Common use of PML Report Clause in Contracts

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