Common use of Policy Cancellation and Change Clause in Contracts

Policy Cancellation and Change. All policies of insurance required to be maintained pursuant to this Section 2.9 shall be endorsed so that if at any time they are cancelled, or their coverage is reduced (by any party including the insured) so as to affect the interests of the Lessor, such cancellation or reduction shall not be effective as to the Lessor for 30 days, except for non-payment of premium which shall be for 10 days, after receipt by the Lessor of written notice from such insurer of such cancellation or reduction.

Appears in 2 contracts

Samples: Construction Agency Agreement (Checkfree Corp \Ga\), Construction Agency Agreement (Choicepoint Inc)

AutoNDA by SimpleDocs

Policy Cancellation and Change. All policies of insurance required to be maintained pursuant to this Section 2.9 3.5(a) shall be endorsed so that if at any time should they are cancelledbe canceled, or their coverage is be reduced (by any party including the insured) so as to affect which affects the interests of the Lessorany Financing Party, such cancellation or reduction shall not be effective as to the Lessor any Financing Party for 30 60 days, except for non-payment of premium which shall be for 10 days, after receipt by the Lessor and the Agent of written notice from such insurer of such cancellation or reduction.

Appears in 2 contracts

Samples: Agency Agreement (Human Genome Sciences Inc), Agency Agreement (United Therapeutics Corp)

Policy Cancellation and Change. All policies of insurance required to be maintained pursuant to this Section 2.9 Schedule 9.2 shall be endorsed so that if at any time they are cancelled, or their coverage is reduced (by any party including the insured) so as to affect the interests of the LessorCollateral Agent and the Holders and any other Secured Party, such cancellation or reduction shall not be effective as to the Lessor Secured Parties for 30 thirty (30) days, except for non-payment of premium which shall be for 10 ten (10) days, after receipt by the Lessor Purchaser of written notice from such insurer of such cancellation or reduction.

Appears in 2 contracts

Samples: Note Purchase Agreement (InfraREIT, Inc.), Lease Agreement (InfraREIT, Inc.)

Policy Cancellation and Change. All policies of insurance ------------------------------ required to be maintained pursuant to this Section 2.9 shall be endorsed so ----------- that if at any time they are cancelled, or their coverage is reduced (by any party including the insured) so as to affect the interests of the Lessor, such cancellation or reduction shall not be effective as to the Lessor for 30 days, except for non-payment of premium which shall be for 10 days, after receipt by the Lessor of written notice from such insurer of such cancellation or reduction.

Appears in 2 contracts

Samples: Construction Agency Agreement (Hughes Supply Inc), Construction Agency Agreement (Hughes Supply Inc)

Policy Cancellation and Change. All policies of insurance ------------------------------ required to be maintained pursuant to this Section 2.9 Article XIII shall be ------------ endorsed so that if at any time they are cancelledcanceled, or their coverage is reduced (by any party including the insured) so as to affect the interests of the Lessor, such cancellation or reduction shall not be effective as to the Lessor for 30 sixty (60) days, except for non-payment of premium which shall be for 10 ten (10) days, after receipt by the Lessor of written notice from such insurer of such cancellation or reduction.

Appears in 1 contract

Samples: Master Lease (Palm Inc)

Policy Cancellation and Change. All policies of insurance required to be maintained pursuant to this Section 2.9 shall be endorsed so that if at any time they are cancelledcanceled, or their coverage is reduced (by any party including the insured) so as to affect the interests of the LessorLender Parties, such cancellation or reduction shall not be effective as to the Lessor Lender Parties for 30 60 days, except for non-payment of premium which shall be for 10 days, after receipt by the Lessor Administrative Agent of written notice from such insurer of such cancellation or reduction.

Appears in 1 contract

Samples: Credit Agreement (NiMin Energy Corp.)

Policy Cancellation and Change. All policies of insurance ------------------------------ required to be maintained pursuant to this Section 2.9 Article XIII shall be endorsed ------------ so that if at any time they are cancelledcanceled, or their coverage is reduced (by any party including the insured) so as to affect the interests of the Lessor, such cancellation or reduction shall not be effective as to the Lessor for 30 sixty (60) days, except for non-payment of premium which shall be for 10 ten (10) days, after receipt by the Lessor of written notice from such insurer of such cancellation or reduction.

Appears in 1 contract

Samples: Lease (Palm Inc)

AutoNDA by SimpleDocs

Policy Cancellation and Change. All policies of insurance required to be maintained pursuant to this Section 2.9 shall be endorsed so that if at any time they are cancelled, or their coverage is reduced (by any party including the insured) so as to affect the interests of the Lessor, Agent or any Funding Party such cancellation or reduction shall not be effective as to the Lessor Agent or such Funding Party for 30 days, except for non-payment of premium which shall be for 10 days, after receipt by the Lessor of written notice from such insurer of such cancellation or reduction.

Appears in 1 contract

Samples: Construction Agency Agreement (Concord Efs Inc)

Policy Cancellation and Change. All policies of insurance required to be maintained pursuant to this Section 2.9 shall be endorsed so that if at any time they are cancelled, or their coverage is reduced (by any party including the insured) so as to affect the interests of the Lessor, the Agent or any Lender such cancellation or reduction shall not be effective as to the Lessor Lessor, the Agent or such Lender for 30 days, except for non-payment of premium which shall be for 10 days, after receipt by the Lessor of written notice from such insurer of such cancellation or reduction.

Appears in 1 contract

Samples: Construction Agency Agreement (Concord Efs Inc)

Policy Cancellation and Change. All policies of insurance required to be maintained pursuant to this Section 2.9 Schedule 8.05 shall be endorsed so that if at any time they are cancelledcanceled, or their coverage is reduced (by any party including the insured) so as to affect the interests of the LessorLenders, such cancellation or reduction shall not be effective as to the Lessor Lenders for 30 60 days, except for non-payment of premium which shall be for 10 days, after receipt by the Lessor Agent of written notice from such insurer of such cancellation or reduction.. TO CREDIT AGREEMENT

Appears in 1 contract

Samples: Credit Agreement (Cheniere Energy Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.