Common use of Notice of Claim Reduction of Policy Limits Clause in Contracts

Notice of Claim Reduction of Policy Limits. The Consulting Architect, upon receipt of notice of any claim in connection with the Contract, shall promptly notify the City, providing full details thereof, including an estimate of the amount of loss or liability. The Consulting Architect shall promptly notify the City of any reduction in limits of protection afforded under any policy listed in the Certificate (or otherwise required by the Contract Documents) in excess of $10,000.00, whether or not such impairment came about as a result of this Agreement. In the event the City shall determine that the Consulting Architect's aggregate limits of protection shall have been impaired or reduced to such extent that the City shall determine such limits inadequate for the balance of the project, the Consulting Architect shall, upon notice from the City, promptly reinstate the original limits of liability required hereunder and shall furnish evidence thereof to the City.

Notice of Claim Reduction of Policy Limits. The Consulting ArchitectConsultant, upon receipt of notice of any claim in connection with the Contractcontract, shall promptly notify the City, providing full details thereof, including an estimate of the amount of loss or liability. The Consulting Architect Consultant shall promptly notify the City of any reduction in limits of protection afforded under any policy listed in the Certificate (or otherwise required by the Contract Documentscontract) in excess of $10,000.00, whether or not such impairment came about as a result of this Agreementcontract. In the event If the City shall determine determines that the Consulting ArchitectConsultant's aggregate limits of protection shall have been impaired or reduced to such extent that the City shall determine such limits inadequate for the balance of the project, the Consulting Architect Consultant shall, upon notice from the City, promptly reinstate the original limits of liability required hereunder and shall furnish evidence thereof to the City.

Notice of Claim Reduction of Policy Limits. The Consulting ArchitectConsultant, upon receipt of notice of any claim in connection with the ContractAgreement, shall promptly notify the City, providing full details thereof, including an estimate of the amount of loss or liability. The Consulting Architect Consultant shall promptly notify the City of any reduction in limits of protection afforded under any policy listed in the Certificate (or otherwise required by the Contract DocumentsAgreement) in excess of $10,000.00, whether or not such impairment came about as a result of this Agreement. In the event the City shall determine that the Consulting ArchitectConsultant's aggregate limits of protection shall have been impaired or reduced to such extent that the City shall determine such limits inadequate for the balance of the projectwork, the Consulting Architect Consultant shall, upon notice from the City, promptly reinstate the original limits of liability required hereunder and shall furnish evidence thereof to the City.