Future Modifications. Changes in Circumstances: 1. Changes in Coverages and Required Limits of Insurance The coverages and minimum limits of insurance required by the contract are based on circumstances in effect at the inception of the contract. If, in the opinion of the Authority, circumstances merit a change in such coverages or minimum limits of insurance required by the contract, the Authority may change the coverages and minimum limits of insurance required, and the company will, within 60 days of receipt of written notice of a change in the coverages and minimum limits required, comply with such change and provide evidence of such compliance in the manner required by the contract. Provided, however, that no change in the coverages or minimum limits of insurance required will be made until at least two years after inception of the contract. Subsequent changes in the coverages or minimum limits of insurance will not be made until at least two years after any prior change unless extreme conditions warrant such change and are agreeable to both parties. If, in the opinion of the Authority, compliance with the insurance requirements is not commercially practicable for the company, at the written request of the company, the Authority may, at its sole discretion and subject to any conditions it deems appropriate, relax or temporarily suspend, in whole or in part, the insurance requirements which would otherwise apply to the company. Any such modification will be subject to the prior written approval of the Vice President of Facilities and Administration or designee, and subject to the conditions of such approval.
Appears in 3 contracts
Samples: Contract for Design Build Services, Contract for Design Build Services, Design Professional Services Agreement
Future Modifications. Changes in Circumstances:
1. Changes in Coverages and Required Limits of Insurance The coverages and minimum limits of insurance required by the contract are based on circumstances in effect at the inception of the contract. If, in the opinion of the Authority, circumstances merit a change in such coverages or minimum limits of insurance required by the contract, the Authority may change the coverages and minimum limits of insurance required, and the company will, within 60 days of receipt of written notice of a change in the coverages and minimum limits required, comply with such change and provide evidence of such compliance in the manner required by the contract. Provided, however, that no change in the coverages or minimum limits of insurance required will be made until at least two years after inception of the contract. Subsequent changes in the coverages or minimum limits of insurance will not be made until at least two years after any prior change unless extreme conditions warrant such change and are agreeable to both parties. If, in the opinion of the Authority, compliance with the insurance requirements is not commercially practicable for the company, at the written request of the company, the Authority may, at its sole discretion and subject to any conditions it deems appropriate, relax or temporarily suspend, in whole or in part, the insurance requirements which would otherwise apply to the company. Any such modification will be subject to the prior written approval of the Executive Vice President of Facilities and Administration or designee, and subject to the conditions of such approval.
Appears in 1 contract
Samples: Memorandum of Understanding
Future Modifications. Changes in Circumstances:
1. Changes in Coverages and Required Limits of Insurance The coverages and minimum limits of insurance required by the contract are based on circumstances in effect at the inception of the contract. If, in the opinion of the Authority, circumstances merit is required, due to a change in law or regulation, or other extreme conditions, to request a change in such coverages or minimum limits of insurance required by the contract, the Authority may change Parties will confer regarding the coverages and minimum limits of insurance requiredproposed change, and the company willif such change is agreeable to both Parties, within 60 days of receipt of written notice of a change in the coverages and minimum limits required, Company will comply with such change and provide evidence of such compliance in the manner required by the contract. Provided, however, that no change in the coverages or minimum limits of insurance required will be made until at least two years after inception of the contract. Subsequent changes in the coverages or minimum limits of insurance will not be made until at least two years after any prior change unless extreme conditions warrant such change and are agreeable to both parties. If, in the opinion of the Authority, compliance with the insurance requirements is not commercially practicable for the company, at the written request of the company, the Authority may, at its sole discretion and subject to any conditions it deems appropriate, relax or temporarily suspend, in whole or in part, the insurance requirements which would otherwise apply to the company. Any such modification will be subject to the prior written approval of the Vice President of Facilities and Administration or designee, and subject to the conditions of such approval.
Appears in 1 contract
Samples: Maintenance Contract
Future Modifications. Changes in Circumstances:
1. Changes in Coverages Coverage and Required Limits of Insurance The coverages coverage and minimum limits of insurance required by the contract Contract are based on circumstances in effect at the inception of the contractContract. If, If in the opinion of the AuthorityOwner, circumstances merit a change in such coverages coverage or minimum limits of insurance required by the contractContract, the Authority Owner may change the coverages coverage and minimum limits of insurance required, and the company Consultant will, within 60 days of receipt of written notice of a change in the coverages coverage and minimum limits required, comply with such change and provide evidence of such compliance in the manner required by the contractContract. Provided, however, that no change in the coverages coverage or minimum limits of insurance required will be made by the Owner until at least two years after inception of the contractthis Contract. Subsequent changes in the coverages coverage or minimum limits of insurance will not be made by the Owner until at least two years after any prior change by the Owner unless extreme conditions warrant such change and are agreeable to both parties. If, If in the opinion of the Authority, Owner compliance with the insurance requirements is not commercially practicable for the companyConsultant, at the written request of the companyConsultant, the Authority Owner may, at its sole discretion and subject to any conditions it deems appropriate, relax or temporarily suspend, in whole or in part, the insurance requirements which would otherwise apply to the companyConsultant. Any such modification will be subject to the prior written approval of the Vice President of Facilities and Administration or designeeOwner, and subject to the conditions of such approval.
Appears in 1 contract
Future Modifications. Changes in Circumstances:
1. Changes in Coverages and Required Limits of Insurance The coverages and minimum limits of insurance required by the contract are based on circumstances in effect at the inception of the contract. If, in the opinion of the Authority, circumstances merit a change in such coverages or minimum limits of insurance required by the contract, the Authority may may, if such change is commercially available and if the Authority pays the costs, change the coverages and minimum limits of insurance required, and the company will, within 60 days of receipt of written notice of a change in the coverages and minimum limits required, comply with such change and provide evidence of such compliance in the manner required by the contract. Provided, however, that no change in the coverages or minimum limits of insurance required will be made until at least two years after inception of the contract. Subsequent changes in the coverages or minimum limits of insurance will not be made until at least two years after any prior change unless extreme conditions warrant such change and are agreeable to both parties. If, in the opinion of the Authority, compliance with the insurance requirements is not commercially practicable for the company, at the written request of the company, the Authority may, at its sole discretion and subject to any conditions it deems appropriate, relax or temporarily suspend, in whole or in part, the insurance requirements which would otherwise apply to the company. Any such modification will be subject to the prior written approval of the Vice President of Facilities and Administration or designee, and subject to the conditions of such approval.
Appears in 1 contract