Information concerning the Project Sample Clauses

Information concerning the Project. (a) The Parent (and, upon request of the Bank, the relevant Borrower) shall deliver to the Bank: (i) the information in content and in form, and at the times, specified in Schedule A.2 or otherwise as agreed from time to time by the parties to this Contract; and (ii) any such information or further document concerning the financing, procurement, implementation, operation and environmental matters of or for the Project as the Bank may reasonably require within a reasonable time, provided always that if such information or document is not delivered to the Bank on time, and the Parent (and, upon request of the Bank, the relevant Borrower) does not rectify the omission within a reasonable time set by the Bank in writing, the Bank may remedy the deficiency, to the extent feasible, by employing its own staff or a consultant or any other third party, at the Parent’s expense and the Borrowers shall provide such persons with all assistance necessary for the purpose; (b) The Borrowers shall submit for the approval of the Bank without delay any material change to the Project, also taking into account the disclosures made to the Bank in connection with the Project prior to the signing of this Contract, in respect of, inter alia, the price, design, plans, timetable or to the expenditure programme or financing plan for the Project; (c) The Borrowers shall promptly inform the Bank of: (i) any action or protest initiated or any objection raised by any third party or any genuine complaint received by any Borrower or any Environmental Claim that is to its knowledge commenced, pending or threatened against it with regard to environmental or other matters affecting the Project; (ii) any fact or event known to any Borrower, which may substantially prejudice or affect the conditions of execution or operation of the Project; (iii) a genuine allegation, complaint or information with regard to Criminal Offences related to the Project; (iv) any non-compliance by it with any applicable Environmental Law; and (v) any suspension, revocation or modification of any Environmental Approval, and set out the action to be taken with respect to such matters. (d) The Borrowers shall provide to the Bank, if so requested: (i) a certificate of its insurers showing fulfilment of the requirements of Article 6.05(c); and (ii) annually, a list of policies in force covering the insured property forming part of the Project, together with confirmation of payment of the current premiums.
AutoNDA by SimpleDocs
Information concerning the Project. (a) The Parent (and, upon request of the Bank, the relevant Borrower) shall deliver to the Bank: (i) the information in content and in form, and at the times, specified in Schedule A.2 or otherwise as agreed from time to time by the parties to this Contract; (ii) any such information or further document concerning the Project as the Bank may reasonably require to comply with its obligations under the EFSI Regulation; and (iii) any such information or further document concerning the financing, procurement, implementation, operation and environmental matters of or for the Project as the Bank may reasonably require within a reasonable time, provided always that if such information or document is not delivered to the Bank on time, and the Parent (and, upon request of the Bank, the relevant Borrower) does not rectify the omission within a reasonable time set by the Bank in writing, the Bank may remedy the deficiency, to the extent feasible, by employing its own staff or a consultant or any other third party, at the Parent's expense and the Borrowers shall provide such persons with all assistance necessary for the purpose; (b) The Borrowers shall submit for the approval of the Bank without delay any material change to the Project, also taking into account the disclosures made to the Bank in connection with the Project prior to the signing of this Contract, in respect of, inter alia, the price, design, plans, timetable or to the expenditure programme or financing plan for the Project; (c) The Borrowers shall promptly inform the Bank of: (i) any action or protest initiated or any objection raised by any third party or any genuine complaint received by any Borrower or any Environmental Claim that is to its knowledge commenced, pending or threatened against it with regard to environmental or other matters affecting the Project; (ii) any fact or event known to any Borrower, which may substantially prejudice or affect the conditions of execution or operation of the Project; (iii) a genuine allegation, complaint or information with regard to Illegal Activities related to the Loan and/or the Project; (iv) any non-compliance by it with any applicable Environmental Law; and (v) any suspension, revocation or modification of any Environmental Approval, and set out the action to be taken with respect to such matters. (d) The Borrowers shall provide to the Bank, if so requested: (i) a certificate of its insurers showing fulfilment of the requirements of Article 6.05(c); and (...
Information concerning the Project furnish the Facility Agent promptly with the information specified in clauses 14.2.5 and 14.2.6 of the Deed of Proceeds and Priorities in accordance with the terms thereof;
Information concerning the Project. The Borrower shall:
Information concerning the Project. The Borrower shall: (a) deliver to the Bank:
Information concerning the Project. The Borrower shall: (i) deliver to the Guarantor: • every six months, and until the Project is completed, a report on the implementation of the Project in the form required to be provided to the Bank pursuant to Article 8.01 (a) of the Finance Contract; • three months after the completion of the Project, a project completion report; • every year, and until the Loan is repaid or any amounts remain due to the Guarantor under this Counter Indemnity Agreement, annual reports on the operation of the network, including information on the number of subscribers, acquisition costs, churn and average recurring revenue per user in the form required to be provided to the Bank pursuant to Article 8.01(a) of the Finance Contract; and • from time to time, any such further document or information concerning the financing, implementation and operation of the Project as the Guarantor may reasonably require; (ii) submit for the approval of the Guarantor, such approval not to be unreasonably withheld or delayed, without delay any material change to the general plans, timetable, financing or expenditure programme for the Project as the Guarantor may reasonably require; (iii) inform the Guarantor in good time of any situation which requires the consent of the Guarantor under Clause 5; and (iv) if requested, provide to the Guarantor a certificate of its insurers showing that its property is insured in a manner and for a value consistent with applicable general practice for similar companies in the mobile telecommunications business in Brazil; (v) inform the Guarantor immediately of any breach, or the allegation of any breach, under any agreement, contract, permit or licence material to the Borrower’s business (including the Concession) relating to the Project; and (vi) generally inform the Guarantor of any fact or event known to the Borrower which might substantially prejudice or affect the conditions of execution or operation of the Project.
Information concerning the Project. The Borrower shall furnish the Facility Agent promptly (or on a monthly basis where so indicated) with: (a) on a monthly basis until Final Acceptance, up to date progress reports with respect to the construction of the Vessel and the Mooring which shall include the projected Project Costs, details of any Cost Overrun, shortfall in funding to achieve Final Acceptance or forecast delay in achieving Delivery by the Last Availability Date and a statement from the Borrower in respect of the construction of the Downstream Pipeline (as defined in the Charter) and/or the Project; (b) after the Guarantee Release Date, annual progress reports with respect of the operation of the Vessel and the Project; (c) information relating to (i) any material amendments to or proposed amendments to the Vessel and Mooring Specifications and (ii) details of any material changes to the design, construction or operation of the Vessel and/or the Mooring prior to carrying out or agreeing such changes and (iii) details of any Permitted Amendments to the Material Project Agreements and the Shareholders Agreement and, to the extent available to the Borrower, the EPCIC Contract that have not previously been provided; (d) on a monthly basis in respect of the previous month (i) details of any fines levied and charges made by the Charterer pursuant to the Charter (including the amount of each such fine and, to the extent available to the Borrower, the basis on which the fine was levied) and (ii) details of any other Total Charter Rate reduction event incurred which results in a reduction in Total Charter Rate and (iii) details of any period of off hire incurred which results in a suspension of the obligation to pay any Total Charter Rate or the amount by which the anticipated Total Charter Rate for that period has been reduced; (e) notice of any party having begun any arbitration proceedings under any Project Agreement to which it is party, the conclusion of the arbitration and the terms of any award in such arbitration; (f) information in relation to any proposed dry docking of the Vessel including the proposed date of any dry docking and the period for which it is expected that the Vessel will be suspended or in dry dock; (g) copies of any material notices received by or on behalf of the Borrower or issued by or on behalf of the Borrower under any of the Material Project Agreements and which have not previously been provided; and (h) such information that the Borrower is aware of concernin...
AutoNDA by SimpleDocs
Information concerning the Project. The Promoter shall: (a) deliver to the Bank: […]
Information concerning the Project. The Borrower shall furnish the Lender promptly (or on a monthly basis where so indicated) with: (a) on a quarterly basis until Delivery, up to date progress reports with respect to the Conversion of the Vessel which shall include the projected Project Costs, details of any Cost Overruns, shortfall in funding to achieve Final Acceptance or forecast delay in regard to the occurrence of the Scheduled Commissioning Start Date by the Last Availability Date; (b) information relating to (i) any material amendments to or proposed amendments to the Specifications, (ii) details of any material changes to the design, construction or operation of the Vessel prior to carrying out or agreeing such changes and (iii) details of any Permitted Amendments; (c) notice of any party having begun any dispute resolution proceedings under any Project Document to which it is party, the conclusion of and the terms of any award in such proceedings; (d) notice upon immediately becoming aware of any material dispute with any party under any Project Document, a material dispute being a dispute which if it is adversely determined, might have a Material Adverse Effect; (e) notice upon immediately becoming aware that a party is entitled to terminate any Project Document; (f) copies of any material notices received by or on behalf of the Borrower or issued by or on behalf of the Borrower under any of the Project Documents and which have not previously been provided; and (g) such information that the Borrower is aware of concerning the Project or any Project Documents that deviates from the requirements stipulated in the Bareboat Charter and/or the Acceptable Sub-Charter and which might reasonably be expected to have a Material Adverse Effect and any remedial action proposed by the Borrower to eliminate or reduce the extent of any such deviation.
Information concerning the Project. THE BORROWERS shall: (a) deliver to THE BANK: (i) on the date falling six months after completion of the Project a report detailing how completion was effected and including a summary of works carried out and their respective costs. (ii) from time to time, any such further documents or information concerning the progress, financing and operation of the Project as THE BANK may reasonably require; (b) ensure that its accounting records clearly show its operations relating to the financing and execution of the Project; (c) submit for the approval of THE BANK without delay any material change to the plans, timetable or financing requirements for the Project as previously disclosed to THE BANK; and (d) generally, inform THE BANK of any fact or event which might substantially prejudice or affect the conditions of execution or operation of the Project.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!