Common use of Adjustment of Losses Clause in Contracts

Adjustment of Losses. (a) The loss, if any, under any insurance required to be carried hereunder shall be adjusted with the insurance companies or otherwise collected, including the filing in a timely manner of appropriate proceedings, by the Borrowers, subject to the reasonable approval of the Administrative Agent (acting in consultation with the Insurance Consultant) as it pertains to losses under the party policies only. In addition, the Borrowers shall take all other steps necessary or reasonably requested by the Administrative Agent to collect from insurers any loss covered by any of the insurance policies herein. All such policies shall provide that the loss, if any, and coverage afforded under such insurance shall be adjusted and paid as provided in this Schedule 7.01(h).

Adjustment of Losses. (a) The loss, if any, under any insurance required to be carried hereunder shall be adjusted with the insurance companies or otherwise collected, including the filing in a timely manner of appropriate proceedings, by the BorrowersBorrower, subject to the reasonable approval of the Administrative Agent (acting in consultation with the Insurance Consultant) Credit Provider as it pertains to losses in excess of $1,000,000 under the party policies Section 3.1, 3.2, 3.3, 4.1, and 4.2 hereof only. In addition, the Borrowers Borrower shall take all other steps necessary or reasonably requested by the Administrative Agent Credit Provider to collect from insurers any loss covered by any of the insurance policies herein. All such policies shall provide that the loss, if any, and coverage afforded under such insurance shall be adjusted and paid as provided in this Schedule 7.01(h)6.03.

Adjustment of Losses. (a) The loss, if any, Any loss under any insurance required to be carried hereunder shall be adjusted with the insurance companies or otherwise collected, including the filing in a timely manner of appropriate proceedings, by the BorrowersBorrower, subject to the reasonable approval of the Administrative Agent (acting in consultation with the Insurance Consultant) as it pertains to losses in excess of $1,000,000 under the party policies Section Sections 2.7 and 2.8 hereof only. In addition, the Borrowers Borrower shall take all other steps necessary or reasonably requested by the Administrative Agent to collect from insurers any loss covered by any of the insurance policies herein. All such policies shall provide that the loss, if any, and coverage afforded under such insurance shall be adjusted and paid as provided in this Schedule 7.01(h).

Adjustment of Losses. (a) The loss, if any, Any loss under any insurance required to be carried hereunder shall be adjusted with the insurance companies or otherwise collected, including the filing in a timely manner of appropriate proceedings, by the BorrowersBorrower, subject to the reasonable approval of the Administrative Agent (acting in consultation with the Insurance Consultant) as it pertains to losses in excess of $1,000,000 under the party policies Section 3.1, 3.2, 3.3, 4.1, and 4.2 hereof only. In addition, the Borrowers Borrower shall take all other steps necessary or reasonably requested by the Administrative Agent to collect from insurers any loss covered by any of the insurance policies herein. All such policies shall provide that the loss, if any, and coverage afforded under such insurance shall be adjusted and paid as provided in this Schedule 7.01(h).