Computer Model Sample Clauses

Computer Model. The Technical Bank may, with the prior consent of the Borrower (such consent not to be unreasonably withheld or delayed), make amendments to the Computer Model from time to time to correct any deficiencies in such Computer Model (including any conflict between the Computer Model and any Field Document) or otherwise to reflect any changes in circumstance since the date of this Agreement.
AutoNDA by SimpleDocs
Computer Model. (A) Each of the Facility Agent, the Technical Bank, the Modelling Bank or the Borrower may, with the prior consent of the Borrower and the Majority Lenders (in each case, such consent not to be unreasonably withheld or delayed), make amendments to the Computer Model from time to time to correct any errors in such Computer Model or otherwise to reflect any changes in circumstance since the date of this Agreement. (B) Following any material amendment to the Computer Model, the Majority Lenders may request for the amended Computer Model to be audited. If the Majority Lenders so request, the amended Computer Model shall be audited (at the cost of the Borrower) by a firm of model auditors appointed by the Modelling Bank. Where an audit has been so requested, until a satisfactory audit in relation to the amended Computer Model has been delivered to the Majority Lenders, the existing unamended version shall continue to be the “Computer Model” for the purpose of this Agreement.
Computer Model. 6.8.1 The Lender may, with the prior consent of the Borrower make amendments to the Computer Model from time to time (such consent not to be unreasonably withheld or delayed) to correct any deficiencies in such Computer Model (including any conflict between the Computer Model and any Project Document) or otherwise to reflect any changes in circumstance since the date of this Agreement.
Computer Model. 18.7.1 By notice to the Borrower, the Agent (after consultation with the Borrower, the Banks and, if appropriate, the Banks’ Technical Adviser) may, at any time and at the expense of the Borrower, make such revisions to the Computer Model as may be reasonably required for the purpose of: (a) correcting any error in the form or structure of the Computer Model; or (b) incorporating any additional assumptions agreed or determined pursuant to any of Clauses 18.3 (Forecast Assumptions), 18.4 (Procedures for determining Forecast Assumptions) and 18.5 (Submissions to the Expert). The Agent’s determination of the revisions that are so required shall (in the absence of mathematical or manifest error) be final and conclusive. 18.7.2 If the Computer Model is revised, the Agent shall promptly notify the Borrower and the Banks of the revision and provide the Borrower with a diskette with a copy of the same. Any such notice shall be accompanied by a certificate from the Banks’ Model Adviser that the relevant revisions have been made to the Computer Model. 18.7.3 In the event that the Borrower notifies the Agent that there is a mathematical or manifest error in the revisions made by the Agent to the Computer Model pursuant to this Clause 18.7 (Computer Model) and the Agent and the Borrower are unable to agree on the revisions so required, then either party may refer the same to the Expert for resolution in accordance with Clause 18.5 (Submissions to the Expert).
Computer Model. (a) The Modelling Bank may, with the prior consent of the Borrower and the Majority Lenders (in each case, such consent not to be unreasonably withheld or delayed), make amendments to the Computer Model from time to time to correct any errors in such Computer Model, to take into account natural gas liquids or otherwise to reflect any changes in circumstance since the date of this Agreement. (b) Following any material amendment to the Computer Model, the Majority Lenders may request for the amended Computer Model to be audited. If the Majority Lenders so request, the amended Computer Model shall be audited (at the cost of the Borrower) by a firm of model auditors appointed by the Modelling Bank (in consultation with the Borrower) approved by the Majority Lenders. Where an audit has been so requested, until a satisfactory audit in relation to the amended Computer Model has been delivered to the Majority Lenders, the existing unamended version shall continue to be the “Computer Model” for the purpose of this Agreement.
Computer Model. The Borrower shall deliver to the Facility Agent an updated version of the Computer Model (i) not less than fifteen (15) days prior to the commencement of any Financial Year, to reflect the Mine Plan then in effect and the Project Budget and Operating Budget for such Financial Year; and (ii) at any time upon the request of any Facility Lender in connection with any revision to the Mine Plan. Any updated version of the Computer Model delivered in connection with a revision to the Mine Plan shall reflect the Borrower’s current economic and operational assumptions for the Project.
Computer Model. 7.11.1 The Company may, with the consent of the Agent (such consent not to be unreasonably withheld or delayed), make amendments to the Computer Model from time to time to correct any deficiencies in such Computer Model (including any conflict between the Computer Model and any Project Document) or otherwise to reflect any changes in circumstance since the date of this Agreement. 7.11.2 Following any material amendment to the Computer Model, the Majority Lenders may request for the amended Computer Model to be audited. If the Majority Lenders so request, the amended Computer Model shall forthwith be audited (at the cost of the Company) by a firm of model auditors approved by the Majority Lenders. Where an audit has been so requested, until a satisfactory audit in relation to the amended Computer Model has been delivered to the Majority Lenders, the existing unamended version shall continue to be the “Computer Model” for the purpose of this Agreement.
AutoNDA by SimpleDocs
Computer Model. 7.10.1 The Modelling Bank and the Technical Banks may, with the prior consent of the Borrower and the Majority Lenders (in each case, such consent not to be unreasonably withheld or delayed), make amendments to the Computer Model from time to time to correct any errors in such Computer Model or otherwise to reflect any changes in circumstance since the date of this Agreement. 7.10.2 The Borrower may, with the prior consent of the Modelling Bank, the Technical Banks and the Majority Lenders (in each case, such consent not to be unreasonably withheld or delayed), make amendments to the Computer Model from time to time to correct any errors in such Computer Model or otherwise to reflect any changes in circumstance since the date of this Agreement. 7.10.3 Following any material amendment to the Computer Model, the Majority Lenders or the Borrower may request for the amended Computer Model to be audited. If the Majority Lenders so request, the amended Computer Model shall forthwith be audited (at the cost of the Borrower) by a reputable and experienced firm of model auditors approved by the Majority Lenders having consulted with the Borrower. Where an audit has been so requested, until a satisfactory audit in relation to the amended Computer Model has been delivered to the Majority Lenders, the existing unamended version shall continue to be the "Computer Model" for the purpose of this Agreement.
Computer Model. (a) The Computer Model. (b) A letter from the Model Adviser to the Senior Agent in relation to the audit of the Computer Model.
Computer Model. 7.11.1 The Technical Bank may, with the prior consent of the Borrower and the Majority Lenders, make amendments to the Computer Model from time to time (such consent not to be unreasonably withheld or delayed) to correct any deficiencies in such Computer Model (including any conflict between the Computer Model and any Project Document) or otherwise to reflect any changes in circumstance since the date of this Agreement. 7.11.2 Following any amendment to the Computer Model which is determined to be material by the Technical Bank (in its sole discretion), the Technical Bank may request for the amended Computer Model to be re-audited. If the Technical Bank so requests, the amended Computer Model shall forthwith be re-audited (at the cost of the Borrower) by a firm of model auditors approved by the Technical Bank provided that no re-audit of the Computer Model shall be undertaken at the cost of the Borrower more than once during a financial year of the Borrower unless the requirement for a re-audit has resulted from the acquisition and/or disposal of assets by a member of the Group. Where an audit has been so requested, until a satisfactory audit in relation to the amended Computer Model has been delivered to the Technical Bank, the existing unamended version shall continue to be the "Computer Model" for the purpose of this Agreement.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!