Notification by Security Provider. Each Security Provider must notify the Agent as soon as reasonably practicable after it becomes aware of: (1) an event which in relation to its property gives rise to a claim of US$250,000 or more under an insurance policy; and (2) the cancellation or variation for any reason of any insurance policy in relation to its property.
Appears in 2 contracts
Sources: Project Facility Agreement (Apollo Gold Corp), Bridge Facility Agreement (Apollo Gold Corp)
Notification by Security Provider. Each Security Provider must notify the Agent as soon as reasonably practicable after it becomes aware of:
(1) an event which in relation to its property a Security Property gives rise to a claim of US$250,000 500,000 or more under an insurance policy; and
(2) the cancellation or variation for any reason of any insurance policy in relation to its propertySecured Property.
Appears in 2 contracts
Sources: Facility Agreement (Apollo Gold Corp), Facility Agreement (Apollo Gold Corp)
Notification by Security Provider. Each Security Provider The Transaction Parties must notify the Agent as soon as reasonably practicable after it becomes aware of:
(1) an event which in relation to its property a Security Property gives rise to a claim of US$250,000 or more under an insurance policy; and
(2) the cancellation or variation for any reason of any insurance policy in relation to its propertySecured Property.
Appears in 2 contracts
Sources: Neutron Energy Facility Extension (Neutron Energy, Inc.), Facility Agreement (Neutron Energy, Inc.)