Common use of Broker’s Letter of Undertaking Clause in Contracts

Broker’s Letter of Undertaking. The Borrower will procure that every insurance broker who effects an insurance writes a broker’s letter of undertaking (substantially in the form set out in Schedule 16 (Broker’s Letter of Undertaking)) to the Security Agent. Such letters have to be provided prior to Financial Close with respect to insurances during the Construction Period and at least five (5) Banking Days prior to inception with respect to insurances during the Operation Period.

Broker’s Letter of Undertaking. The Borrower will procure that every insurance broker who effects an insurance writes a broker’s letter of undertaking (substantially in the form set out in Schedule 16 11 (Broker’s Letter of Undertaking)) to the Security Agent. Such letters have to be provided prior to Financial Close with respect to insurances during the Construction Period and at least five (5) Banking Days prior to inception with respect to insurances during the Operation Period.

Broker’s Letter of Undertaking. The Borrower will procure that every insurance broker who effects an insurance writes a broker’s letter of undertaking (substantially in the form set out in Schedule 16 14 (Broker’s Letter of Undertaking)) to the Security Agent. Such letters have to be provided prior to Financial Close with respect to insurances during the Construction Period and at least five (5) Banking Days prior to inception with respect to insurances during the Operation Period.

Broker’s Letter of Undertaking. The Borrower will procure that every insurance broker who effects an insurance writes a broker’s 's letter of undertaking (substantially in the form set out in Schedule 16 (Broker’s 's Letter of Undertaking)) to the Security Agent. Such ---------- letters have to be provided prior to Financial Close with respect to insurances ---- during the Construction Period and at least five (5) Banking Days prior to inception with respect to insurances during the Operation Period.