Common use of Notification to Owner Clause in Contracts

Notification to Owner. In addition to all other notices provided for herein, Agent shall, to the extent of its knowledge, promptly notify Owner of all material adverse matters concerning the Property, including, without limitation: (a) all lawsuits, condemnation proceedings, zoning or any other governmental orders, notices, actions or threats that may adversely affect the Property; (b) any major and material claim made by a tenant that Agent or Owner has failed to perform any obligations of Owner or Agent under any lease or agreement to which the Agent or Owner is a party; (c) the occurrence of any fire or other casualty on or about the Property or any other personal injury or property damage (such notice to be in compliance with the requirements of all insurance policies), and Agent shall permit insurance adjustors to view damages before repairs are started except for emergency situations; (d) any requirement of any insurance carrier or of any governmental agency with respect to the Property; (e) any material offers to purchase the Property; and (f) the actual or suspected presence, use, storage, release, disposal, or transport of any radioactive, hazardous, regulated, or toxic substance or material on, about, or from any of the Property, the presence, use, storage, release, disposal or transport of which either (i) is prohibited or otherwise regulated by any now or hereafter existing local, state, or federal statute, ordinance, rule, regulation, or the like or (ii) poses or may pose a risk to the health, safety or physical well-being of persons.

Notification to Owner. In addition to all other notices provided for herein, Agent Manager shall, to the extent of its knowledge, promptly notify Owner of all material adverse matters concerning the Property, including, without limitation: (a) all lawsuits, condemnation proceedings, zoning or any other governmental orders, notices, actions or threats that may adversely affect the Property; (b) any major and material claim made by a tenant that Agent Manager or Owner has failed to perform any obligations of Owner or Agent Manager under any lease or agreement to which the Agent Manager or Owner is a party; (c) the occurrence of any fire or other casualty on or about the Property or any other personal injury or property damage (such notice to be in compliance with the requirements of all insurance policies), and Agent Manager shall permit insurance adjustors to view damages before repairs are started except for emergency situations; (d) any requirement of any insurance carrier or of any governmental agency with respect to the Property; (e) any material offers to purchase the Property; and (f) the actual or suspected presence, use, storage, release, disposal, or transport of any radioactive, hazardous, regulated, or toxic substance or material on, about, or from any of the Property, the presence, use, storage, release, disposal or transport of which either (i) is prohibited or otherwise regulated by any now or hereafter existing local, state, or federal statute, ordinance, rule, regulation, or the like or (ii) poses or may pose a risk to the health, safety or physical well-being of persons.