply to the Agent and to any such Approved Shipbrokers such information concerning each Mortgaged Ship and its condition as such Approved Shipbroker may require for the purpose of making any such valuation.

• The Borrowers jointly and severally undertake with the Creditors to supply to the Agent and to any such Approved Shipbroker such information concerning the relevant Mortgaged Ship and its condition as such Approved Shipbroker may reasonably require for the purpose of making any such valuation.

• Each Approved Shipbroker appointed under this Agreement shall report directly to the Agent (on behalf of the Lenders) and shall be appointed by the Borrower not later than five (5) days after the Agent’s request for the Borrower to appoint such Approved Shipbrokers.

More Definitions of Approved Shipbroker

Approved Shipbroker means each of Arrow Sale and Purchase Limited, Braemar Seascope Limited, Clarkson PLC, Astrup Fearnleys AS, Xxxx Xxxxxxxx, Maersk Brokers, Xxxxxxxxx'x Ltd. and Affinity Shipping LLP.

Approved Shipbroker means any of them;

Approved Shipbroker means each of the shipbrokers listed in Schedule 10 and any other shipbrokers acceptable to the Security Agent (acting reasonably) at the request of the Borrowers.

Approved Shipbroker means ALTUM Ingenieria y Servicios, S.L.

Approved Shipbroker means Intermodal Shipbrokers Co., Golden Destiny S.A., Allied Shipbroking Inc., Optima Shipping Services S.A., Clarksons, Fearnleys, Braemar, Arrows, Maersk Broker,xxx.xxxxxxxxxxxx.xxx or any other first-class independent firm of internationally known shipbrokers, acceptable to the Lender, and includes their respective successors in title and “Approved Shipbrokers” means all of them;

Approved Shipbroker means each of Hartland Shipping Services Limited, X. Xxxxxxxx & Company Limited, Maersk Brokers K/S, Arrow Sale and Purchase (U.K.) Ltd., Fearnley AS, Xxxxxxx Xxxxxx & Young (SSY), Xxxxx Xxxxxxxx Xxxxxx of France, Xxxxxxxxx’x Limited Shipbrokers, Braemar Shipping Services PLC, Xxxxxxxx-Xxxxx & C. S.p.A, Associated Shipbroking X.X.X., Xxxx Xxxxxxxx & Co Ltd., Maritime Strategies International (MSI), X.X. Xxxxxx Shipbrokers Ltd., Oslo Shipbrokers A.S, Xxxx Xxxxxxxxxx Shipbrokers AS and any other reputable, independent and first class firm of ship brokers appointed by a Borrower with the Lender’s prior approval.

Approved Shipbroker means any of Affinity (Shipping), Barry Rogliano Salles International, Braemar Shipping Services, Clarksons, Howe Robinson, Maersk Broker and Walter J. Hinneberg and any independent reputable ship broker nominated by the Issuer and approved by the Bond Trustee from time to time.