Review of Insurance. All insurance policy limits provided under this Article XII shall be reviewed by the Parties every three (3) years following the commencement of the Term, or sooner if reasonably requested by Owner or Manager, to determine the suitability of such insurance limits in view of exposures reasonably anticipated over the ensuing three (3) years. Owner and Manager hereby acknowledge that changing practices in the insurance industry and changes in the local law and custom may necessitate changes to types or amounts of coverage during the Term. Each Party agrees to comply with any other insurance requirements the other Party reasonably requests in order to protect the Managed Facilities and the respective interests of Owner and Manager. Any dispute regarding such other insurance requirements shall be referred to the Expert for Expert Resolution pursuant to Article XVII.
Review of Insurance. All insurance policy limits provided under this Article 5 shall be reviewed by the parties every two (2) years following the Effective Date, or sooner if reasonably requested by Westin or Owner, to determine the suitability of such insurance limits in view of exposures reasonably anticipated over the ensuing two (2) years. Owner and Westin hereby acknowledge that changing practices in the insurance industry and changes in the local law and custom may necessitate additions or deletions to types or amounts of coverage during the term of this Agreement. Owner and Westin agree to comply with any other insurance requirements in order to protect the Resort and the respective interests of Owner and Westin.
Review of Insurance. The Agent shall be entitled to review the requirements of this Clause 22.1 (Insurance) from time to time in order to take account of changes in circumstances after the date of this Agreement (such changes in circumstances to include, without limitation, changes in the financial position of the insurers, changes in the relevant Vessel's trading patterns, changes in applicable law and changes in the price and availability of insurance coverage) and to require from the Borrowers such modifications to the requirements of the Insurance as the Agent shall reasonably specify.
Review of Insurance. All insurance policy limits provided under this Article 5 shall be reviewed by the Parties every three (3) years following the commencement of the Operating Term, or sooner if reasonably requested by either party, to determine the suitability of such insurance limits in view of exposures reasonably anticipated over the ensuing three (3) years. Owner and Manager hereby acknowledge that changing practices in the insurance industry and changes in the local law and custom may necessitate additions to types or amounts of coverage during the Operating Term. Owner agrees to comply with any other insurance requirements Manager reasonably requests in order to protect the Hotel and the respective interests of Owner and Manager.
Review of Insurance. All insurance policy limits provided pursuant to this Article 5 shall be reviewed by the Parties every year following the Effective Date, or sooner if reasonably requested by Operator, to determine the suitability of such insurance limits in view of exposures reasonably anticipated over the ensuing three (3) years. Lessee and Operator hereby acknowledge that changing practices in the insurance industry and changes in the local law and custom may necessitate changes or additions to types or amounts of coverage during the term of this Agreement. Lessee agrees to comply with any other insurance requirements Operator reasonably requests in order to protect the Hotel and the respective interests of Lessee and Operator.
Review of Insurance. All insurance policy limits provided by Operator under the Hotel Operating Agreement shall be reviewed by Manager and Corporation every year following the commencement of the Term to determine the suitability of such insurance limits in view of exposures reasonably anticipated over the ensuing year. Manager hereby acknowledges that changing practices in the insurance industry and changes in the local law and custom may necessitate additions to types or amounts of coverage during the Term, and agrees, as an Operating Expense of the Hotel, to comply with any other insurance requirements Corporation reasonably requests in order to protect the Hotel and the respective interests of Manager and Corporation.
Review of Insurance. All insurance policy limits provided under this Article 5 shall, at the request of either Party, be reviewed every year following the commencement of the Operating Term, to determine the suitability of such insurance limits in view of exposures reasonably anticipated over the ensuing year. Owner and Manager hereby acknowledge that changing practices in the insurance industry and changes in the local law and custom may necessitate additions to types or amounts of coverage during the Operating Term. Owner agrees to comply with any additional insurance requirements Manager reasonably requests in order to protect the Hotel and the respective interests of Owner and Manager; provided, however, so long as any Bonds are Outstanding, that Owner shall not be required to comply with any such insurance requirements requested by Manager to the extent the same would violate the Bond Documents.
Review of Insurance. The Parties shall review the adequacy of all insurance 33 required by this Agreement to be maintained by the Parties at least once every year. The review 34 shall include a reasonable determination of the replacement cost of the City Parking Structure, 35 without regard to depreciation. 37 6.4 General Policy Requirements 38 39 6.41 Changes in Coverage: Copies of Policies. Copies of all insurance 40 policies required to be carried by either Party hereunder shall be retained by the Party and be 41 available for inspection by the other Party at reasonable times. All such insurance policies shall 42 provide that they shall not be cancelable or substantially modified by the insurer without first 43 giving at least thirty (30) days prior notice in writing to the Parties. Each Party shall furnish the 44 other Party with copies of the original certificates and endorsements (or equivalent in the case of 45 the City's self insurance) naming the other Party (and the property manager for the Mixed Use 46 Association) as a loss payee or as an additional insured, as the case may be, and any amendatory 1 endorsements effecting coverage required by this Agreement. The endorsements (or equivalent in 2 the case of the City's self insurance) shall be on forms provided by the insurer (or equivalent in 3 the case of the City's self insurance) and shall comply with the requirements set forth in this
Review of Insurance. All insurance policy limits provided under this Article XII shall be reviewed by the parties every three (3) years following the commencement of the Operating Term, or sooner if reasonably requested by Operator, to determine the suitability of such insurance limits in view of exposures reasonably anticipated over the ensuing three (3) years. Owner and Operator hereby acknowledge that changing practices in the insurance industry and changes in the local law and custom may necessitate additions to types or amounts of coverage during the Operating Term. Owner agrees to comply with any other insurance requirements Operator reasonably requests in order to protect the Hotel and the respective interests of Owner and Operator.
Review of Insurance. All insurance policy limits provided pursuant to this Article XIII shall be reviewed by the Lessee and Lessor every year following the Commencement Date, or sooner if reasonably requested by Lessee, to determine the suitability of such insurance limits in view of exposures reasonably anticipated over the ensuing three (3) years. Lessee and Lessor hereby acknowledge that changing practices in the insurance industry and changes in the local law and custom may necessitate changes or additions to types or amounts of coverage during the term of this Lease. Lessor agrees to comply with any other insurance requirements Lessee reasonably requests in order to protect the Leased Property and the respective interests of Lessee and Lessor.
