Adjusted Insurance Coverage. The Franchisee shall adjust the minimum coverage of the liability insurance policy or policies required in this Article within three months of receiving written notice from the City that the City has reasonably determined that additional amounts or types of insurance are being commonly carried regarding systems of a size and nature similar to the System or other circumstances have arisen which make it reasonably prudent to obtain such additional amounts or types of insurance. The notice shall specify in reasonable detail why the City is requiring the additional amounts or types of insurance.
Appears in 2 contracts
Sources: Franchise Agreement, Franchise Agreement