Common use of Updating Coverage Clause in Contracts

Updating Coverage. The amounts of insurance required by this Section 17 shall be reviewed and revised, three years after the Commencement Date and each three years thereafter, to maintain approximately the same level of coverage that exists on the Commencement Date, considering the coverage then carried by prudent landlords and tenants for Class A low-rise office buildings in Scottsdale, Arizona.

Appears in 4 contracts

Samples: Office Lease Agreement (NanoFlex Power Corp), Office Lease Agreement (JOINT Corp), Office Lease Agreement (JOINT Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!