Common use of Obligation to notify and assist Clause in Contracts

Obligation to notify and assist. (a) Each Participant must immediately notify in writing the other Participants of any relevant changes to the terms and conditions of the insurance policies it is required to maintain under this Agreement including changes to the available coverage or limits, but only to the extent that the relevant Participant’s insurance policy does not comply with the insurance requirements specified in this Agreement. (b) The NOPs and PTV must provide the Owner Participant with all reasonable assistance and all information reasonably required by the Owner Participant within the timeframes and in the format specified by the Owner Participant to enable the Owner Participant to obtain, effect and maintain the policies referred to in clause 22.1.

Obligation to notify and assist. (a) Each Participant must immediately notify in writing the other Participants of any relevant changes to the terms and conditions of the insurance policies it is required to maintain under this Agreement including changes to the available coverage or limits, but only to the extent that the relevant Participant’s insurance policy does not comply with the insurance requirements specified in this Agreement. (b) The NOPs and PTV Non-Owner Participants must provide the Owner Participant with all reasonable assistance and all information reasonably required by the Owner Participant within the timeframes and in the format specified by the Owner Participant to enable the Owner Participant to obtain, effect and maintain the policies referred to in clause 22.119.1.