Political Risk Insurance. As used herein, "Political Risk Insurance" shall mean a policy of insurance issued by National Union Fire Insurance Company of Pittsburgh, PA ("Insurance Company") which insures Lessee and Lessor (or Lessor's assignee) against risks of expropriation or deprivation of the Equipment by the government of the United Mexican States ("Political Loss") as set forth in such policy of insurance. Xxxxxx acknowledges that it has reviewed a copy of the Political Risk Insurance policy.
Political Risk Insurance. The Company shall maintain or cause to be maintained with OPIC and AIG (or any other responsible insurance carrier reasonably acceptable to the Creditor) Political Risk Insurance in the amounts set forth on Schedule 8.07(b) hereto. The Company shall pay all costs and premiums in connection with the Political Risk Insurance.
Political Risk Insurance. (a) The Borrower will, on demand, reimburse each Lender in respect of premiums and any other amounts (including any costs and expenses of the provider of any Political Risk Insurance) payable in connection with any policy of Political Risk Insurance implemented pursuant to this Agreement (including any such premium or other amounts payable on or after the date of prepayment of the Loans or on or after the date of termination of this Agreement).
(b) Each Obligor hereby acknowledges and agrees that each Lender may furnish copies of all Instruments (including the Operative Documents), documents, notices and other information furnished to and received by such Lender pursuant to this Agreement or any other Loan Document to the provider of the Political Risk Insurance taken out by such Lender against receipt from such provider of a confidentiality undertaking reasonably acceptable to the Borrower.
(c) Each Obligor will (and each Randgold Completion Guarantor will ensure that the Borrower and each of its affiliates will) render all necessary assistance to each Lender in connection with the maintenance of any Political Risk Insurance (and full coverage thereunder) and the collection of any claim thereunder.
(d) Each Obligor shall (and each Randgold Completion Guarantor will ensure that the Borrower and each of its affiliates shall) act in a manner so as to ensure that an exclusion from liability in respect of any claim of any Lender under any policy of Political Risk Insurance does not arise as a result of any action or any inaction of any Obligor or any affiliate of either thereof. Without limiting the generality of the foregoing, no Obligor will (and each Randgold Completion Guarantor will ensure that neither the Borrower nor any of its affiliates will):
(i) provoke or instigate any loss covered by such policy;
(ii) without the prior written consent of the relevant Lender, accept compensation from Mali or any Governmental Agency thereof in respect of any loss covered by such policy; or
(iii) in the case of the Borrower only, employ its assets for any purpose not associated with the Morila Project.
(e) Each Obligor will ensure at all times that neither Mali nor any Governmental Agency thereof has any ownership or other interest in any Project Assets (excluding, however, any royalty payment to Mali disclosed in Item 9 ("ROYALTY AGREEMENTS") of the Disclosure Schedule and the ownership by the Government of Mali of twenty (20%) of the issued share capital of the Bor...
Political Risk Insurance. The Issuer shall observe and comply with all the terms and provisions of each Required Political Risk Policy to be observed or performed by it.
Political Risk Insurance. If EME or any of its Affiliates have purchased or otherwise possess any Political Risk Insurance Policies covering any Project, subject to Law and the regulations and practices of any applicable Governmental Authority, EME shall use its Commercially Reasonable Efforts to cause the Political Risk Insurance Policies to be assigned to the Purchaser or any Purchaser Designee or to cause the Purchaser or any Purchaser Designee to be named as an additional insured thereunder effective as of the Closing Date, such Commercially Reasonable Efforts to include assisting the Purchaser in discussions with the Overseas Private Investment Corporation relating to such Political Risk Insurance Policies. If the Political Risk Insurance Policies are terminated because, notwithstanding EME's compliance with its obligations under this Section 6.18, those policies cannot be assigned to the Purchaser or any Purchaser Designee, then any termination costs associated therewith (net of any refunds or other returned amounts) shall be EME's sole responsibility and EME shall indemnify the Purchaser Parties and the Acquired Companies against any such cost, it being understood that such amounts shall not include the cost of any loss of insurance or any replacement insurance policies.
Political Risk Insurance. The Administrative Agent shall have received a commitment for political risk insurance in connection with the Network in compliance with Section 5.14;
Political Risk Insurance. The Company and its Subsidiaries shall maintain with financially sound and reputable insurers insurance related to political risk, to the extent, in the amounts and with deductibles at least as favorable as those maintained by the Company and its Subsidiaries on the Closing Date, so long as such insurance is available at a commercially reasonable cost; provided, however, that if the Independent Director or the Special Director (each as defined in the Investor Rights Agreement) consents in writing to the cancellation of such insurance, then the Company and its Subsidiaries shall not be required to maintain such insurance.
Political Risk Insurance. The Lessee shall, as agent for the Lessor, procure or cause to be procured and maintain or cause to be maintained in respect of Property or Equipment not located in the United States, for the Lessor, with the Multilateral Investment Guaranty Agency, the American International Group, or such other insurance company as shall be reasonably acceptable to the Lessor and any Assignee, a policy of political risk insurance covering (i) transfer restrictions, (ii) expropriation and (iii) to the extent reasonably available from public or private market insurers or any combination thereof, war and civil disturbance, provided that in no event shall the amount of such political risk insurance in respect of the Ammonia Project be less than 20% of the Acquisition Cost of the Ammonia Project.
Political Risk Insurance. Evidence reasonably acceptable to Owner that the political risk insurance required by paragraph (d) of Section 10 of the Lease has been obtained.
Political Risk Insurance. (a) Each Lender shall have been named as a beneficiary (which term shall include a policy naming the Agent or the Arrangers as insured and the Lenders as co-insured) in respect of a policy of Political Risk Insurance complying with the definition of such term, such Political Risk Insurance shall be in full force and effect, and the Borrower shall have paid to the Agent all premiums due pursuant to such Political Risk Insurance with respect to the shorter of:
(i) the first twenty-four month period of coverage of such insurance; or
(ii) the period from the commencement of coverage of such insurance until 30 June, 2000.
(b) The Agent shall have received confirmation from the issuer of the Political Risk Insurance that the terms and conditions of this Agreement and the other Operative Documents are consistent with, and in compliance with, the requirements of the Political Risk Insurance with respect to the form, content and substance of the documentation relating to the financing of the Morila Project.
