Common use of Monitor Clause in Contracts

Monitor. Section 1.1 For so long as Citigroup Inc. or any of its affiliates (“Citigroup”) remains the ultimate controlling company of FRAC, PLICC shall allow FRAC and any reasonable number of counsel, financial advisors, accountants, actuaries and other representatives of FRAC, reasonable access, upon reasonable advance notice and during normal business hours to the facilities, documents, information, auditors, actuaries, outside advisors and relevant personnel of PLICC related to the management, administration and financial performance of the Reinsured Policies and Covered Liabilities. Such individual (or individuals) representing FRAC shall be referred to herein as a “Monitor”. FRAC shall ensure that a Monitor, in performing his or her duties, shall not disrupt the normal operations of PLICC in any material respect. Notwithstanding the foregoing or any other provision of this Agreement, PLICC shall not be obligated to provide such access to any facilities, documents, information, auditors, actuaries, outside advisors and relevant personnel of PLICC to the extent that doing so would violate applicable law or jeopardize the protection of an attorney-client privilege; provided that, in either circumstance, the parties will cooperate in good faith to determine a manner in which information can be shared so as to not violate applicable law or jeopardize the protection of an attorney-client privilege, as applicable.

Monitor. Section 1.1 For so long as Citigroup Inc. or any of its affiliates (“Citigroup”) remains the ultimate controlling company of FRACPrime Re, PLICC PLIC shall allow FRAC Prime Re and any reasonable number of counsel, financial advisors, accountants, actuaries and other representatives of FRACPrime Re, reasonable access, upon reasonable advance notice and during normal business hours to the facilities, documents, information, auditors, actuaries, outside advisors and relevant personnel of PLICC PLIC related to the management, administration and financial performance of the Reinsured Policies and Covered Liabilities. Such individual (or individuals) representing FRAC Prime Re shall be referred to herein as a “Monitor”. FRAC Prime Re shall ensure that a Monitor, in performing his or her duties, shall not disrupt the normal operations of PLICC PLIC in any material respect. Notwithstanding the foregoing or any other provision of this Agreement, PLICC PLIC shall not be obligated to provide such access to any facilities, documents, information, auditors, actuaries, outside advisors and relevant personnel of PLICC PLIC to the extent that doing so would violate applicable law or jeopardize the protection of an attorney-client privilege; provided that, in either circumstance, the parties will cooperate in good faith to determine a manner in which information can be shared so as to not violate applicable law or jeopardize the protection of an attorney-client privilege, as applicable.

Monitor. Section 1.1 For so long as Citigroup Inc. or any of its affiliates (“Citigroup”) remains the ultimate controlling company of FRACPrime Re, PLICC PLIC shall allow FRAC Prime Re and any reasonable number of counsel, financial advisors, accountants, actuaries and other representatives of FRACPrime Re, reasonable access, upon reasonable advance notice and during normal business hours to the facilities, documents, information, auditors, actuaries, outside advisors and relevant personnel of PLICC PLIC related to the management, administration and financial performance of the Reinsured Policies and Covered Liabilities. Such individual (or individuals) representing FRAC Prime Re shall be referred to herein as a “Monitor”. FRAC Prime Re shall ensure that a Monitor, in performing his or her 1 Substantially similar agreements will be entered into for the NBLIC and PLICC reinsurance transactions. duties, shall not disrupt the normal operations of PLICC PLIC in any material respect. Notwithstanding the foregoing or any other provision of this Agreement, PLICC PLIC shall not be obligated to provide such access to any facilities, documents, information, auditors, actuaries, outside advisors and relevant personnel of PLICC PLIC to the extent that doing so would violate applicable law or jeopardize the protection of an attorney-client privilege; provided that, in either circumstance, the parties will cooperate in good faith to determine a manner in which information can be shared so as to not violate applicable law or jeopardize the protection of an attorney-client privilege, as applicable.