Adjustment of Coverage. The amount of life insurance coverage to which an employee is entitled shall be adjusted semiannually on January 1 and July 1 of the calendar year to reflect changes in the employee' s annual base salary rate. The term "Annual Base Salary Rate," as used herein, shall be defined as an amount equivalent to the employee' s biweekly base salary, as his/her biweekly base salary is defined and determined under the BASE SALARY provision of this Agreement, divided by fourteen (14) and then multiplied by three hundred and sixty-five (365).
Adjustment of Coverage. In the event that either Party shall at any time deem the limits of the personal injury or property damage public liability insurance then carried to be either excessive or insufficient, the Parties shall endeavor to agree on the proper and reasonable limits for such insurance then to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this section; provided, however, if the Parties shall be unable to agree thereon, the proper and reasonable limits for such insurance then to be carried shall be determined by an impartial third Person selected by the Parties or should they be unable to agree on a selection, by an impartial third Person chosen by the insurance carrier carrying the greatest percentage of liability insurance on the Premises, or its successors, on application by either Party made after thirty (30) days written notice to the other Party of the time and place of such application, and the decision of such impartial third Person as to the proper and reasonable limits for such insurance then to be carried shall be binding on the Parties, and such insurance shall be carried with the limits as thus determined until such limits shall again be changed pursuant to the provisions of this section. The expenses of such determination shall be borne equally by the Parties.
Adjustment of Coverage. In the event that City shall at any time deem the limits of the personal injury or property damage public liability insurance then carried to be insufficient, the City shall raise the limits for such insurance then to be carried and such determination, if any, shall be borne by the YMCA.
Adjustment of Coverage. 16 The amount of life insurance coverage to which an employee is entitled shall be adjusted
Adjustment of Coverage. In the event that either party shall at any time deem the limits of the commercial general liability insurance or its equivalent then carried to be either excessive or insufficient, the parties shall endeavor to agree on the proper and reasonable limits for insurance then to be carried. Insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this section, but if the parties shall be unable to agree thereon, the proper and reasonable limits for insurance then to be carried shall be determined by an impartial third person selected by the parties, or should they be unable to agree on a selection, by an impartial third person chosen by the presiding judge of the Superior Court for the Third Judicial District, State of Alaska, at Anchorage, on application by either party. The decision of the impartial third person as to the proper and reasonable limits for insurance then to be carried shall be binding on the parties, and insurance shall be carried with the limits as thus determined until the limits are again changed pursuant to the provisions of this section. The expenses of the determination shall be borne equally by the parties.
Adjustment of Coverage. The amount of life insurance coverage to which an employee is entitled shall be adjusted semi-annually on January l and July l of the calendar year to reflect changes in the employee' s annual base salary rate. "
Adjustment of Coverage. Not more frequently than every five (5) years during the term of this Lease if, in the opinion of Landlord based on industry and local standards and Tenant's use of the Premises, the amount of public liability and property damage insurance required to be provided by Tenant is at that time not adequate, Tenant shall increase the insurance coverage as reasonably determined by Landlord to be adequate.
Adjustment of Coverage. Not more frequently than every three (3) years during the term of this Lease if, in the opinion of the Owner based on industry and local standards, the amount of public liability and property damage insurance required to be carried and maintained by the Tenant is at the time not adequate, the Tenant shall increase insurance coverage as reasonably determined by the Owner to be adequate.
Adjustment of Coverage. Premiums. With respect to all insurance carried by the Association pursuant to Sections 7.5 and 7.6 hereof, the Association shall review the same at least annually for the purpose of adjusting the amounts and types of coverage in lightof past experience and reasonably anticipated changes in economic conditions. All premiums for insurance coverage required by this Declaration to be obtained by the Association and for any other insurance deemed necessary by the Association shall be Common Expenses to be included in the Annual Assessments levied by the Association and collected from the Ground Lessees. That portion of the Annual Assessments necessary for the required insurance premiumsshall be separately accounted for by the Association in a reserve fund, to be used solely for the payment of premiums of required insurance as such premiums become due and payable.
