Common use of Claims Under Launch and Initial Operations Policies and Under In Orbit Policies Clause in Contracts

Claims Under Launch and Initial Operations Policies and Under In Orbit Policies. Borrower shall promptly and simultaneously notify the Lenders and Borrower’s insurance broker in writing of any loss covered by any insurance referred to in Section 5.05(b)(i) or Section 5.05(b)(ii) and, upon obtaining knowledge thereof, of any such potential loss and shall file a proof of loss with respect thereto with the insurers (with copies thereof sent simultaneously to the Lenders) as early as possible within the period allowed therefor in the related insurance policy (and in any event not later than the last date on which each proof of loss may be filed).

Claims Under Launch and Initial Operations Policies and Under In Orbit Policies. Borrower shall promptly and simultaneously notify the Lenders and Borrower’s insurance broker in writing of any loss in excess of $1,000,000 covered by any insurance referred to in Section 5.05(b)(i) or Section 5.05(b)(ii) and, upon obtaining knowledge thereof, of any such potential loss and shall file a proof of loss with respect thereto with the insurers (with copies thereof sent simultaneously to the Lenders) as early as possible within the period allowed therefor in the related insurance policy (and in any event not later than the last date on which each proof of loss may be filed).

Claims Under Launch and Initial Operations Policies and Under In Orbit Policies. Borrower shall promptly and simultaneously notify the Lenders and Borrower’’s insurance broker in writing of any loss covered by any insurance referred to in Section 5.05(b)(i) or Section 5.05(b)(ii) and, upon obtaining knowledge thereof, of any such potential loss and shall file a proof of loss with respect thereto with the insurers (with copies thereof sent simultaneously to the Lenders) as early as possible within the period allowed therefor in the related insurance policy (and in any event not later than the last date on which each proof of loss may be filed).

Claims Under Launch and Initial Operations Policies and Under In Orbit Policies. Borrower The Company shall promptly and simultaneously notify the Lenders Holders and Borrowerthe Company’s insurance broker in writing of any loss covered by any insurance referred to in Section 5.05(b)(i9.(1)(g)(ii)(A) or Section 5.05(b)(ii(B) and, upon obtaining knowledge thereof, of any such potential loss and shall file a proof of loss with respect thereto with the insurers (with copies thereof sent simultaneously to the LendersHolders) as early as possible within the period allowed therefor in the related insurance policy (and in any event not later than the last date on which each proof of loss may be filed).