Common use of Notice of Property Loss Clause in Contracts

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.

Appears in 2 contracts

Samples: Loan Agreement (Nutrition Management Services Co/Pa), Loan Agreement (Nutrition Management Services Co/Pa)

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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.

Appears in 1 contract

Samples: Trust Indenture (Piercing Pagoda Inc)

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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.

Appears in 1 contract

Samples: Loan Agreement (Vermont Pure Holdings LTD)

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