Common use of Review of Limits Clause in Contracts

Review of Limits. Commencing on the fifth anniversary of the Effective Date and once every five (5) years thereafter during the Term of this Agreement, the Town may review the insurance coverages to be carried by Franchisee. If the Town reasonably determines that additional coverages or higher limits of coverage are reasonably necessary to protect the interests of Town, the Additional Insureds, or the public, the Town shall notify the Franchisee of its determination, and the Town and Franchisee shall negotiate for appropriate modifications in coverages or limits. The Franchisee shall obtain and maintain such mutually agreed to modified insurance at its sole cost and expense.

Review of Limits. Commencing on the fifth anniversary of the Effective Date and once every five (5) years thereafter during the Term of this Agreement, the Town City may review the insurance coverages to be carried by Franchisee. If the Town City reasonably determines that additional coverages or higher limits of coverage are reasonably necessary to protect the interests of TownCity, the Additional Insureds, or the public, the Town City shall notify the Franchisee of its determination, and the Town City and Franchisee shall negotiate for appropriate modifications in coverages or limits. The Franchisee shall obtain and maintain such mutually agreed to modified insurance at its sole cost and expense.

Review of Limits. Commencing on the fifth anniversary of the Effective Date and once every five (5) years thereafter during the Term of this Agreement, the Town City may review the insurance coverages to be carried by Franchisee. If the Town City reasonably determines that additional coverages or higher limits of coverage are reasonably necessary to protect the interests of Townthe City, the Additional Insureds, or the public, the Town City shall notify the Franchisee of its determination, and the Town City and Franchisee shall negotiate for appropriate modifications in coverages or limits. The Franchisee shall obtain and maintain such mutually agreed to modified insurance at its sole cost and expense.

Review of Limits. Commencing on the fifth anniversary of the Effective Date and once every five (5) years thereafter during the Term of this Agreement, the Town may review the insurance coverages to be carried by Franchisee. If the Town reasonably determines that additional coverages or higher limits of coverage are reasonably necessary to protect the interests of Town, the Additional Insureds, or the public, the Town shall notify the Franchisee of its determination, and the Town and Franchisee shall negotiate for appropriate modifications in coverages or limits. The Franchisee shall obtain and maintain such mutually agreed to modified insurance at its sole cost and expense.of