Common use of Implementation of Recommendations Clause in Contracts

Implementation of Recommendations. (a) The Alliance Board must, as soon as reasonably practicable after a review, notify any recommendations for changes to the insurances to the relevant Participant. (b) The relevant Participant must, within 10 Business Days of receiving notice from the Alliance Board, commence negotiations with its underwriters in an attempt to amend the insurances to reflect the recommendations of the Alliance Board. (c) The relevant Participant must promptly notify the Alliance Board if it is unable to, or it becomes apparent that it will be unable to, comply with the recommendations of the Alliance Board. (d) The Alliance Board must decide what action, if any, is to be taken following receipt of this notification. (e) The Alliance Board must decide whether any cost incurred by a Participant in complying with a recommendation made under this clause is a Direct Cost and whether any change is required to the Direct Cost Target.