Common use of Loss Notification Clause in Contracts

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. The Borrower shall promptly notify the 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 $1,000,000 10,000,000 covered by any insurance policy after application of the deductible in the policy.

Loss Notification. The Borrower shall promptly notify Collateral Agent and the Administrative Agent of any single loss or event likely to give rise to a property or liability insurance claim against an insurer for in an amount in excess of $1,000,000 250,000 whether or not covered by any insurance policyinsurance.

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 $1,000,000 2,000,000 covered by any insurance policy after application of the deductible in the policy.