Combined Placement Clause Samples
Combined Placement. Promptly after the date hereof, Continental and Contractor shall seek to obtain bids from insurance providers with respect to airline hull and liability insurance, based on Continental's and Contractor's combined exposures. Each party will determine at its own discretion whether it will acquire this insurance based on the bids received. Any insurance so obtained will be a combined placement evidenced as appropriate by separate policies in the names of Continental and Contractor. If either party determines that it does not want to participate in such combined placement of insurance it will provide the other party written notice at least 120 days prior to the date for renewal of any existing insurance policy that covers both Contractor and Continental.
Combined Placement. Subject to Section 6.05, United and Contractor shall continue to seek to obtain bids from insurance providers with respect to Aviation Insurance, based on United’s and Contractor’s combined exposures, until such time, if ever, as United determines that it no longer desires to seek or maintain such combined placement. If United makes such a determination, it shall provide Contractor written notice at least 120 days prior to the date for renewal of any existing insurance policy that covers both Contractor and United.
Combined Placement. Subject to Section 6.05, Continental and Contractor shall continue to seek to obtain bids from insurance providers with respect to Aviation Insurance, based on Continental’s and Contractor’s combined exposures, until such time, if ever, as Continental determines that it no longer desires to seek or maintain such combined placement. If Continental makes such a determination, it shall provide Contractor written notice at least 120 days prior to the date for renewal of any existing insurance policy that covers both Contractor and Continental.
Combined Placement. As outlined in Paragraph B(5) of Schedule 3, United, in its sole discretion, may determine at any time after December 21, 2017, and from time to time thereafter upon not less than one-hundred twenty (120) days prior written notice that it and Contractor shall obtain a combined placement of Aviation Insurance covering United’s and Contractor’s combined exposures. Following such notice period, at United’s instruction, Contractor shall enter into such a combined placement. At any time at which United, in its sole discretion, determines to cease a combined placement, it shall give Contractor not less than one-hundred twenty (120) days prior written notice, and the provisions of Section 6.01 shall apply following such notice period.