Common use of Unavailability of Insurance Clause in Contracts

Unavailability of Insurance. (a) If any insurance required to be maintained pursuant to this Article 17 (including the limits, deductibles or any other terms under policies for such insurance) ceases to be available on a commercially reasonable basis, the Concessionaire will provide written notice to the Department accompanied by a letter from the Concessionaire’s insurance advisor stating that such insurance is unavailable anywhere in the global market on a commercially reasonable basis. Such notice will be given not later than 30 Days prior to the scheduled date for renewal of any such policy. Except to the extent attributable to the Concessionaire, or any Concessionaire Party upon receipt of such notice by the Department, the Concessionaire and the Department will immediately enter into good faith negotiations regarding the matters set forth in Section 17.05(c) and (d) below.

Unavailability of Insurance. (ai) If any insurance required to be maintained pursuant to this Article 17 Section 14.02 (including the limits, limits or deductibles or any other terms under policies for such insurance) ceases to be available on a commercially reasonable basis, the Concessionaire will shall provide written notice to the Department accompanied by a letter from the Concessionaire’s insurance advisor stating that such insurance is unavailable anywhere in the global market on a commercially reasonable basis. Such notice will shall be given not later less than 30 Days days prior to the scheduled date for renewal of any such policy. Except to the extent attributable to the Concessionaire, or any Concessionaire Party upon receipt of such notice by the Department, the Concessionaire and the Department will shall immediately enter into good faith negotiations regarding the matters set forth in Section 17.05(c14.02(c)(ii) and (diii) below.