Insurance Advisor. A written report of Sedgxxxx Xxxxx xx New Jersey, Inc., the Independent Insurance Advisor, dated on or prior to the Closing Date, as to the adequacy of the insurance program of the Company and its Subsidiaries and confirming compliance thereof with the insurance requirements under Section 8.01.
Insurance Advisor. The Borrower shall indemnify the Agent on demand for all costs and expenses incurred by the Agent in retaining an insurance advisor to review and advise on the Insurances on or prior to the Delivery Date as contemplated by Schedule I, Part I, 2(c) (Conditions precedent) and at any other time during the Facility Period.
Insurance Advisor. The Majority Secured Parties shall have the right to appoint an Insurance Advisor, subject, so long as no Default has occurred and is continuing, to the prior approval by the Borrower (which approval may not be unreasonably withheld), of the identity of such consultant and the terms of its appointment, including fee arrangements and the scope of its work, provided that in the event that the Borrower has not objected to such appointment within 10 days of notification, such appointment shall become final and effective at the expiration of such 10-day period. The Borrower shall pay or reimburse the Secured Parties for the reasonable and documented fees and expenses of the Insurance Advisor in connection with (i) any request by the Borrower for a waiver of, or amendment to, the requirements of the Schedule of Minimum Insurance Requirements, (ii) review of information provided by the Borrower to the Collateral Agent under Sections 5.05 and 5.06, (iii) initial review of information, insurance plan and schedules in connection with the negotiation of the documentation and the closing of the Senior Loan Facilities, and (iv) the review of such renewal and replacement policies of insurance and reinsurance and other insurance documents relating to the Project as may be reasonably requested at any time by the Majority Secured Parties.
Insurance Advisor
