Common use of Advisers Clause in Contracts

Advisers. The Borrower irrevocably authorises the Agent, at any time and from time to time during the Facility Period, to consult insurance advisers on any matters relating to the Insurances, including, without limitation, the collection of insurance claims, and from time to time to consult or retain advisers or consultants to monitor or advise on any other claims relating to the Vessel. Subject to clause 9.1.22 the Borrower will provide such advisers and consultants with all information and documents which they may from time to time reasonably require. In the event that such advisers or consultants discover that the Borrower is in breach of its obligations in relation to the Insurances or at the time of or during such consultation or retention there occurs an Event of Default which is continuing unremedied or unwaived, then the Borrower will reimburse the Agent on demand for all reasonable costs and expenses properly incurred by the Agent in connection with the consultation or retention of such advisers or consultants, but such consultation or retention shall otherwise be at the Lender Finance Parties’ own cost and expense.