Common use of Loss Notification Clause in Contracts

Loss Notification. The Borrower shall promptly notify the Facility Agent of any single loss or event reasonably likely to give rise to a claim against an insurer for an amount in excess of $2,000,000 covered by any insurance policy after application of the deductible in the policy.

Appears in 1 contract

Sources: Facility Agreement (Gold Fields LTD)

Loss Notification. The Borrower shall promptly notify the Facility Agent of any single loss or event reasonably likely to give rise to a claim against an insurer for an amount in excess of $2,000,000 1,000,000 covered by any insurance policy after application of the deductible in the policy.

Appears in 1 contract

Sources: Credit Agreement (Cheniere Energy Inc)

Loss Notification. The Borrower shall promptly notify the Facility Administrative Agent of any single loss or event reasonably likely to give rise to a claim against an insurer for an amount in excess of $2,000,000 10,000,000 covered by any insurance policy after application of the deductible in the policy.

Appears in 1 contract

Sources: Master Participation Agreement (Phelps Dodge Corp)