Common use of Knowledge of Claim Clause in Contracts

Knowledge of Claim. If at any time Developer (or its Contractor) becomes aware of a claim or a potential claim related to the Project in which the demand or probable ultimate cost exceeds $10,000, Developer (or its Contractor) shall promptly provide written notice (“Claim Notice”) to Agency which sets forth the nature of the claim or potential claim and the date

Knowledge of Claim. If at any time Developer (or its Contractor) becomes aware of a claim or a potential claim related to the Project in which the demand or probable ultimate cost exceeds $10,000, Developer (or its Contractor) shall promptly provide written notice (“Claim Notice”―Claim Notice‖) to Agency Authority which sets forth the nature of the claim or potential claim and the datedate on which Developer became aware of such claim or potential claim and shall provide Authority with copies of any documents relating to such claim or potential claim.