Insurance Consultant. The Borrower shall have executed and delivered or caused all relevant third parties to execute and deliver all documentation and authorizations necessary for the Insurance Consultant to communicate and receive verifications of coverage and obtain other information from the Issuing Insurance Companies related to the Subject Policies, as determined by the Administrative Agent in its sole and absolute discretion.
Insurance Consultant. Reports produced by the Insurance Consultant, in form and substance satisfactory to the Administrative Agent.
Insurance Consultant. The Borrower acknowledges that all policies of insurance shall be subject to review and approval by an insurance consultant acting on behalf of the Lender and the Borrower agrees to pay for the consultant’s fees in connection with such review.
Insurance Consultant. Kosmos and the Finance Parties hereby confirm the appointment of Xxxxx-XxXxxx, LLC as Insurance Consultant, upon the terms and subject to the conditions set out in the Insurance Consultant Appointment Letter.
Insurance Consultant. (i) With respect to any Material Project, delivery of the Insurance Consultant’s certificate with respect to such Project, in substantially the form of Exhibit I-3, confirming the Borrower’s substantial compliance with the minimum insurance requirements.
(ii) With respect to a Non-Material Project, delivery of the Insurance Consultant’s completed checklist with respect to such project, in substantially the form of Exhibit I-2.
Insurance Consultant. For purposes of this Agreement, the "Insurance Consultant" shall be Xxxxx McLennan USA, Inc. or such other replacement insurance consulting firm selected in accordance with this Section 10.1. Borrower or the Majority Banks may remove the Insurance Consultant in the event that such Insurance Consultant (a) ceases to be a insurance consulting firm of recognized international standing, (b) has become an Affiliate of NEG or (c) has developed a conflict of interest that reasonably calls into question such firm's capacity to exercise independent judgment. If the Insurance Consultant is removed or resigns and thereby ceases to act as Insurance Consultant for purposes of this Agreement, the Majority Banks and Borrower shall, within 30 days of such removal or resignation, jointly designate a replacement insurance consulting firm from the list contained in Exhibit N hereto and, thereafter, Administrative Agent shall promptly notify the Banks and the Lender Group Agents on behalf of their respective Lender Groups of such designation. At any time and from time to time, the Majority Banks shall have the right to add to Exhibit N hereto one or more independent insurance consulting firms and shall notify Borrower, the Banks and the Lender Group Agents on behalf of their respective Lender Groups of any such addition. Exhibit N hereto shall automatically be deemed amended to reflect such addition unless, within 30 days of such notification, Borrower notifies Administrative Agent that it objects, on the basis of the criteria set out in clauses (a) through (c) above for removal of the Insurance Consultant, to the firm or firms so added. At any time while the Obligations are outstanding, Administrative Agent, the Arrangers, the Banks and the Lender Group Members shall have the right, but shall not be obligated (other than as expressly provided herein or in the other Credit Documents), to consult with the Insurance Consultant on matters related to this Agreement or any other Credit Document. All reasonable fees and expenses of the Insurance Consultant (whether the original one or replacements) shall be paid by Borrower.
Insurance Consultant. The Lender may appoint an independent Insurance Consultant to advise the Lender regarding the adequacy of all insurance coverage related to the Project and to make recommendations in respect thereto; and
Insurance Consultant. (A) At the Restatement Date the firm of insurance consultants appointed as Insurance Consultant is Xxxxx Conseil which shall continue in office until the earlier of (i) its resignation or removal by the Agent in accordance with its terms of appointment and (ii) the Discharge Date. In the event of any Insurance Consultant resigning or being removed as aforesaid, any successor Insurance Consultant shall be appointed by the Agent acting on behalf of the Banks with terms of reference similar to those of the first Insurance Consultant.
(B) No party to any of the Financing Documents shall, in the absence of gross negligence or wilful misconduct (faute lourde ou dol) on its part, incur any liability to any other person on any account whatsoever in respect of any action taken or not taken by the Insurance Consultant.
Insurance Consultant. The Commission shall employ or cause to be employed for the benefit of the Trustee and the Commission an Insurance Consultant to review the insurance requirements relating to the Hotel from time to time (but not less frequently than once every 24 months). As of the Closing Date and thereafter not less than annually, the Commission shall cause the Insurance Consultant to provide a certificate to the Trustee certifying that the requirements of Section 7.16 are satisfied. The cost of such Insurance Consultant will be paid as an Operating Expense by the Manager from amounts on deposit in the Lockbox Fund. If the Insurance Consultant recommends increases in any of the coverages or modifications in any of the terms of such insurance requirements and the Commission approves such increases or modifications, the Commission shall obtain the approved increases or modifications, to the extent such insurance is available on commercially reasonable terms. Notwithstanding anything in this Section to the contrary, if the Insurance Consultant recommends any reduction in the insurance coverage required pursuant to paragraphs (i) through
