Common use of Cancellation/Non-Renewal Clause in Contracts

Cancellation/Non-Renewal. Insurance is to remain current throughout the term of the Lease. The Port shall receive documentation annually to include a certificate of insurance and any applicable endorsements to validate that the insurance required herein has been purchased and is compliant with the Lease requirements within ten (10) days of each insurance renewal. Should any insurance required herein be terminated, cancelled, or not renewed, the Lessee will have five (5) days to obtain replacement insurance for the date of the termination, cancellation or non-renewal. In the event the insurance is not replaced within the five (5) days, the Lease will be considered under Default in accordance with Section 14.

Cancellation/Non-Renewal. Insurance is to remain current throughout the term of the Lease. The Port shall receive documentation annually to include a certificate of insurance and any applicable endorsements to validate that the insurance required herein has been purchased and is compliant with the Lease requirements within ten 10 (10ten) days of each insurance renewal. Should any insurance required herein be terminated, cancelled, or not renewed, the Lessee will have five (5) days to obtain replacement insurance for from the date of the termination, cancellation or non-renewalrenewal notice Lessee receives from their insurer(s). In the event the insurance is not replaced within the five (5) days, the Lease will be considered under Default in accordance with Section 14.

Cancellation/Non-Renewal. Insurance is to remain current throughout the term of the Lease. The Port shall receive documentation annually to include a certificate of insurance and any applicable endorsements to validate that the insurance required herein has been purchased and is compliant with the Lease requirements within ten 10 (10ten) days of each insurance renewal. Should any insurance required herein be terminated, cancelled, or not renewed, the Lessee will have five (5) days to obtain replacement insurance for from the date of the termination, cancellation or non-renewalrenewal notice Lessee receives from their insurer(s). In the event the insurance is not replaced within the five (5) days, the Lease will be considered under Default in accordance with Section 14.