Changes in Insurance Coverage Clause Samples

Changes in Insurance Coverage. The requisite insurance policies shall not be canceled, terminated, or modified (except to increase the amount of coverage) without thirty (30) days’ prior written notice from Developer to District. If the required insurance policies should be canceled, terminated, or modified so that the insurance is not in full force and effect, then District shall have the right to terminate this ▇▇▇ immediately, without prior notice or right to cure by Developer.

Changes in Insurance Coverage. The requisite insurance policies shall not be canceled, terminated, or modified (except to increase the amount of coverage) without thirty (30) days’ prior written notice from Envision to City. If the required insurance policies should be canceled, terminated, or modified so that the insurance is not in full force and effect, then City shall have the right to terminate this ▇▇▇ immediately, without prior notice or right to cure by Envision.

Changes in Insurance Coverage. No changes shall be made in any of the foregoing insurance requirements unless the prior written consent of the Lessor, the Lender and the Trustee are first obtained. The Lessor may grant or withhold its consent to any proposed change in such insurance in its sole discretion. The Lender and the Trustee shall be required to grant their consent to any proposed change in such insurance upon compliance with the following conditions: (i) the applicable Lessee or the Finance Lease Guarantor shall deliver not less than thirty (30) days’ prior written notice of any proposed change in such insurance to the Lender and the Trustee; and (ii) the proposed change will satisfy the Rating Agency Confirmation Condition.

Changes in Insurance Coverage. No changes shall be made in any of the foregoing insurance requirements unless the prior written consent of each of the Lessor and the Trustee are first obtained. The Lessor may grant or withhold its consent to any proposed change in such insurance in its sole discretion. The Trustee shall be required to grant its consent to any proposed change in such insurance upon compliance with the following conditions: (i) The Lessee or the Guarantor shall deliver not less than 30 days’ prior written notice of any proposed change in such insurance to the Trustee; and (ii) The Required Noteholders of each Group I Series of Notes Outstanding shall have consented to the proposed change.

Changes in Insurance Coverage. Lender acknowledges that certain coverage amounts described above may not be commercially reasonable or available to attain or maintain. Lender reserves the right in its sole discretion to approve lesser amounts of coverage or approve modifications to the required types of insurance. Notwithstanding the foregoing, if the Lender determines in its reasonable discretion based on its experience with the long term care industry, generally, that insurance coverage in excess of the amounts currently maintained by the Borrowers or on an “occurrence” basis or any other modification to the insurance requirements are necessary and are available for the Borrowers at premiums not materially in excess of the premiums then being paid by Borrowers, then Borrowers shall be obligated to procure coverage as determined by Lender.

Changes in Insurance Coverage. The Operating Agent shall use its best efforts to obtain such additional insurance as the Parties may request from time to time, and the costs of such additional insurance shall be a pass through cost to the Parties.

Changes in Insurance Coverage. No changes shall be made in any of the foregoing insurance requirements unless the prior written consent of each of the Lessor and the Trustee are first obtained. The Lessor may grant or withhold its consent to any proposed change in such insurance in its sole discretion. The Trustee shall be required to grant its consent to any proposed change in such insurance upon compliance with the following conditions: (i) The Lessee or the Guarantor shall deliver not less than 30 days’ prior written notice of any proposed change in such insurance to the Trustee; and (ii) The Rating Agency Condition has been satisfied with respect to such change.

Changes in Insurance Coverage. All persons enrolled in the District health and dental insurance plans shall be notified in writing prior to any changes in insurance program coverage.

Changes in Insurance Coverage. No changes shall be made in any of the foregoing insurance requirements unless the prior written consent of the Lessor, the Lender and the Trustee are first obtained. The Lessor may grant or withhold its consent to any proposed change in such insurance in its sole discretion. The Lender and the Trustee shall be required to grant its consent to any proposed change in such insurance upon compliance with the following conditions: (i) The relevant Lessee or the Guarantor shall deliver not less than 30 days' prior written notice of any proposed change in such insurance to the Lender and the Trustee; (ii) The relevant Lessee or the Guarantor shall furnish to the Lender and the Trustee a letter from each Rating Agency with respect to all Outstanding Commercial Paper Notes and Notes rated by such Rating Agency to the effect that such proposed change will not cause a reduction in or a withdrawal of the current rating of such Commercial Paper Notes or the Notes; and (iii) The proposed change will satisfy the Rating Agency Confirmation Condition.