Changes in Insurance Requirements. Not more frequently than once annually, if in the opinion of District the amount of the foregoing insurance coverages is not adequate or the type of insurance or its coverage adequacy is deemed insufficient, Contractor shall amend the insurance coverage as required by District's Risk Manager or designee.
Changes in Insurance Requirements. IFA shall notify Design-Build Contractor in writing of any changes in the requirements applicable to insurance required to be provided by Design-Build Contractor. Except as set forth in Section 9.2.8, any additional cost from such change shall be paid by IFA and any reduction in cost shall reduce the Contract Price pursuant to a Change Order.
Changes in Insurance Requirements. All insurance required by Section 16 shall be evaluated for adequacy by Lessor not less frequently than three (3) years from the Commencement Date and shall be re-evaluated by Lessor as a condition to all Alterations (other than minor Alterations) or reconstruction of or major repairs to the Premises. Lessor may elect at its sole discretion to incorporate its evaluation of insurance requirements under this Section E-7 as part of the Annual Review.
Changes in Insurance Requirements. (a)In the event one or more additional locations become Leased Property or Capital Improvements during the Term, whether through acquisition, lease, new construction or other means, Landlord may reasonably amend the insurance requirements set forth in this Article XIII to properly address new risks or exposures to loss, in accordance with the procedures set forth in this Section 13.6(a). For example, for construction projects, different forms of insurance may be required, such as builders risk, and Landlord and Tenant shall mutually agree upon insurance requirements applicable to the construction contractors. Tenant and Landlord shall work together in good faith to exchange information (including proposed construction agreements) and ascertain appropriate insurance requirements prior to Tenant being required to amend its insurance under this Section 13.6(a); provided, however, that any revision to insurance shall only be required if the revised insurance would be customarily maintained by similarly situated tenants engaged in the same or similar businesses operating in the same or similar locations as the applicable Leased Property. If Tenant and Landlord are unable to reach a resolution within thirty (30) days of the original notice of requested revision, the arbitration provisions set forth in Section 34.2 shall control. (b)In the event that (1) the operations of Tenant change in the future, and Tenant believes adjustments in Deductibles, insured limits or coverages are warranted, (2) Tenant desires to increase one or more Deductibles, reduce limits of liability below those in place as of the Commencement Date or materially reduce coverage, or (3) not more than once during any twelve (12) month period (or more frequently in connection with a financing or refinancing of a Fee Mortgage), Landlord reasonably determines that the insurance carried by Tenant is not, for any reason (whether by reason of the type, coverage, deductibles, insured limits, the reasonable requirements of Fee Mortgagees, or otherwise) commensurate with insurance customarily maintained by similarly situated tenants engaged in the same or similar businesses operating in the same or similar locations, the party seeking the change will advise the other party in writing of the requested insurance revision. Tenant and Landlord shall work together in good faith to determine whether the requested insurance revision shall be made; provided, however, that any revision to insurance shall only be...
Changes in Insurance Requirements. All insurance required by this Article 23 shall be evaluated for adequacy by Landlord not less frequently than every five (5) years from the Commencement Date and shall be re-evaluated by Landlord as a condition to all Alterations (other than Minor Alterations) or reconstruction of or major repairs to the Premises.
Changes in Insurance Requirements. All insurance required by this Section 23 shall be evaluated for adequacy by Lessor and Lessee not less frequently than every five (5) years from the Commencement Date and shall be re-evaluated by Lessor as a condition to all Major Alterations or reconstruction of or major repairs to the Xxxxxxx Warehouse; provided, however, that if Lessee or Lessor cannot agree upon the amounts, limits and deductibles of any insurance required pursuant to this Section 23, such amounts, limits and deductibles shall be subject to determination by alternative dispute resolution in accordance with the provisions of Section 33 below.
Changes in Insurance Requirements. In the event the Agent, pursuant to the Financing Agreements, amends the requirements or approved insurance companies applicable to this Section 10, this Section 10 shall be likewise amended. In the event any insurance (including the limits or deductibles thereof) hereby required to be maintained shall not be reasonably available and commercially feasible in the commercial insurance market, Operator shall notify Owner of such fact and shall provide Owner evidence thereof
Changes in Insurance Requirements. Lender may change its insurance requirements from time to time throughout the term of the Secured Obligations by giving notice of such changes to Borrower. Without limiting the generality of the foregoing, Borrower shall from time to time obtain such additional coverages or make such increases in the amounts of existing coverage as may be required by written notice from Lender.
Changes in Insurance Requirements. No more often than once per Lease Year, the Lessor may review the insurance coverages required by this Lease, including without limitation the insurance replacement values in Exhibit F, to determine whether those coverages are sufficient to protect the Lessor’s interests as owner of the Premises. If the Lessor determines that the insurance coverages are not sufficient, then the Lessor may adjust or change the required insurance, and the Lessee, at its sole expense, must obtain insurance that meets the new requirements.
Changes in Insurance Requirements. The City and the County shall have the right to periodically review the adequacy of coverages and/or limits of liability in view of inflation and/or a change in loss exposures and shall have the right to require an increase in such coverages and/or limits upon ninety (90) days prior written notice to the WDC. Should WDC or its contractor(s), despite their best efforts, be unable to maintain any required insurance coverage or limit of liability due to deteriorating insurance market conditions, WDC may upon thirty (30) days prior written notice request a waiver of any insurance requirement, which request shall not be unreasonably denied. No Limitation of Liability: Insurance coverage and limits of liability as specified herein are minimum coverage and limit of liability requirements only; they shall not be construed to limit the liability of WDC and its contractor(s) or any insurer for any claim required to be covered hereunder. Moreover, The City, the County, and the CLEOs shall be additional insureds, where additional insured status is required, for the full available limits of liability maintained by WDC and its contractor(s), whether those limits are primary, excess, contingent or otherwise. WDC expressly understands and agrees that this provision shall override any limitation of liability or similar provision in any agreement or statement of work between The City and/or County and WDC.
