Common use of Changes In Coverage Limits Clause in Contracts

Changes In Coverage Limits. Five (5) years from the Commencement Date of this Lease, and every five (5) years from that date forward through the termination of this Lease, the City Manager or his designee shall review and determine whether any of the insurance coverages and/or limits of coverage are insufficient, according to industry standards, to protect CITY from loss associated with Tenant's activities and operations under this Lease. CITY shall provide Tenant with written notice of any required changes in insurance policies and/or policy limits. Tenant shall effect the required changes no later than the next annual renewal of the applicable insurance policy following the date of CITY's written notification. Tenant shall submit to CITY new certificate(s) of insurance indicating that the required changes have been effected. Said certificates shall be submitted to CITY no later than thirty (30) days following the effective date of the affected policies