Notification by Security Provider Clause Samples

Notification by Security Provider. Each Transaction Party must notify the Agent as soon as reasonably practicable after it becomes aware of: (1) an event gives rise to a claim of US$100,000 or more under an insurance policy; or (2) the cancellation or variation for any reason of any insurance policy in relation to its Secured Property.

Notification by Security Provider. The Borrower must notify the Agent as soon as reasonably practicable after it becomes aware of: (1) an event which in relation to the property of it or MHLLC gives rise to a claim of $500,000 or more under an insurance policy; and (2) the cancellation or variation for any reason of any insurance policy in relation to the property of it or MHLLC.

Notification by Security Provider. Each Transaction Party must notify the Mezzanine Agent as soon as reasonably practicable after it becomes aware of: (1) an event which gives rise to a claim of A$1,000,000 (or the equivalent amount in any other currency) or more under any of its Insurance Policies; and (2) the cancellation or variation for any reason of any insurance policy.

Notification by Security Provider. Each Transaction Party must, and must ensure that Lost Creek, notifies the Agent as soon as reasonably practicable after it becomes aware of: (1) an event which in relation to the property of a Transaction Party or Lost Creek gives rise to a claim of $500,000 or more under an insurance policy; and (2) the cancellation or variation for any reason of any insurance policy in relation to the property of a Transaction Party or Lost Creek.

Notification by Security Provider. Each Transaction Party must notify the Senior Agent as soon as reasonably practicable after it becomes aware of: (1) an event which gives rise to a claim of A$1,000,000 (or the equivalent amount in any other currency) or more under any of its Insurance Policies; and (2) the cancellation or variation for any reason of any insurance policy.