Common use of Data System Clause in Contracts

Data System. The Borrower shall, within 21 days of a request from the Agent (following consultation with the Insurance Adviser): 9.1 procure that an information storage and retrieval system ("DATA SYSTEM") is established; 9.2 notify the Contractors' all risks, advance loss of revenue, material damage and loss of revenue insurers in writing within 7 days of the establishment and existence of the Data System; 9.3 deposit in the Data System: (i) no later than the 15th day after the date thereof, a copy of any variation or amendment to any Project Document the non-disclosure of which would reasonably be expected to have an adverse effect on the nature or extent of the cover to be provided under any of the Insurances and a copy of any additional Project Document entered into after the date hereof; (ii) contemporaneously with the delivery to the Agent, copies of any information delivered pursuant to Clauses 19.15, 19.16, 19.17, 19.18 and 19.19 of the Agreement; 9.4 contemporaneously deliver (through the Borrower's insurance broker) to the lead insurers on the Contractors' all-risks, advance loss of revenue, material damage and loss of revenue policies copies of the documents deposited in the Data System pursuant to Clause 9.3 above; 9.5 no later than the 15th business day after delivery of any document to the lead insurers under Clause 9.4 above, provide the Insurance Adviser with evidence of the insurers' acknowledgement of receipt thereof.