Common use of Tort Claim Notice Clause in Contracts

Tort Claim Notice. If Borrower shall acquire a commercial tort claim in excess of Two Hundred Fifty Thousand Dollars ($250,000), Borrower shall promptly notify Bank in a writing signed by Borrower of the general details thereof and grant to Bank in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to Bank;

Tort Claim Notice. If any Borrower shall acquire a commercial tort claim in excess of Two Hundred Fifty Thousand One Million Dollars ($250,0001,000,000), such Borrower shall promptly notify Bank in a writing signed by such Borrower of the general details thereof and grant to Bank in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to Bank;

Tort Claim Notice. If Borrower shall acquire a commercial tort claim in excess of Two Five Hundred Fifty Thousand Dollars ($250,000)500,000) individually or in the aggregate, Borrower shall promptly notify Bank in a writing signed by Borrower of the general details thereof and grant to Bank in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to Bank;

Tort Claim Notice. If Borrower shall acquire a commercial tort claim with a potential value in excess of Two Five Hundred Fifty Thousand Dollars ($250,000500,000), Borrower shall promptly notify Bank in a writing signed by Borrower of the general details thereof and grant to Bank in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to Bank;

Tort Claim Notice. If Borrower shall acquire a commercial tort claim in excess of Two Hundred Fifty Thousand Dollars ($250,00050,000), Borrower shall promptly notify Bank in a writing signed by Borrower of the general details thereof and grant to Bank in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to Bank;

Tort Claim Notice. If Borrower shall knowingly acquire a commercial tort claim with a reasonable expected value in excess of Two Five Hundred Fifty Thousand Dollars ($250,000500,000), Borrower shall promptly notify Bank in a writing signed by Borrower of the general details thereof and grant to Bank in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to Bank;

Tort Claim Notice. If Borrower shall acquire a commercial tort claim in excess of Two Three Hundred Fifty Thousand Dollars ($250,000350,000), Borrower shall promptly notify Bank in a writing signed by Borrower of the general details thereof and grant to Bank in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to Bank;

Tort Claim Notice. If Borrower shall acquire a commercial tort claim with a value individually of at least $500,000, or commercial tort claims in excess the aggregate with a value of Two Hundred Fifty Thousand Dollars (at least $250,000)1,000,000, Borrower shall promptly notify Bank in a writing signed by Borrower of the general details thereof and grant to Bank in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to Bank;