The Loss Valuation Process. Subject to the timeframes outlined in sub-paragraph (1), if the Company has submitted a Proof of Loss Report indicating that it exceeds or expects to exceed its Retention, the Company and the SBA, or their respective representatives, shall attempt to agree upon the present value of all outstanding Losses, both reported and incurred but not reported, resulting from Covered Events during the Contract Year.
Appears in 8 contracts
Samples: Reimbursement Contract, Reimbursement Contract, Reimbursement Contract (HCI Group, Inc.)