Common use of Disasters Clause in Contracts

Disasters. 8.01 (a) If, after the Effective Date an event or series of related events occurs that the Affected Producer reasonably believes has or have caused a Disaster at a Mine, the Affected Producer shall, as soon as practicable, give notice of such event(s) (an “Owner Disaster Notice”) to the other Producers and contemporaneously to Canpotex. It is acknowledged that if such an event or series of related events occurs but no Owner Disaster Notice is given, any of the other Producers that reasonably believe such event(s) has or have caused a Disaster shall be entitled to give notice of such event(s) (a “Non-Owner Disaster Notice”) simultaneously to Canpotex, the Affected Producer and all other Producers.

Appears in 3 contracts

Samples: Shareholders’ Agreement, Shareholders’ Agreement (Potash Corp of Saskatchewan Inc), Producer Agreement (Potash Corp of Saskatchewan Inc)

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Disasters. 8.01 5.01 (a) If, If after the Effective Date an event or series of related events occurs that the Affected Producer reasonably believes has or have caused a Disaster at a Mine, the Affected Producer shall, as soon as practicable, give notice of such event(s) (an "Owner Disaster Notice") to the other Producers and contemporaneously to Canpotex. It is acknowledged that if If such an event or series of related events occurs but no Owner Disaster Notice is given, any of the other Producers that reasonably believe believes that such event(s) has or have caused a Disaster shall be entitled to give notice of such event(s) (a "Non-Owner Disaster Notice") simultaneously to Canpotex, all of the Affected Producer and all other Producersparties hereto.

Appears in 1 contract

Samples: Canpotex Producer Agreement Amending Agreement (Potash Corporation of Saskatchewan Inc)

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