Common use of VALUATION OF THE PROPERTY Clause in Contracts

VALUATION OF THE PROPERTY. The Assignor authorises the Bank to value the Property in situations where the Customer and/or the Assignor is in default or upon the occurrence of an event which in the Bank’s reasonable opinion would reduce the value of the Property and affect the security given to the Bank as security for the Facility. The valuation may be conducted by any valuer or any officer of the Bank or any person of the Bank's choice at the Assignor's cost and expense. In the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Bank shall have the discretion to require the Assignor within fourteen (14) days from the date of the notice from the Bank to charge, pledge, mortgage or deposit with the Bank the Assignor's stock and shares, assets, movable property and/or the issue documents of title, if any, of all immovable properties vested in the Assignor of such value as the Bank from time to time require or for such tenure as the Bank so requires by way of further and additional security for the payment of the Indebtedness for the time being under this Assignment. If the forced sale value of the Property has in the opinion of the Bank fallen to the extent that the limit of the Facility and the Bank's profit margin shall be exceeded and the Assignor shall fail upon request to provide further and additional security as required by the Bank to restore or maintain the limit of the Facility and such profit margin, the Bank shall be entitled at its discretion to demand and require the Assignor to make immediate payment of such amount and in such manner as may be necessary to reduce the aggregate Indebtedness to levels in maintenance of the limit of the Facility and profit margin thereto and failure by the Assignor to do so shall be deemed (with notice on the Bank's part) to be an Event of Default.

VALUATION OF THE PROPERTY. The Assignor Chargor hereby authorises the Bank Chargee to value the Property annually or at such intervals as the Chargee shall in situations where the Customer and/or the Assignor is in default or upon the occurrence of an event which in the Bank’s reasonable opinion would reduce the value of the Property and affect the security given to the Bank as security for the Facility. The valuation may be conducted its absolute discretion decide by any valuer or any officer of the Bank Chargee or any person of the BankChargee's choice at the AssignorChargor's sole cost and expense. In expense and in the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Bank Chargee shall have the absolute discretion to require the Assignor Chargor within fourteen (14) days from the date of the notice from the Bank Chargee to charge, pledge, mortgage or deposit with the Bank Chargee the AssignorChargor's stock stocks and shares, assets, movable property and/or the issue documents document of title, if any, of all immovable properties vested in the Assignor Chargor of such value as the Bank Chargee may from time to time require or for such tenure as the Bank so Chargee requires by way of further and additional security for the payment of the Indebtedness total amount owing for the time being under this AssignmentCharge and the Property Sale Agreement. If the forced sale value of the Property has in the opinion of the Bank Chargee fallen (whose opinion shall not be questioned on any account whatsoever) to the extent that the limit aggregate of the Facility and the Bank's profit margin Indebtedness shall be exceeded and the Assignor Chargor shall fail upon request to provide further and additional security as required by the Bank Chargee to restore or maintain the limit aggregate of the Facility and such profit marginIndebtedness, the Bank Chargee shall be entitled at its absolute discretion to demand and require the Assignor Chargor to make immediate payment of such amount and in such manner as may be necessary to reduce the aggregate Indebtedness to levels in maintenance of the limit of the Facility and profit margin thereto Chargor's Indebtedness and failure by the Assignor Chargor to do so shall be deemed (with or without notice on the BankChargee's part) to be an Event of Default.

VALUATION OF THE PROPERTY. The Assignor Chargor hereby authorises the Bank Chargee to value the Property annually or at such intervals as the Chargee shall in situations where the Customer and/or the Assignor is in default or upon the occurrence of an event which in the Bank’s reasonable opinion would reduce the value of the Property and affect the security given to the Bank as security for the Facility. The valuation may be conducted its discretion decide by any valuer or any officer of the Bank Chargee or any person of the BankChargee's choice at the Assignor's Chargee’s cost and expense. In expense and in the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Bank Chargee shall have the discretion to require the Assignor Chargor within fourteen (14) days from the date of the notice from the Bank Chargee to charge, pledge, mortgage or deposit with the Bank Chargee the AssignorChargor's stock stocks and shares, assets, movable property and/or the issue documents document of title, if any, of all immovable properties vested in the Assignor Chargor of such value as the Bank Chargee may from time to time require or for such tenure as the Bank so Chargee requires by way of further and additional security for the payment of the Indebtedness total amount owing for the time being under this AssignmentCharge and the Property Sale Agreement. If the forced sale value of the Property has in the opinion of the Bank Chargee fallen to the extent that the limit aggregate of the Facility and the Bank's profit margin Indebtedness shall be exceeded and the Assignor Chargor shall fail upon request to provide further and additional security as required by the Bank Chargee to restore or maintain the limit aggregate of the Facility and such profit marginIndebtedness, the Bank Chargee shall be entitled at its discretion to demand and require the Assignor Chargor to make immediate payment of such amount and in such manner as may be necessary to reduce the aggregate Indebtedness to levels in maintenance of the limit of the Facility and profit margin thereto Chargor's Indebtedness and failure by the Assignor Chargor to do so shall be deemed (with or without notice on the BankChargee's part) to be an Event of Default.

VALUATION OF THE PROPERTY. The Assignor Chargor hereby authorises the Bank Chargee to value the Property annually or at such intervals as the Chargee shall in situations where the Customer and/or the Assignor is in default or upon the occurrence of an event which in the Bank’s reasonable opinion would reduce the value of the Property and affect the security given to the Bank as security for the Facility. The valuation may be conducted its discretion decide by any valuer or any officer of the Bank Chargee or any person of the BankChargee's choice at the AssignorChargee's cost and expense. In expense and in the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Bank Chargee shall have the discretion to require the Assignor Chargor within fourteen (14) days from the date of the notice from the Bank Chargee to charge, pledge, mortgage or deposit with the Bank Chargee the AssignorChargor's stock stocks and shares, assets, movable property and/or the issue documents document of title, if any, of all immovable properties vested in the Assignor Chargor of such value as the Bank Chargee may from time to time require or for such tenure as the Bank Chargee so requires by way of further and additional security for the payment of the Indebtedness for the time being under this AssignmentCharge. If the forced sale value of the Property has in the opinion of the Bank Chargee fallen to the extent that the limit of the Facility and the BankChargee's profit margin shall be exceeded and the Assignor Customer shall fail upon request to provide further and additional security as required by the Bank Chargee to restore or maintain the limit of the Facility and such profit margin, the Bank Chargee shall be entitled at its discretion to demand and require the Assignor Customer to make immediate payment of such amount and in such manner as may be necessary to reduce the aggregate of the Customer's Indebtedness to levels in maintenance of the limit of the Facility and profit margin thereto and failure by the Assignor Customer to do so shall be deemed (with or without notice on the BankChargee's part) to be an Event of Default.

VALUATION OF THE PROPERTY. The Assignor Customer hereby authorises the Bank to value the Property in situations where the Customer and/or the Assignor is in default annually or upon the occurrence of an event which in the Bank’s reasonable opinion would reduce the value of the Property and affect the security given to at such intervals as the Bank as security for the Facility. The valuation may be conducted shall in its absolute discretion decide by any valuer or any officer of the Bank or any person of the Bank's choice at the AssignorCustomer's sole cost and expense. In expense and in the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Bank shall have the absolute discretion to require the Assignor Customer within fourteen (14) days from the date of the notice from the Bank to charge, pledge, mortgage or deposit with the Bank the AssignorCustomer's stock stocks and shares, assets, movable property and/or the issue documents document of title, if any, of all immovable properties vested in the Assignor Customer of such value as the Bank may from time to time require or for such tenure as the Bank so requires by way of further and additional security for the payment of the Indebtedness for the time being under this AssignmentAssignment and the Property Sale Agreement. If the forced sale value of the Property has in the opinion of the Bank fallen (whose opinion shall not be questioned on any account whatsoever) to the extent that the limit aggregate of the Facility and the Bank's profit margin Indebtedness shall be exceeded and the Assignor Customer shall fail upon request to provide further and additional security as required by the Bank to restore or maintain the limit aggregate of the Facility and such profit marginIndebtedness, the Bank shall be entitled at its absolute discretion to demand and require the Assignor Customer to make immediate payment of such amount and in such manner as may be necessary to reduce the aggregate Indebtedness to levels in maintenance of the limit of the Facility and profit margin thereto Customer's and failure by the Assignor Customer to do so shall be deemed (with or without notice on the Bank's part) to be an Event of Default.

VALUATION OF THE PROPERTY. The Assignor hereby authorises the Bank to value the Property in situations where the Customer and/or the Assignor is in default annually or upon the occurrence of an event which in the Bank’s reasonable opinion would reduce the value of the Property and affect the security given to at such intervals as the Bank as security for the Facility. The valuation may be conducted shall in its absolute discretion decide by any valuer or any officer of the Bank or any person of the Bank's choice at the Assignor's sole cost and expense. In expense and in the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Bank shall have the absolute discretion to require the Assignor within fourteen (14) days from the date of the notice from the Bank to charge, pledge, mortgage or deposit with the Bank the Assignor's stock stocks and shares, assets, movable property and/or the issue documents document of title, if any, of all immovable properties vested in the Assignor of such value as the Bank may from time to time require or for such tenure as the Bank so requires by way of further and additional security for the payment of the Indebtedness for the time being under this Assignment. If the forced sale value of the Property has in the opinion of the Bank fallen (whose opinion shall not be questioned on any account whatsoever) to the extent that the limit aggregate of the Facility and the Bank's profit margin Indebtedness shall be exceeded and the Assignor Customer shall fail upon request to provide further and additional security as required by the Bank to restore or maintain the limit aggregate of the Facility and such profit marginIndebtedness, the Bank shall be entitled at its absolute discretion to demand and require the Assignor Customer to make immediate payment of such amount and in such manner as may be necessary to reduce the aggregate Indebtedness to levels in maintenance of the limit of the Facility and profit margin thereto Indebtedness and failure by the Assignor Customer to do so shall be deemed (with or without notice on the Bank's part) to be an Event of Default.

VALUATION OF THE PROPERTY. The Assignor Chargor hereby authorises the Bank Chargee to value the Property annually or at such intervals as the Chargee shall in situations where the Customer and/or the Assignor is in default or upon the occurrence of an event which in the Bank’s reasonable opinion would reduce the value of the Property and affect the security given to the Bank as security for the Facility. The valuation may be conducted its absolute discretion decide by any valuer or any officer of the Bank Chargee or any person of the BankChargee's choice at the AssignorChargor's sole cost and expense. In expense and in the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Bank Chargee shall have the absolute discretion to require the Assignor Chargor within fourteen (14) days from the date of the notice from the Bank Chargee to charge, pledge, mortgage or deposit with the Bank Chargee the AssignorChargor's stock stocks and shares, assets, movable property and/or the issue documents document of title, if any, of all immovable properties vested in the Assignor Chargor of such value as the Bank Chargee may from time to time require or for such tenure as the Bank Chargee so requires by way of further and additional security for the payment of the Indebtedness for the time being under this AssignmentCharge. If the forced sale value of the Property has in the opinion of the Bank Chargee fallen (whose opinion shall not be questioned on any account whatsoever) to the extent that the limit of the Facility and the BankChargee's profit margin shall be exceeded and the Assignor Customer shall fail upon request to provide further and additional security as required by the Bank Chargee to restore or maintain the limit of the Facility and such profit margin, the Bank Chargee shall be entitled at its absolute discretion to demand and require the Assignor Customer to make immediate payment of such amount and in such manner as may be necessary to reduce the aggregate of the Customer's Indebtedness to levels in maintenance of the limit of the Facility and profit margin thereto and failure by the Assignor Customer to do so shall be deemed (with or without notice on the BankChargee's part) to be an Event of Default.

VALUATION OF THE PROPERTY. The Assignor Chargor hereby authorises the Bank Chargee to value the Property annually or at such intervals as the Chargee shall in situations where the Customer and/or the Assignor is in default or upon the occurrence of an event which in the Bank’s reasonable opinion would reduce the value of the Property and affect the security given to the Bank as security for the Facility. The valuation may be conducted its discretion decide by any valuer or any officer of the Bank Chargee or any person of the BankChargee's choice at the Assignor's t he Chargee’s cost and expense. In expense and in the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Bank Chargee shall have the discretion to require the Assignor Chargor within fourteen (14) days from the date of the t he notice from the Bank Chargee to charge, pledge, mortgage or deposit with the Bank Chargee the AssignorChargor's stock stocks and shares, assets, movable property and/or and/ or the issue documents document of title, if any, of all immovable properties vested ves xxx in the Assignor Chargor of such value as the Bank Chargee may from time to time require or for such tenure as the Bank so Chargee requires by way of further and additional security for the payment of the Indebtedness total amount owing for the time being under this AssignmentCharge and the Property Sale Agreement. If the forced sale value of the Property Prop erty has in the opinion of the Bank Chargee fallen to the extent that the limit aggregate of the Facility Indebtedness shall be excee ded and the Bank's profit margin shall be exceeded and the Assignor Chargor shall fail upon request to provide further and additional security as required by the Bank th e Chargee to restore or maintain the limit aggreg ate of the Facility and such profit marginIndebtedness, the Bank Chargee shall be entitled at its discretion to demand and require the Assignor Chargor to make immediate payment of such amount and in such manner as may be necessary to reduce the aggregate Indebtedness to levels in maintenance of the limit of the Facility and profit margin thereto Chargor's Indebtedness and failure by the Assignor Chargor to do so shall be deemed (with or without notice on the BankChargee's part) to be an Event of o f Default.

VALUATION OF THE PROPERTY. The Assignor Chargor hereby authorises the Bank Chargee to value the Property annually or at such intervals as the Chargee shall in situations where the Customer and/or the Assignor is in default or upon the occurrence of an event which in the Bank’s reasonable opinion would reduce the value of the Property and affect the security given to the Bank as security for the Facility. The valuation may be conducted its discretion decide by any valuer or any officer of the Bank Chargee or any person of the BankChargee's choice at the AssignorChargee's cost and expense. In expense and in the event such valuation reveals that the forced sale value of the Property is lower than that at the date hereof the Bank Chargee shall have the discretion to require the Assignor within Chargor wi thin fourteen (14) days from the date of the notice from the Bank Chargee to charge, pledge, mortgage or deposit with the Bank Chargee the AssignorChargor's stock stocks and shares, assets, movable property and/or and/ or the issue documents document of title, if any, of all immovable properties vested v ested in the Assignor Chargor of such value as the Bank Chargee may from time to time require or for such tenure as the Bank Chargee so requires by way of further and additional security for the payment of the Indebtedness for fo r the time being under this AssignmentCharge. If the forced sale value of the Property has in the opinion of the Bank Chargee fallen to the extent that the limit of the Facility and the BankChargee's profit margin shall be exceeded and the Assignor Customer shall fail upon request to provide further and additional security as required requir ed by the Bank Chargee to restore or maintain the limit of the Facility and such profit margin, the Bank Chargee shall be entitled at its discretion to demand and require the Assignor Customer to make immediate payment of such amount and in such manner as may be necessary to reduce the aggregate of the Customer's Indebtedness to levels in maintenance of the limit of the Facility and profit margin thereto the reto and failure by the Assignor Customer to do so shall be deemed (with or without notice on the BankChargee's part) to be an Event of DefaultDefa ult.