Common use of NOTICES TO THE GOVERNMENT Clause in Contracts

NOTICES TO THE GOVERNMENT. (a) OF ACTION AGAINST VESSEL: In the event that a suit or claim is filed against the VESSEL, or if the VESSEL shall be levied upon or taken into custody, or detained by any proceeding in any court, or tribunal, the BORROWER will, within 72 hours, notify the GOVERNMENT by telegram or facsimile, confirmed by letter, and the BORROWER will, within fifteen (15) days thereafter, cause the VESSEL to be discharged. (b) OF CASUALTIES OR DAMAGE TO THE VESSEL: Within 72 hours of the event, the BORROWER shall furnish the GOVERNMENT full information regarding any casualties or other accidents or damage to the VESSEL, including copies of any supporting documents, i.e., accident reports, claims, etc.; provided that such obligation shall not exist with respect to any casualty, accident, or damage that is less than $50,000 in amount, or is covered by insurance (including any deductible permitted by this Mortgage).

NOTICES TO THE GOVERNMENT. (a) OF ACTION AGAINST VESSEL: In the event that a suit or claim is filed against the VESSELvessel, or if the VESSEL vessel shall be levied upon or taken into custody, or detained by any proceeding in any court, or tribunal, the BORROWER will, within 72 hours, notify the GOVERNMENT by telegram or facsimile, confirmed by letter, and the BORROWER will, within fifteen (15) days thereafter, cause the VESSEL vessel to be discharged. (b) OF CASUALTIES OR DAMAGE TO THE VESSEL: Within 72 hours of the event, the BORROWER shall furnish the GOVERNMENT full information regarding any casualties or other accidents or damage to the VESSELvessel, including copies of any supporting documents, i.e., accident reports, claims, etc.; provided that such -------- obligation shall not exist with respect to any casualty, accident, or damage that is less than $50,000 in amount, or is covered by insurance (including any deductible permitted by this Mortgage).

NOTICES TO THE GOVERNMENT. (a) OF ACTION AGAINST VESSEL: In the event that a suit or claim is filed against the VESSELvessel, or if the VESSEL vessel shall be levied upon or taken into custody, or detained by any proceeding in any court, or tribunal, the BORROWER will, within 72 hours, notify the GOVERNMENT by telegram or facsimile, confirmed by letter, and the BORROWER will, within fifteen (15) days thereafter, cause the VESSEL vessel to be discharged. (b) OF CASUALTIES OR DAMAGE TO THE VESSEL: Within 72 hours of the event, the BORROWER shall furnish the GOVERNMENT full information regarding any casualties or other accidents or damage to the VESSELvessel, including copies of any supporting documents, i.e., accident reports, claims, etc.; provided that such obligation shall not exist with respect to any casualty, accident, or damage that is less than $50,000 in amount, or is covered by insurance (including any deductible permitted by this Mortgage).

NOTICES TO THE GOVERNMENT. (a) OF ACTION AGAINST VESSEL: In the event that a suit or claim is filed against the VESSELVessel, or if the VESSEL Vessel shall be levied upon or taken into custody, or detained by any proceeding in any court, or tribunal, the BORROWER will, within 72 hours, notify the GOVERNMENT by telegram or facsimile, confirmed by letter, and the BORROWER will, within fifteen (15) days thereafter, cause the VESSEL Vessel to be discharged. (b) OF CASUALTIES OR DAMAGE TO THE VESSEL: Within 72 hours of the event, the BORROWER shall furnish the GOVERNMENT full information regarding any casualties or other accidents or damage to the VESSELVessel, including copies of any supporting documents, i.e., accident reports, claims, etc.; provided that such obligation shall not exist with respect to any casualty, accident, or damage that is less than $50,000 in amount, or is covered by insurance (including any deductible permitted by this Mortgage).