Common use of Increase in Insurance Clause in Contracts

Increase in Insurance. The parties each agree that they shall consult with each other from time to time regarding the appropriate amounts of coverage that should be maintained by entities which provide services similar to MMC and Vendor hereunder, and the parties agree that they shall increase the amount of their respective insurance coverages if the parties reasonably determine that sound or prudent business practices warrant such an increase.

Increase in Insurance. The parties each agree that they shall consult with each other from time to time regarding the appropriate amounts of coverage that should be maintained by entities which provide services similar to MMC and Vendor hereunder, and the parties agree that they shall increase the amount of their respective insurance coverages if the parties reasonably mutually determine that sound or prudent business practices warrant such an increase.