Changes in Insurance Requirements Sample Clauses
The "Changes in Insurance Requirements" clause allows one party, typically the contract issuer, to modify the types or amounts of insurance coverage required under the agreement. In practice, this means that if laws change, risks evolve, or the nature of the work shifts, the party responsible for maintaining insurance may be required to update their policies accordingly. This clause ensures that insurance coverage remains adequate and relevant throughout the contract term, addressing the problem of outdated or insufficient protection as circumstances change.
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. The City shall have the right to periodically review the adequacy of coverage and/or limits of liability in view of inflation and/or a change in loss of exposure and shall have the right to require an increase in such coverage and/or limits upon ninety (90) days prior written notice to the Operator. Should the Operator, despite its best efforts, be unable to maintain any required insurance coverage or limit of liability due to deteriorating insurance market conditions, availability and or cost associated with any request, the Operator may upon thirty (30) days prior written notice request a waiver of any insurance requirements, which request shall not be unreasonably denied.
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. The City of Seattle shall have the right to periodically review the adequacy of coverage and/or limits of liability in view of inflation and/or a change in loss exposures. The City of Seattle shall have the right to require an increase in such coverage and/or limits upon ninety (90) days prior written notice to the Contractor. Should Contractor, despite its best efforts, be unable to maintain any required insurance coverage or limit of liability due to deteriorating insurance market conditions, it may upon thirty (30) days prior written notice request a waiver of any insurance requirement, which request shall not be unreasonably denied.
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.
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 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 WPZS. Should WPZS, despite its best efforts, be unable to maintain any required insurance coverage or limit of liability due to deteriorating insurance market conditions, it may upon thirty (30) days prior written notice request a waiver of any insurance requirement, which request shall not be unreasonably denied.
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 ...
Changes in Insurance Requirements. The City 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 Licensor. Should Licensor, despite its best efforts, be unable to maintain any required insurance coverage or limit of liability due to deteriorating insurance market conditions, it may upon thirty (30) days prior written notice request a waiver of any insurance requirement, which request shall not be unreasonably denied.