Common use of Adequacy of Insurance Coverage Clause in Contracts

Adequacy of Insurance Coverage. (a) The adequacy of the insurance coverage required by this Article IX may be reviewed periodically by the City. The City may request a change in the insurance coverage if it is commercially reasonable, customary and commonly available regarding properties similar in type, size, use and location to the Leased Property and Lessee Improvements provided that such coverage is available at commercially reasonable rates (including without limitation, fiduciary liability and directors’ and officers’ liability insurance); (b) SAMP has the right to contest the request for a change in insurance, but must be commercially reasonable; and (c) XXXX agrees that City may, if it so elects, have the Lessee Improvements appraised, at the City's sole cost and expense, for purposes of obtaining the proper amount of insurance hereunder. Any review by the City shall not constitute an approval or acceptance of the amount of insurance coverage.

Adequacy of Insurance Coverage. (a) The adequacy of the insurance coverage required by this Article IX may be reviewed periodically by the CityCity in its sole discretion. The City may request a change in the insurance coverage if it is commercially reasonable, customary and commonly available regarding properties similar in type, size, use and location to the Leased Property and Lessee JoePC Improvements provided that such coverage is available at commercially reasonable rates (including without limitation, fiduciary liability and directors’ directors and officers’ officers liability insurance); (b) SAMP JoePC has the right to contest the request for a change in insurance, but must be commercially reasonable; and (c) XXXX XxxXX agrees that City may, if it so elects, have the Lessee JoePC Improvements appraised, at the City's ’s sole cost and expense, for purposes of obtaining the proper amount of insurance hereunder. Any review by the City shall not constitute an approval or acceptance of the amount of insurance coverage.

Adequacy of Insurance Coverage. (a) The adequacy of the insurance coverage required by this Article IX may be reviewed periodically by the CityCity in its sole discretion. The Except with respect to “CCIP” and “OCIP” policies, the City may request a change in reserves the right, but not the obligation, to review and reasonably revise the insurance coverage if it is requirements every three (3) years, (including but not limited to deductibles, limits, coverages and endorsements) provided such revisions are commercially reasonable, customary and commonly available regarding properties similar in type, size, use and location to the Leased Property Development Site and Lessee the Improvements and further provided that such coverage is available at commercially reasonable rates (including without limitation, fiduciary liability and directors’ directors and officers’ officers liability insurance); (b) SAMP has the right to contest the request for a change in insurance, but must be commercially reasonable; and (c) XXXX . Xxxxxxxxx agrees that City may, if it so elects, at City’s expense, have the Lessee Improvements appraised, at the City's sole cost and expense, appraised for purposes of obtaining the proper amount of insurance hereunder. Any review by the City shall not constitute an approval or acceptance of the amount of insurance coverage.