Common use of Increase in Limits Clause in Contracts

Increase in Limits. In the event that a Facility Mortgagee shall at any time reasonably determine the limits of the personal injury or property damage, or public liability insurance then carried to be insufficient, Lessee shall thereafter carry the insurance with increased limits until further change pursuant to the provisions of this Section; provided that if Lessor desires to increase the limits of insurance, and such is not pursuant to the request of a Facility Mortgagee, then Lessor may not demand an increase in limits above the limits generally consistent with the requirements of owners of long term care properties in the state in which the applicable Facility is located.

Appears in 12 contracts

Samples: Lease (Alterra Healthcare Corp), Master Lease Agreement (Assisted Living Concepts Inc), Master Lease Agreement (Alterra Healthcare Corp)

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