Common use of Unavailability of Insurance Clause in Contracts

Unavailability of Insurance. Each Party shall maintain insurance in accordance with the requirements set forth in this Article 25; provided, however, that in the event any insurances (or any of the terms thereof) required to be maintained by this Article 25, other than insurance (or any of the terms thereof) required by any applicable Law to be maintained, shall not be available and commercially feasible in the commercial insurance market, the Party which is required to maintain such insurance shall be excused from maintaining such insurance (or any of the terms thereof) and, provided further, that such Party provides prompt written notice of the non-availability or infeasibility of such insurance (or any of the terms thereof) to the other Party, and (b) consults with the other Party regarding such non-availability or infeasibility.