Common use of Conditions of Coverage Clause in Contracts

Conditions of Coverage. Licensee agrees to name Licensor as an additional insured on all insurance policies required by this Section 18 to the extent of its interest and provide Licensor certificates of insurance evidencing such coverage. All policies shall provide Licensor with at least thirty (30) days' prior written notice of cancellation or termination of coverage. Licensor reserves the right to specify reasonable changes in the types and amounts of insurance coverage required by this Section 18. Should Licensee fail or refuse to procure the required insurance coverage from an insurance carrier acceptable to Licensor, or to maintain such coverage throughout the Term of this Agreement, Licensor may, but not shall be obligated to, procure such coverage for Licensee, in which event Licensee agrees to pay the required premiums and/or to fully reimburse Licensor for them.