PML Report Sample Clauses

PML Report. If required by Administrative Agent with respect to an Individual Property, a probable maximum loss report, which shall address (A) the probable maximum loss that is likely to be sustained by the Individual Property in the event of an earthquake or other seismic casualty at or affecting the Individual Property, and (B) likelihood and likely intensity of an earthquake or other seismic casualty at or affecting the Individual Property.

PML Report. Operating Borrower shall have provided a so-called “PML” report in a form normally obtained by Administrative Agent for properties in the same geographic area, which shall address (A) the probable maximum loss that is likely to be sustained by the applicable Qualified Property in the event of an earthquake or other seismic casualty at or affecting the applicable Qualified Property, and (B) likelihood and likely intensity of an earthquake or other seismic casualty at or affecting the applicable Qualified Property.

PML Report. No later than the Delivery Date, with respect to each Qualified Property that is in an earthquake zone, Borrower shall have provided a so-called “PML” report, which shall address (A) the probable maximum loss that is likely to be sustained by such Qualified Property in the event of an earthquake or other seismic casualty at or affecting such Qualified Property, and (B) likelihood and likely intensity of an earthquake or other seismic casualty at or affecting such Qualified Property;