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

Notice of Claim Reduction of Policy Limits. The Contractor, 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 Contractor 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) 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 Contractor'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 Contractor 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 Contractor, 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 Contractor 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 contractContract Documents) in excess of $10,000.00, whether or not such impairment came about as a result of this AgreementContract. In the event the City shall determine that the Contractor's ’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 Contractor 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 Contractor, 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 Contractor 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) in excess of $10,000.00, whether or not such impairment came about as a result of this AgreementCONTRACT. In the event the City shall determine that the Contractor'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 Contractor 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 ContractorRVPD, 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 Contractor RVPD 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 contractAgreement) 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 Contractor's RVPD’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 Contractor RVPD 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 ContractorVendor, 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 Contractor Vendor 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) in excess of $10,000.00, whether or not such impairment came about as a result of this Agreementcontract. In the event the City shall determine that the ContractorVendor'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 Contractor Vendor 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 ContractorConsultant, 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 Contractor 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) in excess of $10,000.00, whether or not such impairment came about as a result of this Agreementcontract. In the event the City shall determine that the ContractorConsultant'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 Contractor Consultant shall, upon notice from the City, promptly reinstate the original limits of liability required hereunder and shall furnish evidence thereof to the City.