Increase in Coverage Sample Clauses
The "Increase in Coverage" clause allows for adjustments to the amount of insurance or protection provided under an agreement. Typically, this clause outlines the circumstances or procedures by which coverage limits can be raised, such as upon request by one party, after certain events, or in response to regulatory changes. Its core function is to provide flexibility and ensure that the level of coverage remains adequate over time, addressing evolving risks or requirements and preventing gaps in protection.
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Increase in Coverage. Landlord may from time to time, but not more -------------------- frequently than once every three (3) years, require that the amount of public liability insurance to be maintained by Tenant under Section 10.2 be increased so that the amount thereof adequately protects the Landlord's interest based on amounts of coverage required of comparable tenants in comparable buildings.
Increase in Coverage. Upon demand, Tenant shall provide Landlord, at Tenant's expense, with such increased amounts of existing insurance and such other coverages and insurance as Landlord may reasonably require.
Increase in Coverage. Following the initial term of the this Lease and thereafter not more than once during any three (3) year period, Landlord may, by notice to Tenant, require an increase in policy limits or require that Tenant carry other forms of insurance; provided that the same are commercially reasonable and in keeping with the insurance requirements of owners of similar properties in the applicable submarket in which the Premises is located.
Increase in Coverage. Landlord may, by notice to Tenant, require an increase in policy limits or require that Tenant carry other forms of insurance; provided that the same are commercially reasonable and in keeping with the insurance requirements of owners of similar properties in the applicable submarket in which the Premises is located.
Increase in Coverage. Financial Security may, by endorsement to this Surety Bond, increase the number of shares of Obligations to be covered by this Surety Bond.
Increase in Coverage. Following the initial term of this Lease, Landlord may, by notice to Tenant (delivered as part of the Rate Notice under Section 1 of the Rider to Lease), require an increase in policy limits or require that Tenant carry other forms of insurance; provided that the same are commercially reasonable and in keeping with the insurance requirements of owners of similar properties in the applicable submarket in which the Premises is located.
Increase in Coverage. Landlord may from time to time require that the amount of liability insurance to be maintained by Tenant under Section 8.4 be increased to an amount determined by Landlord to be necessary to adequately protect Landlord’s interest. Upon receipt by Tenant of a notice from Landlord stating the increased amount of insurance, Tenant shall thereafter carry the insurance as set forth in such notice. In no event shall the amount of public liability insurance to be carried by Tenant be less than the amount specified in Section 8.4.
Increase in Coverage. Landlord reserves the right to require at any time that the required public liability and property damage insurance minimum coverage be increased in accordance with standard County of San Mateo Risk Management practice in effect at the time the increase is required. Tenant shall be given at thirty (30) days' notice of the required increase.
Increase in Coverage. Landlord may, by notice to Tenant, require an increase in coverage if, in the reasonable opinion of Landlord, the insurance specified in this Article 15 is no longer considered adequate to maintain a reasonable level of insurance protection. If Tenant fails to maintain and secure the insurance coverage required under this Article then Landlord shall have, in addition to all other remedies provided herein and by law, the right, but not the obligation, to procure and maintain such insurance, the cost of which shall be due and payable to Landlord by Tenant within ten (10) business days after written demand.
Increase in Coverage. In the event Landlord or any Landlord's lessor or any mortgagee or trust deed beneficiary of Landlord reasonably deems it necessary to increase the amounts or limits of insurance required to be carried by Tenant hereunder, Landlord may reasonably increase such amounts or limits of insurance, and Tenant shall increase the amounts or limits of the insurance required to be carried by Tenant hereunder and shall provide Landlord and any parties designated by Landlord with policies or original certificates indicating the increased amounts or limits as provided in Section 8.3 hereof.