Common use of Tort Claim Notice Clause in Contracts

Tort Claim Notice. If Borrower shall acquire a commercial tort claim with a value that could reasonably be expected to exceed Five Hundred Thousand Dollars ($500,000), Borrower shall promptly notify Bank in a writing signed by Borrower of the general details thereof and, if so requested by Bank, 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 claim, which Borrower reasonably believes could result in a damage award with a an expected value that could reasonably be expected to exceed Five Hundred greater than Fifty Thousand Dollars ($500,00050,000), Borrower shall promptly notify Bank in a writing signed by Borrower of the general details thereof and, if so requested by Bank, 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 that could reasonably be expected to exceed in excess of Five Hundred Thousand Dollars ($500,000), Borrower . Xxxxxxxx shall promptly notify Bank in a writing signed by Borrower Xxxxxxxx of the general details thereof and, if so requested by Bank, 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 that could reasonably be expected to exceed Five Hundred Thousand Dollars ($500,000), Borrower shall promptly notify Bank in a writing signed by Borrower of the general details thereof and, if so requested by Bank, 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;; (l)