Common use of Tort Claim Notice Clause in Contracts

Tort Claim Notice. If Borrower shall acquire a commercial tort claim with a value in excess of $250,000.00, Borrower shall promptly notify Agent in a writing signed by Borrower of the general details thereof and grant to Agent, for the ratable benefit of the Lenders, 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 Agent;

Tort Claim Notice. If Borrower shall acquire a commercial tort claim with a an expected value in excess of $250,000.0050,000, Borrower shall promptly notify Agent in a writing signed by Borrower of the general details thereof and grant to Agent, Agent for the ratable benefit of the Lenders, Lenders 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 Agent;

Tort Claim Notice. If Borrower shall acquire a commercial tort claim with a value in excess of $250,000.0050,000.00, Borrower shall promptly notify Agent in a writing signed by Borrower of the general details thereof and grant to Agent, for the ratable benefit of the Lenders, 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 Agent;

Tort Claim Notice. If Borrower shall acquire a commercial tort claim with a an expected value in excess of Five Hundred Thousand Dollars ($250,000.00500,000), Borrower shall promptly shall, within five (5) Business Days, notify Agent in a writing signed by Borrower of the general details thereof and grant to Agent, for the ratable benefit of the Lenders, 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 Agent;

Tort Claim Notice. If Borrower shall acquire a commercial tort claim with a an expected value in excess of One Hundred Thousand Dollars ($250,000.00100,000), individually or in the aggregate, Borrower shall promptly notify Agent in a writing signed by Borrower of the general details thereof and grant to Agent, for the ratable benefit of the Lenders, 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 Agent;