Examples of Fleet Market Value in a sentence
With respect to the calculations described in the foregoing clause (iii), such report shall make the comparison described with respect to the Non-Program Fleet Market Value only as of the last Determination Date in the period as to which the report is made.
In connection with a drawdown under this Agreement, the valuations collected to establish the Fleet Market Value shall not be older than 6 months.
The Fleet Market Value, including a breakdown of each Vessel’s Market Value shall be determined and reported annually to the Agent (on behalf of the Finance Parties) and additional valuations in connection with sale or substitution of Vessels shall be obtained by Borrower as necessary to assure that all determinations of compliance herewith that use Fleet Market Value shall be determined using valuations completed not more than six months prior to the date of determination of such compliance.
If, at any time following the date of this Agreement, the Fleet Market Value is lower than one hundred and fifty per cent.
The Fleet Market Value shall at all times be at least equal to 140% of the aggregate of outstanding Loans under this Agreement.