Total Loss. In the event that any of the Rigs shall suffer a Total Loss, the Obligors shall, within a period of ninety (90) days after the Total Loss Date, obtain and present to the Agent, a written confirmation from the relevant insurers that the claim relating to the Total Loss has been accepted in full, and the insurance proceeds shall be paid to the Agent for application in accordance with Clause 10.1 (Total Loss or sale).
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Samples: Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement (Seadrill Partners LLC)
Total Loss. In the event that any of the Rigs shall suffer a Total Loss, the Obligors shall, within a period of ninety (90) days after the Total Loss Date, obtain and present to the Agent, a written confirmation from the relevant insurers that the claim relating to the Total Loss has been accepted in full, and the insurance proceeds shall be paid to the Agent for application in accordance with Clause 10.1 clause 8.1 (Total Loss or sale).
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Samples: www.lw.com, Seadrill Partners LLC
Total Loss. In the event that any of the Rigs Rig shall suffer a Total Loss, the Obligors shall, within a period of ninety (90) days after the Total Loss Date, obtain and present to the Security Agent, a written confirmation from the relevant insurers that the claim relating to the Total Loss has been accepted in full, and the insurance proceeds shall be paid to the Security Agent for application to be applied in in accordance with Clause 10.1 8.1 (Total Loss or sale)) of the Loan Facility Agreement and Clause 8.2 (Total Loss or sale) of the GIEK Facility Agreement.
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Total Loss. In the event that any of the Rigs Drillship shall suffer a Total Loss, the Obligors shall, shall as soon as possible and in any event within a period of ninety (90) days after the Total Loss Date, obtain and present to the Agent, a written confirmation from the relevant insurers that the claim relating to the Total Loss has been accepted in full, and the insurance proceeds shall be paid to the Agent for application in accordance with Clause 10.1 8.1 (Total Loss or sale).. 100 (301) EXECUTION VERSION
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Samples: Senior Secured Credit Facility Agreement (Seadrill Partners LLC)
Total Loss. In the event that any of the Rigs Drillship shall suffer a Total Loss, the Obligors shall, shall as soon as possible and in any event within a period of ninety (90) days after the Total Loss Date, obtain and present to the Agent, a written confirmation from the relevant insurers that the claim relating to the Total Loss has been accepted in full, and the insurance proceeds shall be paid to the Agent for application in accordance with Clause 10.1 8.1 (Total Loss or sale).
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Samples: Senior Secured Credit Facility Agreement (Seadrill Partners LLC)
Total Loss. In the event that any of the Rigs shall suffer a Total Loss, the Obligors shall, within a period of ninety (90) days after the Total Loss Date, obtain and present to the Agent, a written confirmation from the relevant insurers that the claim relating to the Total Loss has been accepted in full, and the insurance proceeds shall be paid to the Agent for application in accordance with Clause 10.1 8.1 (Total Loss or saleSale).
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Total Loss. In the event that any of the Rigs Rig shall suffer a Total Loss, the Obligors shall, within a period of ninety (90) days after the Total Loss Date, obtain and present to the Agent, a written confirmation from the relevant insurers that the claim relating to the Total Loss has been accepted in full, and the insurance proceeds shall be paid to the Agent for application in accordance with Clause 10.1 8.1 (Total Loss or saleSale).
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Total Loss. In the event that any of the Rigs Drilling Unit shall suffer a Total Loss, the Obligors shall, shall as soon as possible and in any event within a period of ninety (90) days after the Total Loss Date, obtain and present to the Agent, a written confirmation from the relevant insurers that the claim relating to the Total Loss has been accepted in full, and the insurance proceeds shall be paid to the Agent for application in accordance with Clause 10.1 8.1 (Total Loss or sale).
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Total Loss. In the event that any of the Rigs Rig shall suffer a Total Loss, the Obligors shall, within a period of ninety (90) days after the Total Loss Date, obtain and present to the Security Agent, a written confirmation from the relevant insurers that the claim relating to the Total Loss has been accepted in full, and the insurance proceeds shall be paid to the Security Agent for application to be applied in accordance with Clause 10.1 8.1 (Total Loss or sale)) of the Loan Facility Agreement and Clause 8.2 (Total Loss or sale) of the GIEK Facility Agreement.
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Total Loss. In the event that any of the Rigs shall suffer a Total Loss, the Obligors shall, within a period of ninety (90) days after the Total Loss Date, obtain and present to the Agent, a 71 (123) written confirmation from the relevant insurers that the claim relating to the Total Loss has been accepted in full, and the insurance proceeds shall be paid to the Agent for application in accordance with Clause 10.1 (Total Loss or sale).
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