Common use of Information on the project’s implementation Clause in Contracts

Information on the project’s implementation. The Borrowers shall deliver to the Bank the following information on project progress during implementation at the latest by the deadline indicated below. Project Progress Report: - A brief update on the Technical Description, explaining the reasons for significant changes vs. initial scope; - Update on implementation of each of the main project’s components; - Update on the cost of the project, explaining reasons for any possible cost variations vs. initial budgeted cost; - A description of any major issue with impact on the environment; - Update on the relevant demand trends and evolution for LivaNova’s business; - Any significant issue that has occurred and any significant risk that may affect the project’s operation; - Any legal action concerning the project that may be on-going. 30 June l 2018 Mid-term review

Appears in 1 contract

Sources: Finance Contract (LivaNova PLC)

Information on the project’s implementation. The Borrowers shall deliver to the Bank the following information on project progress during implementation at the latest by the deadline indicated below. Project Progress Report: Report - A brief update on the Technical Description, explaining the reasons for significant changes vs. initial scope; - Update on implementation the date of completion of each of the main project’s components, explaining reasons for any possible delay; - Update on the cost of the projectProject, explaining reasons for any possible cost variations vs. initial budgeted cost; - A description of any major issue with impact on the environment; - Update on the relevant demand trends and evolution for LivaNova’s business; - Any significant issue that has occurred and any significant risk that may affect the projectProject’s operation; - Any legal action concerning the project Project that may be on-going. 30 June l 31st March 2018 Mid-term reviewreview 0015274-0000214 BK:37209258.7 55

Appears in 1 contract

Sources: Finance Contract (Xylem Inc.)