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, the Lessee shall within five (5) Business Days thereof notify the Trustee and the Bank, in writing, of such damage.

Appears in 1 contract

Samples: Lease Agreement (Central Sprinkler Corp)

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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 FacilitiesProject, the Lessee Borrower shall within five (5) Business Days thereof notify the Trustee Authority and the BankTrustee, in writing, of such damage.

Appears in 1 contract

Samples: Loan Agreement (Dynagen Inc)

Notice of Property Loss. After the occurrence of loss or damage to, or after receipt of notice of condemnation of, the Project Facilities, the Lessee Borrower 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 (Lannett Co 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 FacilitiesFacility, the Lessee shall Borrower shall, within five (5) Business Days thereof thereof, notify the Trustee Authority and the Bank, Bank in writing, writing of such loss or damage.

Appears in 1 contract

Samples: Loan and Security Agreement (Semitool Inc)

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