Approved Valuer definition

Approved Valuer means a firm of valuers recognized as such by the Income Tax Department and having experience of valuing at least 5 (five) properties exceeding Rs. 100 cr. (Rupees one hundred crore) each in value;

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Approved Valuer means, in relation to a Ship, at any time during the Security Period, any of the firms listed in Schedule 8 (List of Approved Valuers) or any other firm or firms of shipbrokers approved in writing by the Facility Agent acting with the authorisation of the Majority Lenders.

Approved Valuer means Arrow Sale and Purchase (UK) Limited, Braemar Seascope Shipping Limited, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Ltd, Fearnleys AS, Clarkson Securities AS, Maersk Broker K/S, ▇▇▇▇ ▇▇▇▇▇▇▇▇, Allied Shipbroking, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ and VesselsValue (or any Affiliate of such person through which valuations are commonly issued) and any other firm or firms of independent sale and purchase shipbrokers approved in writing by the Facility Agent, acting with the authorisation of the Majority Lenders.

Examples of Approved Valuer in a sentence

• Valuations shall be provided by Approved Valuers in dollars or, if an Approved Valuer is of the view that the relevant type of vessel is generally bought and sold in another currency, in that other currency.

• The Agent shall respond promptly to any request by the Borrowers, and the Borrowers shall respond promptly to any request by the Agent, for approval of a broker nominated by the Borrowers or, as the case may be, the Agent to become an Approved Valuer.

• The Agent may, acting reasonably, at any time by notice to the Borrowers withdraw any Approved Valuer or previous approval of a valuer for the purposes of future valuations.

• When valuations of a Mortgaged Ship are required for the purposes of this clause 25, the Agent and the Borrower shall promptly each nominate an Approved Valuer to provide such valuations and the Borrower shall be responsible for appointing such nominated Approved Valuers and obtaining the required valuations of the Mortgaged Ship.

• The Agent shall, in its full discretion be entitled to request a second valuation from an Approved Valuer selected and appointed by the Facility Agent, in which case, the Market Value shall be the arithmetic average of the two valuations.

More Definitions of Approved Valuer

Approved Valuer means each of Clarksons, Braemar ACM, MSI Ltd, Arrow Valuations (a division of Arrow Research Ltd.), Compass Maritime Services, LLC and Fearnleys AS (or any Affiliate of such person through which valuations are commonly issued) and any other firm or firms of independent sale and purchase shipbrokers approved in writing by the Facility Agent, acting with the authorisation of the Lenders.

Approved Valuer means each of Clarkson Valuations Limited, Fearnleys AS and Simpson Spence Young or any other independent sale and purchase broker approved in writing between the Charterers, the Owners and the Mortgagee;

Approved Valuer means a person for the time being approved by the Trustee as qualified to value any particular Investment constituting part of the Deposited Property and appointed by the Managers for such purpose.

Approved Valuer means any of Braemar ACM Shipbroking, Fearnleys Shipping AS, ▇▇▇▇▇▇▇▇▇ & Stemoco AS, Clarksons Platou, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ & ▇▇▇▇▇ Shipbrokers Ltd (SSY), VesselsValue Ltd, Arrow Valuations Ltd., Compass Maritime Services, LLC, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and Salles (BRS), Golden Destiny S.A., Galbraiths Limited Shipbrokers, ▇▇▇▇ ▇▇▇▇▇▇▇▇, Maersk Brokers or such other international independent and reputable ship sale and purchase shipbroker as may from time to time be appointed by the Owners acting reasonably;

Approved Valuer means in respect of a Division any person who is independent of the Trustee, experienced in relation to the valuation of Assets of the kind required to be valued, licensed or registered as a valuer in those jurisdictions which require it and is appointed, for the time being, by the Trustee to act in relation to the Division under this Deed.

Approved Valuer means an independent valuer who is experienced in valuing goods of a type which are similar to the Goods and who is appointed by us in good faith;

Approved Valuer means Clarksons Valuations Limited, Braemar ACM Valuations Limited, S▇▇▇▇▇▇ ▇▇▇▇▇▇ & Y▇▇▇▇ Valuations Services Ltd, Arrow Research Limited, Fearnleys Shipbrokers A/S (or any Affiliate of such person through which valuations are commonly issued) and any other firm or firms of independent sale and purchase shipbrokers approved in writing by the Facility Agent, acting with the authorisation of the Majority Lenders.