---NOTICE OF CANCELLATION OR REDUCTION OF COVERAGE Sample Clauses
The Notice of Cancellation or Reduction of Coverage clause requires an insurer to inform the policyholder in advance if the insurance policy is going to be canceled or if the coverage limits are going to be reduced. Typically, this notice must be provided within a specified number of days before the change takes effect, and it may apply to various types of insurance such as liability or property coverage. The core function of this clause is to ensure that the insured party has sufficient warning to seek alternative coverage or make necessary arrangements, thereby preventing unexpected gaps in protection.
---NOTICE OF CANCELLATION OR REDUCTION OF COVERAGE. The insurance policies and performance bond required herein shall each contain an explicit endorsement stating that such insurance policies and performance bond are intended to cover the liability assumed by the Licensee under the terms of the Renewal License and shall contain the following endorsement: It is hereby understood and agreed that this policy (or performance bond) shall not be cancelled, materially changed or the amount of coverage thereof reduced until thirty (30) days after receipt by the Issuing Authority by certified mail of one (1) copy of a written notice of such intent to cancel, materially change or reduce the coverage required herein.
---NOTICE OF CANCELLATION OR REDUCTION OF COVERAGE. The insurance policies, performance bond and letter of credit required herein shall each contain an explicit endorsement stating that such insurance policies, performance bond and letter of credit are intended to cover the liability assumed by the Licensee under the terms of the Final License and shall contain the following endorsement: It is hereby understood and agreed that this policy (or bond or letter of credit) shall not be cancelled, materially changed or the amount of coverage thereof reduced until thirty (30) days after receipt by the Issuing Authority by certified mail of one (1) copy of a written notice of such intent to cancel, materially change or reduce the coverage required herein.
---NOTICE OF CANCELLATION OR REDUCTION OF COVERAGE. Lessor shall cause all policies it is required to obtain under the terms of this Lease to contain a provision that the County is to receive written notification of any cancellation or reduction in coverage at least thirty days prior to the effective date of such cancellation or reduction. Any such notification is to be sent to the County in accordance with Section 29 - Notices.
---NOTICE OF CANCELLATION OR REDUCTION OF COVERAGE. The insurance policies and Performance Bond required herein shall each contain an explicit endorsement stating that such insurance policies and Performance Bond are intended to cover the liability assumed by the Licensee under the terms of the Renewal License and shall contain the following endorsement:
---NOTICE OF CANCELLATION OR REDUCTION OF COVERAGE. The insurance policies and bonds required herein shall contain an endorsement stating that the policies are intended to cover the liability assumed by Licensee under the terms of this Renewal License and shall contain the following endorsement: It is hereby understood and agreed that this policy must not be canceled, materially changed or the amount of coverage thereof reduced until thirty (30) days after receipt by the City Corporation Counsel by registered mail of one (1) copy of a written notice of such intent to cancel, materially change or reduce the coverage. If Licensee fails to maintain the insurance policies required herein, the Issuing Authority shall have the option to obtain said policies and pay for same from the letter of credit, the performance bond or both.
---NOTICE OF CANCELLATION OR REDUCTION OF COVERAGE. The insurance policies mentioned above shall contain an endorsement stating that the policies are extended to cover the liability assumed by the Grantee under the terms of this Chapter and the Franchise Agreement and shall provides that the policy may not be canceled nor the amount of coverage thereof reduced until thirty (30) days after receipt by the City Clerk by registered mail of written notice of such intent to cancel or reduce the coverage.
---NOTICE OF CANCELLATION OR REDUCTION OF COVERAGE. The insurance policies, Performance Bond and Letter of Credit shall each contain a thirty (30) day notice of cancellation, modification, material change and impairment.
---NOTICE OF CANCELLATION OR REDUCTION OF COVERAGE. The insurance policies and performance bond required herein shall each contain an explicit endorsement stating that such insurance policies and performance bond are intended to cover the liability assumed by the Licensee under the terms of the Renewal License and shall contain the following endorsement: It is hereby understood and agreed that this policy (or bond) shall not be cancelled, materially changed or the amount of coverage thereof reduced until thirty (30) days after receipt by the Issuing Authority by certified mail of one (1) copy of a written notice of such intent to cancel, materially change or reduce the coverage required herein. Response: By way of formal response to this specific section, Comcast refers to its Informal Renewal Proposal, Tab 3, DRAFT Renewal Cable Television License filed on March 09, 2016. Comcast is open to informal negotiations to agree upon language acceptable to both parties.
---NOTICE OF CANCELLATION OR REDUCTION OF COVERAGE. The insurance policies and the performance bond required herein shall each contain an explicit endorsement stating that such insurance policies and performance bond are intended to cover the liability assumed by the Licensee under the terms of the Renewal License and shall contain the following endorsement: It is hereby understood and agreed that this policy (or performance bond) shall not be cancelled, materially changed or the amount of coverage thereof reduced until thirty
---NOTICE OF CANCELLATION OR REDUCTION OF COVERAGE. The insurance policies and performance bond required herein shall each contain an explicit endorsement stating that such insurance policies and performance bond are intended to cover the liability assumed by the Licensee under the terms of the License and shall contain the following endorsement: It is hereby understood and agreed that this policy (or bond) shall not be cancelled, materially changed or the amount of coverage thereof reduced until thirty (30) days after receipt by the Issuing Authority by certified mail of one
(1) copy of a written notice of such intent to cancel, materially change or reduce the coverage required herein. But in any event, the Licensee shall also notify the Issuing Authority, within five (5) business days of receiving notice that the insurance policy or performance bond has been or is being terminated. Failure to do so shall be a material breach hereunder.