Claim Handling. The Borrower will (a) diligently pursue any valid claim under any insurance, (b) promptly notify the Security Agent and the insurers of any matter for which it may be entitled to a claim under any insurance, (c) keep the Security Agent informed on a regular basis regarding progress towards settling any such claim, (d) take account of any representations made by the Security Agent in relation to any such claim, and (e) not negotiate, compromise or settle any claims with a potential value in excess of EUR 5 million without the written consent of the Security Agent, such consent not to be reasonably withheld or delayed.
Appears in 7 contracts
Samples: Project Financing Facility Agreement, Project Financing Facility Agreement (Mercer International Inc.), Project Financing Agreement (Mercer International Inc.)
