Cancellation of Insurance or Reduction in Coverage Sample Clauses

Cancellation of Insurance or Reduction in Coverage. Tenant agrees that it, its employees, agents, occupants and invitees will not keep in or upon the Demised Premises any article or substance which may be prohibited by the insurance policies mentioned above, or do or omit, or permit to be done or omitted anything which will cause the cancellation of any insurance policy. If any insurance policy should be cancelled or the coverage reduced or a threat of cancellation or reduction of coverage made by reason of anything arising out of the use or occupation of the Demised Premises by Xxxxxx, whether or not the first sentence of this section has been complied with, and if Tenant fails to remedy the condition giving rise to such cancellation, reduction or threat, upon ten (10) days' notice thereof by the Landlord, the Landlord may enter the Demised Premises and remedy the condition at the sole cost and expense of Tenant which cost and/or expense shall be payable to the Landlord forthwith on demand as rent in arrears, and in addition or in the alternative, may exercise any other remedy available to it.
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Cancellation of Insurance or Reduction in Coverage. (1) If the Subtenant fails to take out or to keep in force any insurance referred to in this Section, or should any insurance not be approved by the Sublandlord and should the Subtenant not rectify the situation within forty eight (48) hours after notice by the Sublandlord (stating if the Sublandlord does not approve of such insurance, the reasons therefore) the Headlandlord or Sublandlord may, without any obligation and without prejudice to any other rights and remedies of the Sublandlord under this Sublease: (a) take out the insurance at the Subtenant's expense, payable on demand; (b) enter the Demised Premises and remedy the condition at the sole cost and expense of Subtenant which cost and/or expense shall be payable to the Sublandlord forthwith on demand as rent in arrears; and/or (3) may exercise any other remedy available to it. (2) The Subtenant shall not permit anything to be in the Demised Premises or in the Headlandlord Lands which may be prohibited by any insurance policy in force from time to time covering the Demised Premises or the Lands or do or omit, or permit to be done or omitted anything which will cause the cancellation of any insurance policy. If: (a) the occupancy of the Demised Premises; (b) the activities in or on the Demised Premises or the Headlandlord Lands done, omitted, or permitted to be done or omitted by the Subtenant or those for whom it is responsible at law; or (c) any acts or omissions of the Subtenant in the Demised Premises or the Lands or any part of it, results in an increase in premiums for the insurance carried by the Headlandlord or Sublandlord with respect to the Lands, the Subtenant shall pay any such increase in premiums immediately upon demand of the Sublandlord. In determining whether the Subtenant is responsible for the increased premiums, the decision by the Headlandlord or Sublandlord’s insurers shall be conclusive evidence of the several items and charges which make up the insurance rate. The Subtenant shall comply promptly with the requirements of the Headlandlord or Sublandlord’s insurers, pertaining to the Demised Premises, the Headlandlord Lands, or the Lands.
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Related to Cancellation of Insurance or Reduction in Coverage

  • Cancellation of Insurance There will be no cancellation or reduction of coverage of any required insurance without thirty (30) days’ written notice to the Contractor. Such notice may be sent by the Subcontractor’s insurance carrier, insurance broker, or the Subcontractor. Waiver of Subrogation. Subcontractor waives all rights against Contractor, Client, other subcontractors, and their agents.

  • Termination of Insurance A. Your policy will lapse if you do not pay your premium when due. B. We may cancel your policy by mailing written notice to you at your most recent address in our records. We will send you this notice ten (10) days before we cancel your policy. C. You may cancel your policy at any time by notifying us in writing. D. We will refund unearned premiums on a prorated basis if either you or we cancel your policy.

  • Duration of Insurance Contribution An employee is eligible for School District contributions as provided in this Article as long as an employee is employed by the School District. Employees whose employment terminates during the school year will be eligible for insurance and district contributions to insurance through the end of the month in which they terminate provided they pay the employee portion of the insurance premium for that month. Otherwise, the employee’s insurance will terminate as of the last day of employment.

  • Continuation of Insurance All policies of insurance shall provide for at least 30 days prior written cancellation notice to the Secured Party. In the event of failure by the Debtor to provide and maintain insurance as herein provided, the Secured Party may, at its option, provide such insurance and charge the amount thereof to the Debtor. The Debtor shall furnish the Secured Party with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

  • Insurance or Other Medical Coverage Patient acknowledges and understands that this Agreement is not an insurance plan, and not a substitute for health insurance or other health plan coverage (such as membership in an HMO). It will not cover hospital services, or any services not personally provided by Direct Doctors. Patient acknowledges that Direct Doctors has advised that patient obtain or keep in full force such health insurance policy(s) or plans that will cover Patient for general healthcare costs. Patient acknowledges that this Agreement is not a contract that provides health insurance, and this Agreement is not intended to replace any existing or future health insurance or health plan coverage that Patient may carry.

  • Maintenance of Insurance Coverage Each party agrees to maintain throughout the term of this Agreement professional liability insurance coverage of the type and amount reasonably customary in its industry. Upon request, a party shall furnish the other party with pertinent information concerning the professional liability insurance coverage that it maintains. Such information shall include the identity of the insurance carrier(s), coverage levels, and deductible amounts.

  • Application of Insurance Proceeds Grantor shall promptly notify Lender of any loss or damage to the Collateral. Lender may make proof of loss if Grantor fails to do so within fifteen (15) days of the casualty. All proceeds of any insurance on the Collateral, including accrued proceeds thereon, shall be held by Lender as part of the Collateral. If Lender consents to repair or replacement of the damaged or destroyed Collateral, Lender shall, upon satisfactory proof of expenditure, pay or reimburse Grantor from the proceeds for the reasonable cost of repair or restoration. If Lender does not consent to repair or replacement of the Collateral, Lender shall retain a sufficient amount of the proceeds to pay all of the Indebtedness, and shall pay the balance to Grantor. Any proceeds which have not been disbursed within six (6) months after their receipt and which Grantor has not committed to the repair or restoration of the Collateral shall be used to prepay the Indebtedness.

  • Maintenance of Insurance; Policy Provisions The Contractor, at no additional direct cost to NYSERDA, shall maintain or cause to be maintained throughout the term of this Agreement, insurance of the types and in the amounts specified in the Section hereof entitled Types of Insurance. All such insurance shall be evidenced by insurance policies, each of which shall: (a) except policies in evidence of insurance required under Section 11.02(b), name or be endorsed to cover NYSERDA, the State of New York and the Contractor as additional insureds; (b) provide that such policy may not be cancelled or modified until at least 30 days after receipt by NYSERDA of written notice thereof; and (c) be reasonably satisfactory to NYSERDA in all other respects.

  • Modification of insurance requirements The Security Trustee shall notify the Borrower of any proposed modification under Clause 13.18 to the requirements of this Clause 13 which the Majority Lenders consider appropriate in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrower as an amendment to this Clause 13 and shall bind the Borrower accordingly.

  • Separation of Insureds All liability policies shall provide cross-liability coverage as would be afforded by the standard ISO (Insurance Services Office, Inc.) separation of insureds provision with no insured versus insured exclusions or limitations.

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