Common use of Consultation Process Clause in Contracts

Consultation Process. (i) In the event the Trustees are required to consult with the TAC pursuant to Section 2.2(e) above or on other matters as provided herein, the Trustees shall provide the TAC with written advance notice of the matter under consideration, and with all relevant information concerning the matter as is reasonably practicable under the circumstances. The Trustees shall also provide the TAC with such reasonable access to the Trust Professionals and other experts retained by the PI Trust and its staff (if any) as the TAC may reasonably request during the time that the Trustees are considering such matter, and shall also provide the TAC the opportunity, at reasonable times and for reasonable periods of time, to discuss and comment on such matter with the Trustees. (ii) In determining when to take definitive action on any matter subject to the consultation procedures set forth in this Section 5.7(a), the Trustees shall take into consideration the time required for the TAC, if its members so wish, to engage and consult with its own independent financial or investment advisors as to such matter. In any event, the Trustees shall not take definitive action on any such matter until at least thirty (30) days after providing the TAC with the initial written notice that such matter is under consideration by the Trustees, unless such time period is waived by the TAC.

Consultation Process. (i) In the event the Trustees are Trustee is required to consult with the TAC FCR pursuant to Section 2.2(e) above or on any other matters as provided specified herein, the Trustees Trustee shall provide the TAC FCR with written advance notice of the matter under consideration, and with all relevant information concerning the matter as is reasonably practicable under the circumstances. The Trustees Trustee shall also provide the TAC FCR with such reasonable access to the Trust Professionals and other experts retained by the PI PSAN PI/WD Trust and its staff (if any) as the TAC FCR may reasonably request during the time that the Trustees are Trustee is considering such matter, and shall also provide the TAC FCR the opportunity, at reasonable times and for reasonable periods of time, to discuss and comment on such matter with the TrusteesTrustee. (ii) In determining when to take definitive action on any matter subject to the consultation procedures process set forth in this Section 5.7(a7.6(a), the Trustees Trustee shall take into consideration the time required for the TACFCR, if its members he or she so wishwishes, to engage and consult with its his or her own independent financial or investment advisors as to such matter. In any event, the Trustees Trustee shall not take definitive action on any such matter until at least thirty (30) days after providing the TAC FCR with the initial written notice that such matter is under consideration by the TrusteesTrustee, unless such time period is waived in writing by the TACFCR or at a meeting where the FCR and Trustee are present.

Consultation Process. (i) In the event the Trustees are required to consult with the TAC and FCR pursuant to Section 2.2(e) above above, the TDP, the Plan, or on other matters as provided hereinotherwise, the Trustees shall provide the TAC and FCR with written advance notice of the matter under consideration, and with all relevant information concerning the matter as is reasonably practicable under the circumstances. The Trustees shall also provide the TAC and FCR with such reasonable access to the Trust Professionals and other experts retained by the PI Talc Trust and its staff (if any) as the TAC and FCR may reasonably request during the time that the Trustees are considering such matter, and shall also provide the TAC and FCR the opportunity, at reasonable times and for reasonable periods of time, to discuss and comment on such matter with the Trustees. (ii) In determining when to take definitive action on any matter subject to the consultation procedures process set forth in this Section 5.7(a7.1(a), the Trustees shall take into consideration the time required for the TACTAC and FCR, if its members they so wish, to engage and consult with its their own independent financial or investment advisors as to such matter. In any event, the Trustees shall not take definitive action on any such matter until at least thirty (30) days after providing the TAC and FCR with the initial written notice that such matter is under consideration by the Trustees, unless such time period is waived by the TACTAC and FCR.

Consultation Process. (i) In the event the Trustees are Trustee is required to consult with the TAC pursuant to Section 2.2(e) above or on other matters as provided herein, the Trustees Trustee shall provide the TAC with written advance notice of the matter under consideration, and with all relevant information concerning the matter as is reasonably practicable under the circumstances. The Trustees Trustee shall also provide the TAC with such reasonable access to the Trust Professionals and other experts retained by the PI PSAN PI/WD Trust and its staff (if any) as the TAC may 10 [Discussions ongoing regarding potentially paying TAC expenses provided for in Sections 5.5 and 5.6 out of the corpus of the Trust]. reasonably request during the time that the Trustees are Trustee is considering such matter, and shall also provide the TAC the opportunity, at reasonable times and for reasonable periods of time, to discuss and comment on such matter with the TrusteesTrustee. (ii) In determining when to take definitive action on any matter subject to the consultation procedures set forth in this Section 5.7(a), the Trustees Trustee shall take into consideration the time required for the TAC, if its members so wish, to engage and consult with its own independent financial or investment advisors as to such matter. In any event, the Trustees Trustee shall not take definitive action on any such matter until at least thirty (30) days after providing the TAC with the initial written notice that such matter is under consideration by the TrusteesTrustee, unless such time period is waived in writing by the TACTAC or at a meeting where the TAC and Trustee are present.

Consultation Process. (i) In the event the Trustees are required to consult with the TAC pursuant to Section 2.2(e) above or on other matters as provided herein, the Trustees shall provide the TAC with written advance notice of the matter under consideration, and with all relevant information concerning the matter as is reasonably practicable under the circumstances. The Trustees shall also provide the TAC with such reasonable access to the Trust Professionals and other experts retained by the PI Trust and its staff (if any) as the TAC may reasonably request during the time that the Trustees are considering such matter, and shall also provide the TAC the opportunity, at reasonable times and for reasonable periods of time, to discuss and comment on such matter with the Trustees. (ii) In determining when to take definitive action on any matter subject to the consultation procedures set forth in this Section 5.7(a), the Trustees shall take into consideration the time required for the TAC, if its members so wish, to engage and consult with its own independent financial or investment advisors as to such matter. In any event, the Trustees shall not take definitive action on any such matter until at least thirty (30) days after providing the TAC with the initial written notice that such matter is under consideration by the Trustees, unless such time period is waived by the TAC.

Consultation Process. (i) In the event the Trustees are Trustee is required to consult with the TAC FCR pursuant to Section 2.2(e) above above, the TDP, the Plan, or on any other matters as provided specified herein, the Trustees Trustee shall provide the TAC FCR with written advance notice of the matter under consideration, and with all relevant information concerning the matter as is reasonably practicable under the circumstances. The Trustees Trustee shall also provide the TAC FCR with such reasonable access to the Trust Professionals and other experts retained by the PI Asbestos Trust and its staff (if any) as the TAC FCR may reasonably request during the time that the Trustees are Trustee is considering such matter, and shall also provide the TAC FCR the opportunity, at reasonable times and for reasonable periods of time, to discuss and comment on such matter with the TrusteesTrustee. (ii) In determining when to take definitive action on any matter subject to the consultation procedures process set forth in this Section 5.7(a6.6(a), the Trustees Trustee shall take into consideration the time required for the TACFCR, if its members he or she so wishwishes, to engage and consult with its his or her own independent financial counsel or investment advisors as to such matter. In any event, the Trustees Trustee shall not take definitive action on any such matter which is subject to the consultation process set forth in this Section 6.6(a) until at least thirty (30) days after providing the TAC FCR with the initial written notice that such matter is under consideration by the TrusteesTrustee, unless such time period is waived by the TACFCR.

Consultation Process. (i) In the event the Trustees are Trustee is required to consult with the TAC pursuant to Section 2.2(e) above above, the TDP, the Plan, or on other matters as provided herein, the Trustees Trustee shall provide the TAC with written advance notice of the matter under consideration, and with all relevant information concerning the matter as is reasonably practicable under the circumstances. The Trustees Trustee shall also provide the TAC with such reasonable access to the Trust Professionals and other experts retained by the PI Asbestos Trust and its staff (if any) as the TAC may reasonably request during the time that the Trustees are Trustee is considering such matter, and shall also provide the TAC the opportunity, at reasonable times and for reasonable periods of time, to discuss and comment on such matter with the TrusteesTrustee. (ii) In determining when to take definitive action on any matter subject to the consultation procedures set forth in this Section 5.7(a), the Trustees Trustee shall take into consideration the time required for the TAC, if its members so wish, to engage and consult with its own independent financial counsel or investment advisors as to such matter. In any event, the Trustees Trustee shall not take definitive action on any such matter which is subject to the consultation procedures set forth in this Section 5.7(a) until at least thirty (30) days after providing the TAC with the initial written notice that such matter is under consideration by the TrusteesTrustee, unless such time period is waived by the TAC.

Consultation Process. (i) In the event the Trustees are required to consult with the TAC Future Claimants’ Representative pursuant to Section 2.2(e) above or on any other matters as provided specified herein, the Trustees shall provide the TAC Future Claimants’ Representative with written advance notice of the matter under consideration, and with all relevant information concerning the matter as is reasonably practicable under the circumstances. The Trustees shall also provide the TAC Future Claimants’ Representative with such reasonable access to the Trust Professionals and other experts retained by the PI Trust and its staff (if any) as the TAC Future Claimants’ Representative may reasonably request during the time that the Trustees are considering such matter, and shall also provide the TAC Future Claimants’ Representative the opportunity, at reasonable times and for reasonable periods of time, to discuss and comment on such matter with the Trustees. (ii) In determining when to take definitive action on any matter subject to the consultation procedures process set forth in this Section 5.7(a6.6(a), the Trustees shall take into consideration the time required for the TACFuture Claimants’ Representative, if its members he or she so wishwishes, to engage and consult with its his or her own independent financial or investment advisors as to such matter. In any event, the Trustees shall not take definitive action on any such matter until at least thirty (30) days after providing the TAC Future Claimants’ Representative with the initial written notice that such matter is under consideration by the Trustees, unless such time period is waived by the TACFuture Claimants’ Representative.