Common use of Lapse of Coverage Clause in Contracts

Lapse of Coverage. The Policies shall not be canceled or allowed to lapse, and no change shall be made altering, restricting, or reducing the insurance provided or changing the name of the insured without giving immediate notice in writing to FirstEnergy Service Company, Insurance Risk Management, 00 Xxxxx Xxxx Xxxxxx, Xxxxx, Xxxx 00000, with receipt of notice acknowledged. In the event of cancellation or lapse of or prohibited change in any Policy, Purchaser shall have the right to suspend provision of the Work by Supplier until the Policy and certificates in evidence thereof are reinstated or arrangements acceptable to Purchaser are made pending issuance of new Policies and certificates. If any Policy shall be about to lapse or be canceled, Supplier shall, obtain a new Policy with like coverage, and if Supplier fails to do so, Purchaser may terminate the Agreement.

Lapse of Coverage. The Policies shall not be canceled or allowed to lapse, and no change shall be made in this policy altering, restrictingrestricting or reducing, or reducing the insurance provided or changing the name of the insured without giving immediate notice in writing to FirstEnergy Service Company, Insurance Risk Management, 00 Xxxxx Xxxx Xxxxxx, Xxxxx, Xxxx 00000, with receipt of notice acknowledged. In the event of cancellation or lapse of or prohibited change in any Policy, Purchaser shall have the right to suspend the provision of the Work by Supplier of Contractor until the Policy and certificates in evidence thereof are reinstated or arrangements acceptable to Purchaser are made pending issuance of new Policies and certificates. If any Policy shall be about to lapse or be canceled, Supplier shall, Contractor shall obtain a new Policy with like coverage, and if Supplier Contractor fails to do so, Purchaser may terminate the Agreement.

Lapse of Coverage. The Policies shall not be canceled or allowed to lapse, and no change shall be made altering, restricting, restricting or reducing the insurance provided or changing the name of the insured without giving immediate notice in writing to FirstEnergy Service Company, Insurance Risk Management, 00 Xxxxx Xxxx Xxxxxx, Xxxxx, Xxxx 00000, with receipt of notice acknowledged. In the event of cancellation or lapse of or prohibited change in any Policy, Purchaser shall have the right to suspend provision of the Work by Supplier Consultant until the Policy and certificates in evidence thereof are reinstated or arrangements acceptable to Purchaser are made pending issuance of new Policies and certificates. If any Policy shall be about to lapse or be canceled, Supplier Consultant shall, obtain a new Policy with like coverage, and if Supplier Consultant fails to do so, Purchaser may terminate the Agreement.

Lapse of Coverage. The Policies shall not be canceled or allowed to lapse, and no material change shall be made altering, restricting, restricting or reducing the insurance provided or changing the name of the insured without giving immediate notice in writing to FirstEnergy Service Company, Insurance Risk Management, 00 Xxxxx Xxxx Xxxxxx, Xxxxx, Xxxx 00000, with receipt of notice acknowledged. In the event of cancellation or lapse of or prohibited change in any Policy, Purchaser shall have the right to suspend provision of the Work by Supplier until the Policy and certificates in evidence thereof are reinstated or arrangements acceptable to Purchaser are made pending issuance of new Policies and certificates. If any Policy shall be about to lapse or be canceled, Supplier shall, shall obtain a new Policy with like coverage, and if Supplier fails to do so, Purchaser may terminate the Agreement.

Lapse of Coverage. The Policies shall not be canceled or allowed to lapse, and no material change shall be made altering, restricting, restricting or reducing the insurance provided or changing the name of the insured without giving immediate notice in writing to FirstEnergy Service Company, Insurance Risk Management, 00 Xxxxx Xxxx Xxxxxx, Xxxxx, Xxxx 00000, with receipt of notice acknowledged. In the event of cancellation or lapse of or prohibited change in any Policy, Purchaser shall have the right to suspend provision of the Work work by Supplier until the Policy and certificates in evidence thereof are reinstated or arrangements acceptable to Purchaser are made pending issuance of new Policies and certificates. If any Policy shall be about to lapse or be canceled, Supplier shall, obtain a new Policy with like coverage, and if Supplier fails to do so, Purchaser may terminate the Agreement.

Lapse of Coverage. The Policies shall not be canceled or allowed to lapse, and no change shall be made altering, restricting, restricting or reducing the insurance provided or changing the name of the insured without giving immediate notice in writing to FirstEnergy Service Company, Insurance Risk Management, 00 Xxxxx Xxxx Xxxxxx, Xxxxx, Xxxx 00000, with receipt of notice acknowledged. In the event of cancellation or lapse of or prohibited change in any Policy, Purchaser shall have the right to suspend provision of the Work by Supplier until the Policy and certificates in evidence thereof are reinstated or arrangements acceptable to Purchaser are made pending issuance of new Policies and certificates. If any Policy shall be about to lapse or be canceled, Supplier shall, shall obtain a new Policy with like coverage, and if Supplier fails to do so, Purchaser may terminate the Agreement.

Lapse of Coverage. The Policies shall not be canceled or allowed to lapse, and no change shall be made in this policy altering, restricting, or reducing the insurance provided or changing the name of the insured without giving immediate notice in writing to FirstEnergy Service Company, Insurance Risk Management, 00 Xxxxx Xxxx Xxxxxx, Xxxxx, Xxxx 00000, with receipt of notice acknowledged. In the event of cancellation or lapse of or prohibited change in any Policy, Purchaser shall have the right to suspend the provision of the Work by of Supplier until the Policy and certificates in evidence thereof are reinstated or arrangements acceptable to Purchaser are made pending issuance of new Policies and certificates. If any Policy shall be about to lapse or be canceled, Supplier shall, shall obtain a new Policy with like coverage, and if Supplier fails to do so, Purchaser may terminate the Agreement.