Impairment of Limits. In the event the insurance program required by the Owner were to have any pending claim(s), which may limit or exhaust any aggregate limits by more than 20%, the Owner shall be notified within 30 days. The Owner may require additional insurance or reinstatement of the limits of liability, as necessary to protect the financial interest of the Owner.
Appears in 6 contracts
Samples: Standard Articles of Agreement Between Owner & Designer, Design Services Agreement, Standard Articles of Agreement
Impairment of Limits. In the event the insurance program required by the Owner were to have any pending claim(s), which may my limit or exhaust any aggregate limits by more than 20%, the Owner shall be notified within 30 days. The Owner may require additional insurance or reinstatement of the limits of liability, as necessary to protect the financial interest of the Owner.
Appears in 5 contracts
Samples: Insurance Requirements, Insurance Requirements, Insurance Requirements
