Common use of The Consultant Clause in Contracts

The Consultant. regularly monitors the credit ratings of the Consultant with the Rating Agencies and • promptly notifies (or shall procure that its auditors promptly notify) the Employer following the occurrence of a Financial Distress Event or any fact, circumstance or matter which could cause a Financial Distress Event and in any event, shall ensure that such notification is made within 14 days of the date on which the Consultant first becomes aware of the Financial Distress Event or the fact, circumstance or matter which could cause a Financial Distress Event.

The Consultant. ● regularly monitors the credit ratings of the Consultant with the Rating Agencies and • ● promptly notifies (or shall procure that its auditors promptly notify) the Employer Client and the Service Manager following the occurrence of a Financial Distress Event or any fact, circumstance or matter which could cause a Financial Distress Event and in any event, shall ensure that such notification is made within 14 days of the date on which the Consultant first becomes aware of the Financial Distress Event or the fact, circumstance or matter which could cause a Financial Distress Event.

The Consultant.  regularly monitors the credit ratings of the Consultant with the Rating Agencies and •  promptly notifies (or shall procure that its auditors promptly notify) the Employer Client following the occurrence of a Financial Distress Event or any fact, circumstance or matter which could cause a Financial Distress Event and in any event, shall ensure that such notification is made within 14 days of the date on which the Consultant first becomes aware of the Financial Distress Event or the fact, circumstance or matter which could cause a Financial Distress Event.

The Consultant. regularly monitors the credit ratings of the Consultant with the Rating Agencies and • promptly notifies (or shall procure that its auditors promptly notify) the Employer Client and the Service Manager following the occurrence of a Financial Distress Event or any fact, circumstance or matter which could cause a Financial Distress Event and in any event, shall ensure that such notification is made within 14 days of the date on which the Consultant first becomes aware of the Financial Distress Event or the fact, circumstance or matter which could cause a Financial Distress Event.