Common use of Termination; Renewal Clause in Contracts

Termination; Renewal. No policy of insurance required under this Lease shall be cancelable or subject to non-renewal or modification except after forty five (45) days prior written notice to the Port. Lessee shall at least forty five (45) days prior to the expiration of such policies, furnish the Port with evidence of renewals or “insurance binders” evidencing renewal thereof, or the Port may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to the Port upon demand.

Termination; Renewal. No policy of insurance required under this Lease Agreement shall be cancelable or subject to non-renewal or modification except after forty five (45) days prior written notice to the Port. Lessee Operator shall at least forty five (45) days prior to the expiration of such policies, furnish the Port with evidence of renewals or “insurance binders” evidencing renewal thereof, or the Port may order such insurance and charge the cost thereof to LesseeOperator, which amount shall be payable by Lessee Operator to the Port upon demand.

Termination; Renewal. No policy of insurance required under this Lease shall be cancelable or subject to non-renewal or modification except after forty five (45) days prior written notice to the Port. Lessee shall at least forty five (45) days prior to the expiration of such policies, furnish the Port with evidence of renewals or “insurance binders” evidencing renewal thereof, or the Port may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee Xxxxxx to the Port upon demand.