Extraordinary Loss Clause Samples
The Extraordinary Loss clause defines how losses that are unusual, unexpected, or outside the normal course of business are treated under an agreement. Typically, this clause specifies what constitutes an extraordinary loss, such as damages from natural disasters, acts of war, or other rare events, and may outline whether such losses are excluded from standard indemnification or insurance coverage. Its core practical function is to allocate risk by clarifying which party bears responsibility for extraordinary events, thereby preventing disputes over liability for unforeseen and exceptional losses.
Extraordinary Loss. 14 FDIC ..................................................................................... 14 FHLMC ..................................................................................... 14
Extraordinary Loss. Promptly notify Lender in writing of any event causing extraordinary loss or depreciation of the value of Obligor’s assets (whether or not insured) and the facts with respect thereto.
Extraordinary Loss. Promptly notify Secured Party in writing of any event (other than general market conditions) causing extraordinary loss or depreciation of the value of the Collateral and the facts with respect thereto.
Extraordinary Loss. Promptly notify Members United in writing within seven (7) business days of any event causing extraordinary loss or depreciation of the value of CUSO's assets (whether or not insured) and the facts with respect thereto.
Extraordinary Loss. Promptly notify ▇▇▇▇▇▇ in writing within seven (7) business days of any event causing extraordinary loss or depreciation of the value of Member’s assets (whether or not insured) and the facts with respect thereto.
Extraordinary Loss. Promptly notify Bank in writing of any event causing extraordinary loss or depreciation of the value of any of Borrower's or its Subsidiaries', if any, assets and the facts with respect thereto.
Extraordinary Loss. Promptly notify Lender in writing of any event causing extraordinary loss or depreciation of the value of Guarantor’s assets (whether or not insured) that constitutes a material adverse change in the financial condition of the Guarantor and will have a material adverse effect on the prospects of the Lender fully and punctually realizing the full benefits conferred on Lender by this Guaranty Agreement.
Extraordinary Loss. The occurrence of any event causing extraordinary loss or depreciation of the value of Borrower’s assets (whether or not insured) and the facts with respect thereto which could result in any material adverse change in the business, operations, prospects, properties or assets or in the condition, financial or otherwise, of Borrower.
Extraordinary Loss. 111,088 (3,490 (111,088)) (3,490) Net income (loss)...... $ 13,485 $ 36,664 $ 74,424 $(111,088) $ 13,485 ========= ======== ========= ========= ========== For the year ended December 31, 1999 Net operating revenues.. $ 100,344 $496,380 $ 941,538 $ (92,911) $1,445,351 Operating expenses...... 51,668 499,560 1,051,016 (92,911) 1,509,333 Operating loss......... 48,676 (3,180) (109,478) (63,982) Other income (loss)..... (514) (3,639) 2,258 (1,895) Debt expense............ 100,798 7,988 2,011 110,797 Minority interest expense................ (5,152) (5,152) Income taxes............ (10,132) 9,296 (33,734) (34,570) DaVita Inc.'s equity earnings in consolidated subsidiary............. (104,752) 104,752
Extraordinary Loss. Lenders hereby consent to allowing the amount of the Loss, to the extent deducted from revenues in determining Consolidated Net Income, to be added back when calculating Consolidated EBIT in each case where the financial results for the Third Quarter 2000