Common use of THIRD-PARTY CONSULTANT Clause in Contracts

THIRD-PARTY CONSULTANT. Pay all fees and expenses of a third-party business consultant to be hired on or before February 15, 2000 in a manner acceptable to the Agent on behalf of the Lenders, the Senior Lease Creditor and Prudential, such consultant to be mutually acceptable to the Borrower, Agent and Lenders, to report to and be available for meetings with the Lenders, the Agent, the Senior Lease Creditor and Prudential and to have a scope of duties and cost structure to be agreed upon. Copies of any consultant reports will be delivered to the Borrower. In the event such consultant shall cease to be acceptable to the Agent and the Lenders or shall not be available for meetings or shall not deliver copies of such consultant reports as a result of its employment by or client relationship with Prudential, the Borrower agrees to pay all fees and expenses of an additional independent third-party consultant to be hired thereafter by the Agent on behalf of the Lenders and to have a scope of duties and cost structure to be agreed upon.

Appears in 1 contract

Sources: Credit Agreement (Cone Mills Corp)

THIRD-PARTY CONSULTANT. Pay all fees and expenses of a third-party ---------------------- business consultant to be hired on or before February 15, 2000 in a manner acceptable to the Agent on behalf of the Lenders, the Senior Lease Creditor and Prudential, such consultant to be mutually acceptable to the Borrower, Agent and Lenders, to report to and be available for meetings with the Lenders, the Agent, the Senior Lease Creditor and Prudential and to have a scope of duties and cost structure to be agreed upon. Copies of any consultant reports will be delivered to the Borrower. In the event such consultant shall cease to be acceptable to the Agent and the Lenders or shall not be available for meetings or shall not deliver copies of such consultant reports as a result of its employment by or client relationship with Prudential, the Borrower agrees to pay all fees and expenses of an additional independent third-party consultant to be hired thereafter by the Agent on behalf of the Lenders and to have a scope of duties and cost structure to be agreed upon.

Appears in 1 contract

Sources: Credit Agreement (Cone Mills Corp)