Common use of NOTIFICATION OF INDEMNITY CLAIMS Clause in Contracts

NOTIFICATION OF INDEMNITY CLAIMS. Without prejudice to the provisions of this clause 25 and without limiting in any way whatsoever, or being a condition precedent or subsequent to, the indemnities in favour of any Indemnified Person hereunder or prompt payment thereunder, the Lessor shall: 25.3.1 notify PPC in writing as soon as practicable after receipt by the Lessor of notice of a Liability (provided such notice is in writing). Such notification to PPC from the Lessor shall give such details as the Lessor then has and which are in all the circumstances reasonable having regard to the contents of the notice of a Liability received by the Lessor; and 25.3.2 where reasonably practicable notify PPC of the Lessor's intention to pay or procure the payment of any moneys in respect of any such Liability before any such payment is made, provided that interest on any moneys payable to the Lessor or any Indemnified Person under clause 25.1 in respect of such Liability shall only accrue at LIBOR (or, in relation to any currency other than Sterling, the Lessor's funding cost in that other currency) from the date on which the Lessor or that Indemnified Person incurs that Liability, until such time as the Lessor notifies PPC of that Liability, whereafter interest will accrue at the Default Rate until reimbursed in full under clause 25.1.

NOTIFICATION OF INDEMNITY CLAIMS. Without prejudice to the provisions of this clause Clause 25 and without limiting in any way whatsoever, or being a condition precedent or subsequent to, the indemnities in favour of any Indemnified Person hereunder or prompt payment thereunder, the Lessor shall: 25.3.1 (a) notify PPC the Lessee in writing as soon as practicable after receipt by the Lessor of notice of a Liability (provided such notice is in writing). Such notification to PPC the Lessee from the Lessor shall give such details as the Lessor then has and which are in all the circumstances reasonable having regard to the contents of the notice of a Liability received by the Lessor; and 25.3.2 (b) where reasonably practicable notify PPC the Lessee of the Lessor's intention to pay or procure the payment of any moneys in respect of any such Liability before any such payment is made, provided that interest on any moneys payable to the Lessor or any Indemnified Person under clause Clause 25.1 in respect of such Liability shall only accrue at LIBOR (or, in relation to any currency other than Sterling, the Lessor's funding cost in that other currency) from the date on which the Lessor or that Indemnified Person incurs that Liability, until such time as the Lessor notifies PPC the Lessee of that Liability, whereafter interest will accrue at the Default Rate until reimbursed in full under clause Clause 25.1.

NOTIFICATION OF INDEMNITY CLAIMS. Without prejudice to the provisions of this clause 25 Clause 24 and without limiting in any way whatsoever, or being a condition precedent or subsequent to, the indemnities in favour of any Indemnified Person hereunder or prompt payment thereunder, the Lessor shall: 25.3.1 (a) notify PPC the Lessee in writing as soon as practicable after receipt by the Lessor of notice of a Liability (provided such notice is in writing). Such notification to PPC the Lessee from the Lessor shall give such details as the Lessor then has and which are in all the circumstances reasonable having regard to the contents of the notice of a Liability received by the Lessor; and 25.3.2 (b) where reasonably practicable notify PPC the Lessee of the Lessor's intention to pay or procure the payment of any moneys in respect of any such Liability before any such payment is made, provided that interest on any moneys payable to the Lessor or any Indemnified Person under clause 25.1 Clause 24.1 in respect of such Liability shall only accrue at LIBOR (or, in relation to any currency other than Sterling, the Lessor's funding cost in that other currency) from the date on which the Lessor or that Indemnified Person incurs that Liability, until such time as the Lessor notifies PPC the Lessee of that Liability, whereafter after which interest will accrue at the Default Rate until reimbursed in full under clause 25.1Clause 24.1.