Common use of Notice of Cancellation/Coverage Reduction Clause in Contracts

Notice of Cancellation/Coverage Reduction. Licensor shall insure that each insurance policy required under this Section 4.7 shall contain a "notice of cancellation/coverage reduction" provision requiring the insurer to give at least thirty (30) days prior written notice to Licensee of the cancellation of and/or material change to (including, but not limited to, a reduction in coverage under such insurance policy) its insurance policy.

Appears in 2 contracts

Samples: License and Reagent Purchase Agreement (Headwaters Inc), License and Reagent Purchase Agreement (Headwaters Inc)

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Notice of Cancellation/Coverage Reduction. Licensor shall insure that each insurance policy required under this Section 4.7 4.8 shall contain a "notice of cancellation/coverage reduction" provision requiring the insurer to give at least thirty (30) days prior written notice to Licensee of the cancellation of and/or material change to (including, but not limited to, a reduction in coverage under such insurance policy) its insurance policy.

Appears in 2 contracts

Samples: License and Binder Purchase Agreement (Headwaters Inc), License and Binder Purchase Agreement (Headwaters Inc)

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