Common use of Loss Notification Clause in Contracts

Loss Notification. The Company shall promptly notify the Collateral Agent and the Holders of any single loss or event likely to give rise to a claim against an insurer for an amount in excess of $1,000,000 covered by any insurance policies required by this Schedule 9.2.

Appears in 2 contracts

Samples: Note Purchase Agreement (InfraREIT, Inc.), Lease Agreement (InfraREIT, Inc.)

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Loss Notification. The Company shall promptly notify the Collateral Agent and the Holders of any single loss or event Event of Loss likely to give rise to a claim against an insurer for an amount in excess of $1,000,000 covered by 5,000,000 for any insurance one claim or for any claims in the aggregate in any calendar year in respect of any of the policies required by this Schedule Section 9.2.

Appears in 1 contract

Samples: Note Purchase Agreement (Teekay Offshore Partners L.P.)

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Loss Notification. The Company shall promptly notify the Collateral Agent and the Holders of any single loss or event Event of Loss likely to give rise to a claim against an insurer for an amount in excess of $1,000,000 covered by 10,000,000 for any insurance one claim or for any claims in the aggregate in any calendar year in respect of any of the policies required by this Schedule Section 9.2.

Appears in 1 contract

Samples: Note Purchase Agreement (Teekay LNG Partners L.P.)

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