Hermes Insurance Policy Clause Samples
The Hermes Insurance Policy clause defines the terms and conditions under which insurance coverage is provided by Hermes. It typically outlines the scope of coverage, including what risks or events are insured, the limits of liability, and any exclusions or special conditions that apply. For example, it may specify coverage for property damage, liability, or specific perils, and detail the process for making claims. The core function of this clause is to clearly establish the rights and obligations of both the insurer and the insured, thereby ensuring clarity and reducing disputes regarding coverage.
Hermes Insurance Policy. The Facility Agent or the Hermes Agent shall have received the Hermes Insurance Policy duly issued.
Hermes Insurance Policy. (a) The Facility Agent or the Hermes Agent shall have received the Hermes Insurance Policy duly issued and (b) Hermes shall not have, prior to the advance of the Loan, delivered to the Facility Agent or the Hermes Agent any notice that the Federal Republic of Germany has determined that the Loan is excluded from cover under the Hermes Insurance Policy..
Hermes Insurance Policy. Hermes shall not have, prior to funding the Loan, delivered to the Facility Agent or the Hermes Agent any notice that the Federal Republic of Germany has determined that the Loan is excluded from cover under the Hermes Insurance Policy.
Hermes Insurance Policy. The Borrower shall, on the reasonable request of the Hermes Agent, provide such other information as required under the Hermes Insurance Policy as necessary to enable the Hermes Agent to obtain the full support of Hermes pursuant to the Hermes Insurance Policy. The Borrower must pay to the Hermes Agent the amount of all reasonable costs and expenses reasonably incurred by it in connection with complying with a request by Hermes for any additional information necessary or desirable in connection with the Hermes Insurance Policy, provided that the Borrower is consulted before the Hermes Agent incurs any such cost or expense.
Hermes Insurance Policy. The Borrower shall, on the reasonable request of the Hermes Agent or the Administrative Agent, provide such other information as required under the Hermes Insurance Policy and/or the Terms and Conditions as necessary to enable the Hermes Agent or the Administrative Agent to obtain the full support of Hermes and/or the government of the Federal Republic of Germany (as the case may be) pursuant to the Hermes Insurance Policy and/or the Terms and Conditions (as the case may be). The Borrower must pay to the Hermes Agent or the Administrative Agent the amount of all reasonable costs and expenses reasonably incurred by the Hermes Agent or the Administrative Agent in connection with complying with a request by Hermes or the government of the Federal Republic of Germany (as the case may be) for any additional information necessary or desirable in connection with the Hermes Insurance Policy or the Terms and Conditions (as the case may be); provided that the Borrower is consulted before the Hermes Agent or the CIRR Agent incurs any such cost or expense.
Hermes Insurance Policy. SECTION 11.13.1. Terms of Hermes Insurance Policy
(a) 95% cover of the Loan.
(b) The Hermes Fee will not exceed 2.3% of the Loan as advanced on the Original Closing Date.
(c) The parties entered into the Original Credit Agreement on the basis that the Hermes Insurance Policy contained the terms set forth in Section 11.13.1 of the Original Credit Agreement.
Hermes Insurance Policy