Amendment of Requirements. The Required Holders may at any time amend the requirements and approved insurance companies described in this Section 9.2 or Schedule 9.2 due to (i) new information not previously known by the Purchasers prior to the Closing Date or (ii) changed circumstances after Closing Date, in which in the reasonable judgment of the Required Holders either renders a required coverage to be materially inadequate or materially reduces the financial ability of the approved insurance companies to pay claims.
Amendment of Requirements. 26 Section 11.7. Application of Insurance Proceeds............................. 28 SECTION 12. INSPECTION........................................................... 28 SECTION 13.
Amendment of Requirements. (a) If any insurance required to be maintained by the Facility Lessee pursuant to this Section 11 (including the limits or deductibles or any other terms under policies for such insurance) ceases to be available on a commercially reasonable basis, the Facility Lessee shall provide written notice to the Owner Lessor and, so long as the Lien of the Lease Indenture shall not have been terminated or discharged, the Lease Indenture Trustee accompanied by a letter from the Facility Lessee's insurance broker stating that such insurance is unavailable on a commercially reasonable basis. Such notice shall be given not less than thirty (30) days prior to the scheduled date for renewal of any such policy. Upon receipt of such notice by the Owner Lessor, the Owner Lessor and the Facility Lessee shall immediately enter into good faith negotiations in order to obtain an alternative to such insurance.
Amendment of Requirements. From time to time, University of Pittsburgh - Xxxxxxxx xxx amend the requirements for the Bachelor of Science (B.S.) degree and LECOM may amend the requirements for admission to the Doctor of Dental Medicine Program.
Amendment of Requirements. The Collateral Agent may (as directed by the Intercreditor Agent, acting pursuant to the Intercreditor Agreement) at any time, in consultation with the Insurance Consultant and with reasonable advance notice to the Partnership, amend the requirements and approved insurance companies of this Appendix I due to (i) new information not known by the Senior Secured Parties on the Closing Date or (ii) changed circumstances after the Closing Date which in the reasonable judgment of the Insurance Consultant either render such coverage materially inadequate or materially reduce the financial ability of the approved insurance companies to pay claims. The Partnership will respond and work to secure the additional insurance coverage within a reasonable period of time not to exceed 2 months. In the event any insurance (including the limits or deductibles thereof) hereby required to be maintained shall not be reasonably available and commercially feasible in the commercial insurance market, the Collateral Agent (as directed by the Intercreditor Agent, acting pursuant to the Intercreditor Agreement) shall not unreasonably withhold its agreement to waive such requirement to the extent the maintenance thereof is not so available; provided, however, that (i) the Partnership shall first request any such waiver in writing, which request shall be accompanied by written reports prepared by two independent insurance advisors of recognized national standing (one of which may be the Partnership's insurance advisor and one of which may be the Insurance Consultant), certifying that such insurance is not reasonably available and commercially feasible in the commercial insurance market for power plants of similar type, location and capacity as the Project (and, in any case where the required amount is not so available, certifying as to the maximum amount which is so available) and explaining in detail the basis for such conclusions; (ii) at any time after the granting of any such waiver, but not more often than once a year, the Collateral Agent may (as directed by the Intercreditor Agent, acting pursuant to the Intercreditor Agreement) request, and the Partnership shall furnish to the Collateral Agent within fifteen (15) days after such request, supplemental reports from such independent insurance broker or the Insurance Consultant updating their prior reports and reaffirming such conclusion; and (iii) any such waiver shall be effective only so long as such insurance shall not be reaso...
Amendment of Requirements. (a) If any insurance required to be maintained by the Lessee pursuant to Section 11.1 or 11.2 (including the limits or deductibles or any other terms under policies for such insurance) ceases to be available on a commercially reasonable basis at the time of renewal, the Lessee shall provide written notice to the Lessor accompanied by a letter from the Lessee's insurance broker stating that such insurance is unavailable on a commercially reasonable basis. Such notice shall be given not less than 30 days prior to the scheduled date for renewal of any such policy. Upon receipt of such notice by the Lessor, the Lessor and the Lessee shall immediately enter into good faith negotiations in order to obtain an alternative to such insurance.
Amendment of Requirements. 27 Application of Insurance Proceeds................................................................... 28 SECTION 12 INSPECTION ........................................................................................................ 30 SECTION 13 TERMINATION OPTION FOR BURDENSOME EVENTS............................... 31 Section 13.1 Section 13.2 Section 13.3 Section 13.4 Election to Terminate ....................................................................................... 31 Solicitation of QualifYing Cash Bids; Payments Upon Termination ............... 31 Procedure for Exercise of Termination Option ................................................ 32 Assumption of the Notes .................................................................................. 33 SECTION 14 TERMINATION FOR OBSOLESCENCE; PARTIAL RELEASE OF INTERESTS..................................................................................................... 34 Section 14.1 Section 14.2 Section 14.3 Section 14.4 Section 14.5 Section 14.6 Termination ...................................................................................................... 34 Solicitation of Offers........................................................................................ 34 Right of Owner Lessor to Retain the Owner Lessor's Interest......................... 35 Procedure for Exercise of Termination Option ................................................ 36 Certain Conditions to Termination .................................................................. 37 Partial Release oflnterest; Further Assurances ............................................... 37 SECTION 15 LEASE RENEWAL............................................................................................... 39 Section 15.1 Section 15.2 Section 15.3 Section 15.4 Section 15.5 Section 15.6 First Wintergreen Renewal Lease Term .......................................................... 39 Second Wintergreen Renewal Lease Term ...................................................... 39 Fair Market Value Renewal Lease Terms........................................................ 40 Renewal Lease Rent for the Renewal Lease Terms......................................... 40 Determination of Fair Market Rental Value.................................................... 41 Termination Value During Renewal Lease Terms........................................... 41 HOUO 1:587609.2
Amendment of Requirements. The Administrative Agent (acting on the instruction of the Required Lenders), may at any time after the Effective Date amend the requirements (including, without limitation, the amount and scope of insurance coverage) and approved insurance companies described in this Section 5.9 due to changed circumstances which in the reasonable judgment of the Administrative Agent (acting on the instruction of the Required Lenders and in consultation with the Insurance Advisor), either render such coverage materially inadequate or materially reduce the financial ability of the approved insurance companies to pay claims. For the avoidance of doubt, in no event shall any such amendment by the Administrative Agent require loss of hire insurance. Neither Borrower shall make, or agree to, any alteration to the terms of any insurance nor waive any right relating to any insurance effected by it, as required by this Section 5.9 without (x) prior written notice to the Administrative Agent and (y) with respect to any such alteration or waiver which is material, the prior written consent of the Administrative Agent (acting on the instruction of the Required Lenders).
Amendment of Requirements. From time to time, University of Pittsburgh - Xxxxxxxx xxx amend the requirements for the Bachelor of Science (B.S.) or Bachelor of Arts B.A.) degree and LECOM may amend the requirements for admission to the Doctor of Osteopathic Medicine Program.
Amendment of Requirements. From time to time, The University of Pittsburgh at Xxxxxxxx xxx amend the requirements for the pre- pharmacy program and LECOM may amend the requirements for admission to the Doctor of Pharmacy Program.
