Common use of CIRR requirements Clause in Contracts

CIRR requirements. The Borrower acknowledges that: (i) the government of the Federal Republic of Germany, the Federal Audit Court or any authorized representatives specified by these bodies shall be authorized at any time to inspect and make or demand copies of the records, accounts, documents and other deeds of the Lenders; (ii) in the course of its activity as the Facility Agent, the Facility Agent may: (a) provide the government of the Federal Republic of Germany with information concerning the transactions to be handled by it; and (b) disclose information concerning the subsidized transaction in the context of internationally agreed consultation/notification proceedings and statutory specifications, including information received from the Lenders; and (iii) the Facility Agent and (to the extent the Lenders have entered into an Option A Refinancing Agreement with the Refinancing Bank) the Lenders are entitled to disclose to the Refinancing Bank: (a) circumstances pertaining to the Loan, proper repayment and collateralization; (b) extraordinary events which may jeopardize the proper servicing of the Loan; (c) any information required by the Refinancing Bank with respect to the proper use of any refinancing funds granted to the respective Lender; and (d) the Loan Documents; provided that the Refinancing Bank agrees to keep such information confidential to the same extent required of Lenders pursuant to Section 11.15.

Appears in 6 contracts

Samples: Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD), Amendment No. 4 in Connection With the Credit Agreement (Royal Caribbean Cruises LTD)

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CIRR requirements. The Borrower acknowledges that: (i) the government of the Federal Republic of Germany, the Federal Audit Court or any authorized representatives specified by these bodies shall be authorized at any time to inspect and make or demand copies of the records, accounts, documents and other deeds of the Lenders; (ii) in the course of its activity as the Facility Administrative Agent, the Facility Administrative Agent may: (a) provide the government of the Federal Republic of Germany with information concerning the transactions to be handled by it; and (b) disclose information concerning the subsidized transaction in the context of internationally agreed consultation/notification proceedings and statutory specifications, including information received from the Lenders; and (iii) the Facility Administrative Agent and (to the extent the Lenders have entered into an Option A Refinancing Agreement with the Refinancing Bank) the Lenders are entitled to disclose to the Refinancing Bank: (a) circumstances pertaining to the Loan, proper repayment and collateralization; (b) extraordinary events which may jeopardize the proper servicing of the Loan; (c) any information required by the Refinancing Bank with respect to the proper use of any refinancing funds granted to the respective Lender; and (d) the Loan Documents; provided that the Refinancing Bank agrees to keep such information confidential to the same extent required of Lenders pursuant to Section 11.15.

Appears in 2 contracts

Samples: Hull No. S 691 Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD)

CIRR requirements. The Borrower acknowledges that: (i) the government of the Federal Republic of Germany, the Federal Audit Court or any authorized representatives specified by these bodies shall be authorized at any time to inspect and make or demand copies of the records, accounts, documents and other deeds of the Lenders; (ii) in the course of its activity as the Facility Administrative Agent, the Facility Administrative Agent may: (a) provide the government of the Federal Republic of Germany with information concerning the transactions to be handled by it; and (b) disclose information concerning the subsidized transaction in the context of internationally agreed (NY) 18002/039/SOLSTICE5/solstice.5.form.of.loan.agt.2.doc consultation/notification proceedings and statutory specifications, including information received from the Lenders; and (iii) the Facility Administrative Agent and (to the extent the Lenders have entered into an Option A Refinancing Agreement with the Refinancing Bank) the Lenders are entitled to disclose to the Refinancing Bank: (a) circumstances pertaining to the Loan, proper repayment and collateralization; (b) extraordinary events which may jeopardize the proper servicing of the Loan; (c) any information required by the Refinancing Bank with respect to the proper use of any refinancing funds granted to the respective Lender; and (d) the Loan Documents; provided that the Refinancing Bank agrees to keep such information confidential to the same extent required of Lenders pursuant to Section 11.15.

Appears in 1 contract

Samples: Credit Agreement (Royal Caribbean Cruises LTD)

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CIRR requirements. The Borrower acknowledges that: (i) the government of the Federal Republic of Germany, the Federal Audit Court or any authorized representatives specified by these bodies shall be authorized at any time to inspect and make or demand copies of the records, accounts, documents and other deeds of the Lenders; (ii) in the course of its activity as the Facility Administrative Agent, the Facility Administrative Agent may: (a) provide the government of the Federal Republic of Germany with information concerning the transactions to be handled by it; and (b) disclose information concerning the subsidized transaction in the context of internationally agreed consultation/notification proceedings and statutory specifications, including information received from the Lenders; and (iii) the Facility Administrative Agent and (to the extent the Lenders have entered into an Option A Refinancing Agreement with the Refinancing Bank) the Lenders are entitled to disclose to the Refinancing Bank: (a) circumstances pertaining to the Loan, proper repayment and collateralization; (b) extraordinary events which may jeopardize the proper servicing of the Loan; (c) any information required by the Refinancing Bank with respect to the proper use of any refinancing funds granted to the respective Lender; andand (NY) 18002/039/SOLSTICE4/solstice.4.loan.agt.doc (d) the Loan Documents; provided that the Refinancing Bank agrees to keep such information confidential to the same extent required of Lenders pursuant to Section 11.15.

Appears in 1 contract

Samples: Credit Agreement (Royal Caribbean Cruises LTD)

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