Asset Value. 52.1 Clause 52.2 below applies if the Owners notify the Charterers that: (a) the Market Value of the Vessel; plus (b) the net realisable value of any additional security previously provided under Clause 52.2(a), is at any time below one hundred twenty per cent. (130%) of the Charterhire Principal Balance.
Appears in 4 contracts
Samples: Additional Clauses (DryShips Inc.), Additional Clauses (DryShips Inc.), DryShips Inc.