Loss Notification Clause Samples
The Loss Notification clause requires a party to promptly inform the other party when a loss, damage, or potential claim occurs that may affect their contractual relationship. Typically, this clause outlines the timeframe within which notification must be given and may specify the method of communication, such as written notice. Its core practical function is to ensure that all parties are made aware of relevant incidents in a timely manner, enabling them to take appropriate action, mitigate further loss, and preserve rights under the contract.
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Loss Notification. Lessee shall promptly notify Lessor 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 Exhibit D.
Loss Notification. The Construction Agent shall promptly notify the Agent 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 maintained pursuant to this Agreement.
Loss Notification. SBC-13STATE will provide Loss Notifications. This notification alerts CLEC that a change requested by another Telecommunications Carrier (TC) has been completed and, as a result, the Local Service Provider associated with a given telephone number has been changed. It will be provided via the uniform ordering application-to-application interface using the 836 transaction, and will also be available via the uniform ordering GUI interface. The current loss notification processes via industry standard CARE record format will remain in effect until full implementation and testing of the new Loss Notification processes is completed.
Loss Notification. The Borrower shall promptly notify the Common Security Trustee of any single loss or event likely to give rise to a property damage or liability claim against an insurer for an amount in excess of USD75,000,000.
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.
Loss Notification. The Borrower shall promptly notify the Agent 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 policy.
Loss Notification. 9.1.1 AT&T will provide Loss Notifications. This notification alerts CLEC that a change requested by another Telecommunications Carrier (TC) has been completed and, as a result, the Local Service Provider associated with a given telephone number has been changed. It will be provided via the uniform ordering application to application interface using the 836 transaction, and will also be available via the uniform ordering GUI interface.
Loss Notification. The Borrower shall promptly notify OPIC of any single loss for an amount that is or could reasonably be expected to be in excess of five hundred thousand Dollars ($500,000) covered by any Insurance Policies.
Loss Notification. Administrator will receive and process loss notices via electronic, fax or phone within one (1) Business Day of receipt.
Loss Notification. The Companies shall promptly notify OPIC of any single loss or event likely to give rise to a claim against an insurer for an amount in excess of $500,000 covered by any insurance maintained pursuant to Sections (B)(9), (10), (11), (12), (13) and (14).