Loss Adjustment and Settlement. Any loss insured under a policy of property insurance required to be maintained pursuant to [Sections 1.1(a)-(c)] of this [Schedule 5.17] shall be adjusted with the respective insurance companies, including the filing in a timely manner of appropriate proceedings, by the Borrower, with the approval of the Lenders if such loss is in excess of $250,000 for any one casualty or loss or an aggregate of $250,000 in any fiscal year. In addition, the Borrower may, in its reasonable judgment, consent to the settlement of any loss, provided, that in the event that the amount of the loss exceeds $250,000 any one casualty or loss in any fiscal year, the terms of such settlement is agreed in writing by the Lenders. The Lenders shall be entitled at their option to participate in any such compromise, adjustment or settlement of a loss in excess of $250,000 for any one casualty or in excess of $250,000 in the aggregate in any fiscal year.

Loss Adjustment and Settlement. Any loss insured under a policy of property insurance required to be maintained pursuant to [Sections 1.1(a)-(c)] of this [Schedule 5.17] shall be adjusted with the respective insurance companies, including the filing in a timely manner of appropriate proceedings, by the Borrower, with the approval of the Administrative Agent if such loss is in excess of $250,000 for any one casualty or loss or an aggregate of $250,000 in any fiscal year. In addition, the Borrower may, in its reasonable judgment, consent to the settlement of any loss, provided, that in the event that the amount of the loss exceeds $250,000 any one casualty or loss in any fiscal year, the terms of such settlement is agreed in writing by the Administrative Agent. The Administrative Agent shall be entitled at their option to participate in any such compromise, adjustment or settlement of a loss in excess of $250,000 for any one casualty or in excess of $250,000 in the aggregate in any fiscal year.