Common use of destruction of Secured Property Clause in Contracts

destruction of Secured Property. all or a material part of its Secured Property is destroyed, lost or damaged beyond repair or proves to be materially defective in circumstances not covered fully by any insurance in favour of a Transaction Party;

Appears in 3 contracts

Samples: Project Facility Agreement (Apollo Gold Corp), Project Facility Agreement (Apollo Gold Corp), Bridge Facility Agreement (Apollo Gold Corp)

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destruction of Secured Property. all or a material part of its the Secured Property is destroyed, lost or damaged beyond repair or proves to be materially defective in circumstances not covered fully by any insurance in favour of a Transaction Party;

Appears in 2 contracts

Samples: Neutron Energy Facility Extension (Neutron Energy, Inc.), Facility Agreement (Neutron Energy, Inc.)

destruction of Secured Property. all or a any material part of its the Secured Property is destroyed, lost or damaged beyond repair or proves to be materially defective in circumstances not fully covered fully by any insurance in favour of a Transaction Partyinsurance;

Appears in 1 contract

Samples: Term Facility Agreement (Paringa Resources LTD)

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destruction of Secured Property. all or a material part of its Secured Property the property of a Transaction Party is destroyed, lost or damaged beyond repair or proves to be materially defective in circumstances not covered fully by any insurance in favour of a Transaction Party;

Appears in 1 contract

Samples: Facility Agreement (Bullfrog Gold Corp.)

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