Notice of Property Loss. After the occurrence of loss or damage to, or after receipt of notice of condemnation of, the Project Facilities, the Company shall within five (5) Business Days thereof notify the Authority, the Trustee and the Bank, in writing, of such damage.
Notice of Property Loss. 14 Section 6.04. Disposition of Casualty Insurance and Condemnation Award Proceeds............................... 14 ARTICLE VII ADDITIONAL COVENANTS OF THE COMPANY
Notice of Property Loss. If any Facility is damaged in excess of $250,000 as the result of any Property Loss, (a) Tenant shall give prompt notice thereof to Landlord and any Facility Mortgagee, in no event more than five Business Days after the occurrence of such Property Loss and (b) within 15 days after the occurrence of such Property Loss, or as soon thereafter as such information is reasonably available to Tenant, Tenant shall provide Landlord the following information: (1) the date of the Property Loss and the identity of the Facility experiencing the Property Loss; (2) the nature of the Property Loss; (3) a description of the damage or destruction caused by the Property Loss, the area of such Facility damaged and the general extent of such damage; (4) a preliminary estimate of the cost to repair, rebuild, restore or replace such Facility; (5) a preliminary estimate of the schedule to complete the repair, rebuilding, restoration or replacement of such Facility; (6) a description of the anticipated property insurance claim, including the name of the insurer, the insurance coverage limits, the deductible amounts, the expected settlement amount and the expected settlement date; and (7) a description of the business interruption claim, including the name of the insurer, the insurance coverage limits, the deductible amounts, the expected settlement amount and the expected settlement date. Tenant shall provide Landlord with copies of any and all material correspondence to and from the insurance provider(s) within five Business Days after Tenant’s receipt or submission thereof and provide any other information reasonably requested by Landlord.
Notice of Property Loss. After the occurrence of loss or damage to, or after receipt of notice of condemnation of, the Project Facilities, if such loss or damage to the Project Facilities exceeds $50,000, the Company shall within five (5) Business Days thereof notify the Authority, the Trustee and the Bank, in writing, of such damage.
Notice of Property Loss. 16 Section 6.04 Disposition of Insurance Proceeds; Property Damage. 17 ARTICLE VII CAPITAL ADDITIONS 18 Section 7.01 Capital Additions. 18 Section 7.02 Additional Bonds. 18
Notice of Property Loss. Immediately after occurrence of loss or damage covered by insurance, or after notice of condemnation has been received, or the occurrence of injury or damage, the City shall notify in writing the Authority, the Authority, the Consulting Engineer and the Trustee thereof and the Consulting Engineer promptly shall determine and advise the Authority, the Trustee and the City, in writing, whether it is practicable and desirable to repair, reconstruct or replace such damaged or destroyed or condemned property. If the Consulting Engineer shall advise in the affirmative and the City and the Authority agree thereto in writing, the Authority or the City, as appropriate, shall proceed forthwith with repair, reconstruction or replacement, to the extent of insurance proceeds or sums received as condemnation or other damages collected with respect to such loss or damage, in the manner provided herein and in the Indenture. The City shall pay from its own funds the cost of such repair, reconstruction or replacement to the extent insurance proceeds or other sums received with respect to such loss or damage, together with any sums advanced from the Construction Fund pursuant to the Indenture, shall be insufficient.
Notice of Property Loss. 43 11.2. Substantial Destruction 43 11.3. Partial Destruction 44 11.4. Restoration 44 11.5. Disbursement of Insurance Proceeds 45 11.6. Insufficient Proceeds/Risk of Loss 45 11.7. Landlord’s Inspection 46 11.8. Not Trust Funds 46 11.9. Waiver 46 11.10. Facility Mortgagee 46 12. Condemnation 46 12.1. Total Taking 46 12.2. Partial Taking 47 12.3. Restoration 47 12.4. Temporary Taking 47 12.5. Waiver 47 13. Indemnification by Tenant 47 13.1. Indemnity 47 13.2. Indemnity Claims Process 48 13.3. Survival of Indemnity 48 13.4. Waiver of Subrogation 49 14. Combination of Leases and New Leases 49 14.1. Combination of Leases 49 14.2. New Lease 49 15. Miscellaneous 49 15.1. Attorneys’ Fees 49 15.2. Non-Recourse 49 15.3. General REIT Provisions 49 15.4. Prohibited Transactions 50 15.5. Personal Property REIT Requirements 50 15.6. Impermissible Services REIT Requirements 50 15.7. Waiver of Jury Trial 51 15.8. Notices 51 15.9. Interpretation 52 15.10. Time of the Essence 52 15.11. Severability 52 15.12. General Terms 52 15.13. Governing Law 52 15.14. Anti-Terrorism Representations 53 15.15. Notice to the Department of Health 53 15.16. Confidentiality 53 15.17. Permitted Contests 54 15.18. Landlord Restructuring Right 55 15.19. State Specific Provisions 55 3
Notice of Property Loss. If any Facility is damaged in excess of $250,000 as the result of any Property Loss, (a) Tenant shall give prompt notice thereof to Landlord and any Facility Mortgagee, in no event more than five Business Days after the occurrence of such Property Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. Loss and (b) within 15 days after the occurrence of such Property Loss, or as soon thereafter as such information is reasonably available to Tenant, Tenant shall provide Landlord the following information: (1) the date of the Property Loss and the identity of the Facility experiencing the Property Loss; (2) the nature of the Property Loss; (3) a description of the damage or destruction caused by the Property Loss, the area of such Facility damaged and the general extent of such damage; (4) a preliminary estimate of the cost to repair, rebuild, restore or replace such Facility; (5) a preliminary estimate of the schedule to complete the repair, rebuilding, restoration or replacement of such Facility; (6) a description of the anticipated property insurance claim, including the name of the insurer, the insurance coverage limits, the deductible amounts, the expected settlement amount and the expected settlement date; and (7) a description of the business interruption claim, including the name of the insurer, the insurance coverage limits, the deductible amounts, the expected settlement amount and the expected settlement date. Tenant shall provide Landlord with copies of any and all material correspondence to and from the insurance provider(s) within five Business Days after Tenant’s receipt or submission thereof and provide any other information reasonably requested by Landlord.
