K-sure Policy Sample Clauses
K-sure Policy. The Borrower will, promptly after request by the K-sure Agent, promptly supply to the K-sure Agent copies of all financial or other information reasonably required by K-sure to satisfy any request for information made by K-sure pursuant to the K-sure Policy, except to the extent that such disclosure of such information would breach contract to which it is a party, any law, regulation or stock exchange requirement or listing rule.
K-sure Policy. (a) To the best of its knowledge, no Obligor has done, or omitted to do anything, and no event or circumstance has occurred, which has made, or could make, the K-sure Policy void or voidable.
(b) No Obligor has received any valid notification that the liability of K-sure or the government of Korea under the K-sure Policy has been reduced or avoided.
K-sure Policy. (a) Evidence acceptable to the Agents that the K-sure Policy:
(iii) has been issued;
(iv) is in full force and effect; and
(v) that the K-sure Premium has been or will, on the first Utilisation Date, be paid in full either by way of Sponsor Funding or from the proceeds of the first FSRU Tranche Loan to be advanced to the Borrower and the K-sure Agent has not received notice or, following request, any confirmation from K-sure that the K-sure Policy:
(A) has been terminated;
(B) has been breached; or
(C) is the subject of any arbitration or legal proceedings.
K-sure Policy. (a) The Borrower shall take all action reasonably requested by the K-sure Agent or the Facility Agent to avert any risk covered by the K-sure Policy.
(b) The Borrower shall not take any action or omit to take any action which would:
(i) result in the restriction, reservation, annulment or termination of the K-sure Policy; or
(ii) give rise to an exclusion or defence to payment by K-sure applicable to an insured loss under the K-sure Policy.
(c) The Borrower shall not waive any right, claim or cause of action or other remedy or accept any offer of compensation in respect of an insured loss under the K-sure Policy.
(d) The Borrower agrees that, in the event that the Security Agent has filed or intends to file a claim for payment under K-sure Policy, the Borrower shall:
(i) use its best efforts to assist in filing a claim for compensation, indemnity or reimbursement in respect of any loss;
(ii) use its best efforts to co-operate in good faith with the Security Agent and K-sure with respect to any verification of claim, eligibility or amount by any such person (including but not limited to providing evidence, documentation, information, certificates and other forms of proof reasonably requested in connection therewith).
K-sure Policy. Evidence acceptable to the Agents that the K-sure Policy: