Adjustments in Coverage Amounts. (a) All insurance coverage limits stipulated in Section 17.01(b), as well as deductibles and self-insured retentions, will be reviewed every three years and adjusted as appropriate, in line with such amounts that would be insured by a prudent business similar to, and undertaking similar activities to, the Concessionaire; provided, that no such review or adjustments will be required with respect to insurance coverage required for the Design-Build Work.
Adjustments in Coverage Amounts. (a) At least once every three years during the Maintenance Term (commencing initially three years after the Effective Date), TxDOT and Maintenance Contractor shall review and increase, as appropriate, the per occurrence and aggregate limits or combined single limits for the insurance policies required under this Agreement that have stated dollar amounts set forth in Exhibit 10. At the same frequency TxDOT and Maintenance Contractor shall review and adjust, as appropriate, the deductibles for such policies.
Adjustments in Coverage Amounts. 1. At least once every [two] years during the Term (commencing initially on the Substantial Completion Date), the Department and Developer shall review and adjust, as appropriate, the per occurrence and aggregate limits for the Insurance Policies that have stated dollar amounts set forth in Appendix 8.
Adjustments in Coverage Amounts a. At the earlier of (i) ninety (90) days prior to the renewal date of any Insurance Policy required hereunder, where the premium increases or decreases by thirty percent (30%) over or under the preceding year’s premium and (ii) every five (5) years during the Term (commencing initially on the Substantial Completion Date), IFA and Developer shall review and increase or decrease, as appropriate, the per-occurrence and aggregate limits or combined single limits for the Insurance Policies that have stated dollar amounts set forth in Exhibit 18 (Insurance Coverage Requirements). At the same frequency IFA and Developer shall review and adjust, as appropriate, the deductibles for the Insurance Policies.
Adjustments in Coverage Amounts. (a) The Developer, at its sole cost and expense, will review and adjust upward as appropriate all insurance coverage limits stipulated in Section 17.01(b), as well as deductibles and self-insured retentions, so as to be in line with such amounts that would be insured by a prudent business similar to, and undertaking similar activities to, the Developer; provided, that no such review or adjustments will be required with respect to insurance coverage required for the Design-Build Work.
Adjustments in Coverage Amounts a. At least once every two years during the Term (commencing initially on the Substantial Completion Date), IFA and Developer shall review and increase, as appropriate, the per occurrence and aggregate limits or combined single limits for the Insurance Policies that have stated dollar amounts set forth in Exhibit 19 (Insurance Coverage Requirements). At the same frequency IFA and Developer shall review and adjust, as appropriate, the deductibles for the Insurance Policies.
Adjustments in Coverage Amounts. 19.2.12.1 At least once every two years during the Term (commencing initially on the D&C Work Completion Date), the Authority and Developer shall review and adjust, as appropriate, the per occurrence and aggregate limits for the Insurance Policies that have stated dollar amounts set forth in Exhibit 10 (Insurance Coverage Requirements), other than any professional liability errors and omissions or pollution liability Insurance Policies.
Adjustments in Coverage Amounts. (a) At least once every two years during the Term (commencing initially on the Passenger Service Availability Date), LAWA and Developer shall review and adjust, as appropriate, the per occurrence and aggregate limits for the Insurance Policies that have stated dollar amounts set forth in Exhibit 7 (Insurance Requirements).
Adjustments in Coverage Amounts. 94 Section 17.05 Unavailability of Insurance .....................................................................95 Section 17.06 Failure to Obtain Insurance Coverage ..................................................96 Section 17.07 Restoration; Insurance Proceeds ............................................................96 Section 17.08 Performance Security ..............................................................................99
Adjustments in Coverage Amounts. (a) The Developer, at its sole cost and expense, will review and recommend upward adjustments as appropriate to all insurance coverages stipulated in Section 17.01(b) as well as adjustments to deductible and self-insured retentions, as appropriate for... (b) In determining increases in limits and adjustments to deductibles or self-insured retentions, the parties will take into account (A) Claims and Loss experience for the Project, provided, that premium increases due to adverse Claims experience will... (c) In connection with such review, the Developer will deliver to the Department evidence that such insurance is in effect, together with the Developer’s certification that such insurance is in line with amounts that would be insured by such a prudent... (d) Any Dispute regarding increases in limits or adjustments to deductibles or self-insured retentions will be resolved according to the dispute resolution procedures under Article 21.
