Common use of Loss Notification Clause in Contracts

Loss Notification. The Borrower shall promptly notify the Collateral Agent of any single loss or event likely to give rise to a claim against an insurer for an amount in excess of $1,000,000 covered by any insurance maintained pursuant to Sections (A)(4) and (5).

Appears in 1 contract

Samples: Credit Agreement (North Atlantic Energy Corp /Nh)

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Loss Notification. The Borrower shall promptly notify the Collateral Administrative Agent of any single loss or event reasonably likely to give rise to a claim against an insurer for an amount in excess of $1,000,000 10,000,000 covered by any insurance maintained pursuant to Sections (A)(4) and (5)policy after application of the deductible in the policy.

Appears in 1 contract

Samples: Consent and Agreement (Phelps Dodge Corp)

Loss Notification. The Borrower shall promptly notify the Collateral Agent of any single loss or event likely to give rise to a claim against an insurer for an amount in excess of $1,000,000 covered by any insurance maintained pursuant to Sections (A)(4) and (5)policy.

Appears in 1 contract

Samples: Credit Agreement (Cheniere Energy Inc)

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Loss Notification. The Borrower shall promptly notify the Collateral Facility Agent of any single loss or event reasonably likely to give rise to a claim against an insurer for an amount in excess of $1,000,000 2,000,000 covered by any insurance maintained pursuant to Sections (A)(4) and (5)policy after application of the deductible in the policy.

Appears in 1 contract

Samples: Facility Agreement (Gold Fields LTD)

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