Modification of Insurance. Landlord reserves the right to request additional types of insurance that are pertinent and necessary for the proper protection of Tenant’s business operations or changes in the above mentioned minimum insurance requirements due to increase in risk, inflation and/or changes in insurance standards or laws.
Modification of Insurance. Owner may elect to increase or decrease the limits of the above insurance coverage and to carry other or additional reasonable and customary insurance. All premiums on any increased limits of, or other or additional, insurance coverage required by Owner under the immediately preceding sentence shall be paid by Operator and shall be included in the Gross Operating Expenses. If any of the required coverages is not available, Owner shall not have any obligation to provide such coverages, and if Owner has previously elected to have Operator provide the coverages, Operator shall inform Owner of the deviation from the requirements and shall continue to provide coverage meeting all of the other requirements of this Article 12. If Owner has elected to have Operator provide any of the coverages and the unavailability of coverage is due to insurer restrictions, provided that Operator has conducted a process of due diligence to comply with the requirement, the failure to satisfy the insurance requirement in question shall not be a default by Operator under this Agreement.
Modification of Insurance. If any insurance required to be maintained by Seller hereunder ceases to be available on commercially reasonable terms in the commercial insurance market, Seller shall provide written notice to Purchaser, accompanied by a certificate from an independent insurance advisor of recognized national standing, certifying that such insurance is not available on commercially reasonable terms in the commercial insurance market for electric generating plants of similar type, geographic location and design. Upon receipt of such notice, Seller shall use commercially reasonable efforts to obtain other insurance that would provide comparable protection against the risk to be insured, and Purchaser shall not unreasonably withhold its consent to modify or waive such requirement.
Modification of Insurance. After the Closing Date, the Company ------------------------- shall have the right to change insurance carriers to one or more other insurance carriers having the same rating from A.M. Best & Co. or to modify existing insurance policies upon notice to the Agent, without the Agent's consent; provided, however, that on the effective date of such changes and modifications, (i) the Company Parties remain insured in such amounts and covering such risks as is required by any Governmental Authority or other regulatory body having jurisdiction with respect thereto, (ii) such insurance is adequate in amount and scope as is carried generally in accordance with sound business practice by companies in similar businesses similarly situated, (iii) the amount, adequacy and scope of such insurance is substantially similar to that in existence as of the Closing Date, (iv) a loss payee endorsement is delivered to Agent simultaneously with the effective date thereto (there being no grace period for any Event of Default based on the requirements of this Section), and (v) such insurance otherwise complies with all other requirements of this Agreement.
Modification of Insurance. If any insurance required to be maintained by Seller hereunder ceases to be available on commercially reasonable terms in the commercial insurance market, Seller shall provide written notice of such fact to EKPC and Xxxxx RECC, accompanied by a certificate from an independent insurance advisor of recognized national standing, certifying that such insurance is not available on commercially reasonable terms in the commercial insurance market for electric generating plants of similar type, geographic location and design. Upon delivery of such notice, Seller shall be relieved of the affected obligation, and Seller shall use commercially reasonable efforts to obtain other insurance that would provide comparable protection against the risk to be insured. ch insurance shKalEl NbTeUmCaKinYtained byte requPiUreBdLIaCboSvEeR,VfoICrEa CmOinMiMmIuSmSIOofN reement. Xxxxx X. Xxxxxxxx Executive Director A of E ed, in whole or inEFpFaErCt,TIbVyE any Party 10/30/2024 PURSUANT TO 807 KAR 5:011 SECTION 9 (1)
Modification of Insurance. Manager shall have the right, at times deemed appropriate to Manager during the Term of this Agreement, to request that Company modify the insurance minimum limits in order to maintain reasonable coverage amounts, all at Company’s account, provided that this Section 12.3 shall not be construed to require Manager to determine appropriate insurance coverage for Company.
Modification of Insurance. Owner may require Manager to increase the limits of the above insurance coverage and may require Manager to carry other or additional reasonable and customary insurance. All premiums on any increased limits of, or other or additional, insurance coverage required by Owner under the immediately preceding sentence shall be included in the Gross Operating Expenses. In no event shall insurance coverage be less than that required by Lender, the License Agreement or to comply with Legal Requirements.
Modification of Insurance. Administrator shall have no authority to alter, modify, or waive or change in any way the provisions, terms or conditions of insurance contained in the Insurance Products.
Modification of Insurance. If any insurance required to be maintained by Seller hereunder ceases to be available on commercially reasonable terms in the commercial insurance market, Seller shall provide written notice of such fact to EKPC and FME, accompanied by a certificate from an independent insurance advisor of recognized national standing, certifying that such insurance is not available on commercially reasonable terms in the commercial insurance market for electric generating plants of similar type, geographic location and design. Upon delivery of such notice, Seller shall be relieved of the affected obligation, and Seller shall use commercially reasonable efforts to obtain other insurance that would provide comparable protection against the risk to be insured.
Modification of Insurance. In the event that, as a result of changed circumstances from time to time, comparable landlords and/or tenants in the area in which the demised premises are located are typically carrying kinds or amounts of insurance that exceed the requirements of this Lease, Tenant shall, within thirty (30) days following written demand by Landlord, obtain and thereafter maintain in effect such additional insurance, which shall, to the extent reasonably applicable, conform to, and be governed by, the existing insurance provisions of this Lease.
