Common use of Proof of Loss Clause in Contracts

Proof of Loss. In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage.

Appears in 11 contracts

Samples: Equity Participation Agreement (BrightSource Energy Inc), Purchase and Sale Agreement (Morgans Hotel Group Co.), Equity Participation Agreement (BrightSource Energy Inc)

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Proof of Loss. In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, encumbrance or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage.

Appears in 1 contract

Samples: Contract of Sale (Franklin Street Properties Corp /Ma/)

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Proof of Loss. In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured Insured against by this policy that constitutes the basis of loss toss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage.

Appears in 1 contract

Samples: Credit Agreement (Revel Entertainment Group, LLC)

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