Common use of Notice of Claim Reduction of Policy Limits Clause in Contracts

Notice of Claim Reduction of Policy Limits. Consultant, upon receipt of notice of any claim in connection with the contract, shall promptly notify the City, providing full details thereof, including an estimate of the amount of loss or liability. Consultant shall monitor and promptly notify the City of any reduction in limits of protection afforded under any policy listed in the Certificate (or otherwise required by the contract) if the Consultant’s limits of protection shall have been impaired or reduced to such extent that the limits fall below the minimum amounts required herein. Consultant shall promptly reinstate the original limits of liability required hereunder and shall furnish evidence thereof to the City.

Notice of Claim Reduction of Policy Limits. The Consultant, upon receipt of notice of any claim in connection with the contractAgreement, shall promptly notify the City, providing full details thereof, including an estimate of the amount of loss or liability. The Consultant shall monitor and promptly notify the City of any reduction in limits of protection afforded under any policy listed in the Certificate (or otherwise required by the contractAgreement) if the Consultant’s limits of protection shall have been impaired or reduced to such extent that the limits fall below the minimum amounts required herein. The Consultant shall promptly reinstate the original limits of liability required hereunder and shall furnish evidence thereof to the City.

Notice of Claim Reduction of Policy Limits. ConsultantVendor, upon receipt of notice of any claim in connection with the contract, shall promptly notify the City, providing full details thereof, including an estimate of the amount of loss or liability. Consultant Vendor shall monitor and promptly notify the City of any reduction in limits of protection afforded under any policy listed in the Certificate (or otherwise required by the contract) if the ConsultantVendor’s limits of protection shall have been impaired or reduced to such extent that the limits fall below the minimum amounts required herein. Consultant Vendor shall promptly reinstate the original limits of liability required hereunder and shall furnish evidence thereof to the City.