Common use of Modification of insurance requirements Clause in Contracts

Modification of insurance requirements. The Agent shall notify the Borrowers of any proposed modification under Clause 13.17 to the requirements of this Clause 13 which the Agent reasonably considers necessary in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrowers as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that the Borrowers shall have 20 days to comply with such requirements.

Modification of insurance requirements. The Agent shall notify the Borrowers of any proposed modification under Clause 13.17 13.18 to the requirements of this Clause 13 which the Agent reasonably considers necessary appropriate in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrowers relevant Borrower as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that the Borrowers shall have 20 days to comply with such requirementsBorrower accordingly.

Modification of insurance requirements. The Agent (acting on the instructions of the Majority Lenders) shall notify the Borrowers Borrower and the Owners of any proposed modification under Clause 13.17 13.18 to the requirements of this Clause 13 which the Agent reasonably considers necessary appropriate in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrowers Borrower and the Owners as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that Borrower and the Borrowers shall have 20 days to comply with such requirementsOwners accordingly.

Modification of insurance requirements. The Agent shall notify the Borrowers of any proposed modification under Clause 13.17 to the requirements of this Clause 13 which the Agent reasonably considers necessary in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrowers as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that the Borrowers shall have 20 days to comply with such requirements.

Modification of insurance requirements. The Agent shall notify the Borrowers of any proposed modification under Clause 13.17 13.18 to the requirements of this Clause 13 which the Agent Agent, may or, on instruction of the Majority Lenders, shall reasonably considers necessary consider appropriate, in the circumstancescircumstances and, after consultation and taking full account of the Borrower’s opinions, such modification shall take effect on and from the date it is notified in writing to the Borrowers as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that the Borrowers shall have 20 days to comply with such requirementsaccordingly.

Modification of insurance requirements. The Agent shall notify the Borrowers Borrower of any proposed modification under Clause 13.17 0 to the requirements of this Clause 13 which the Agent considers reasonably considers necessary in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrowers Borrower as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that the Borrowers shall have 20 days to comply with such requirementsBorrower accordingly.

Modification of insurance requirements. The Agent shall notify the Borrowers Owners (or any of them) of any proposed modification under Clause 13.17 13.16 to the requirements of this Clause 13 which the Agent considers reasonably considers necessary in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrowers Owners (or any of them) as an amendment to this Clause 13 and shall bind the Borrowers accordingly Provided that the Borrowers shall have 20 days to comply with such requirementsOwners accordingly.

Modification of insurance requirements. The Agent shall notify the Borrowers of any proposed modification under Clause 13.17 13.18 (Review of insurance requirements) to the requirements of this Clause 13 (Insurance) which the Agent Majority Lenders reasonably considers necessary consider appropriate in the circumstances, and such modification shall take effect without undue delay on and from the date it is notified in writing to the Borrowers as an amendment to this Clause 13 (Insurance) and shall bind the Borrowers accordingly Provided that the Borrowers shall have 20 days to comply with such requirementsaccordingly.