Common use of INCREASE IN LIABILITY LIMITS Clause in Contracts

INCREASE IN LIABILITY LIMITS. Irvine may from time to time require that the limits of liability for any insurance policy to be maintained under this Article 9 be increased, provided that no such increase shall cause the limits of liability to exceed the greater of: (a) the limits of liability required by FirstWorld's Lenders; or (b) the limits of liability set forth in this Article 9 increased by the same percentage increase as the percentage increase in the CPI from and after the date of this Agreement.

Appears in 2 contracts

Samples: Lease Agreement (Firstworld Communications Inc), Lease Agreement (Firstworld Communications Inc)

AutoNDA by SimpleDocs

INCREASE IN LIABILITY LIMITS. Irvine may from time to time require that the limits of liability for any insurance policy to be maintained under this Article 9 16 be increased, provided that no such increase shall cause the limits of liability to exceed the greater of: (a) the limits of liability required by FirstWorld's Lenders; or (b) the limits of liability set forth in this Article 9 16 increased by the same percentage increase as the percentage increase in the CPI from and after the date of this Agreement.

Appears in 2 contracts

Samples: Telecommunications System License Agreement (Firstworld Communications Inc), Telecommunications System License Agreement (Firstworld Communications Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!