Common use of Notice of Impaired Coverage Clause in Contracts

Notice of Impaired Coverage. Developer shall give written notice to the Director within five days of the date upon which total claims by any party against Developer reduce the aggregate amount of coverage below the amounts required by this agreement.

Appears in 4 contracts

Sources: Agreement for the Development, Operation and Maintenance of Public Golf Facilities, Agreement for the Development, Operation and Maintenance of Public Golf Facilities, Development Agreement

Notice of Impaired Coverage. Developer shall give written notice to the Director within five (5) days of the date upon which total claims by any party against Developer reduce the aggregate amount of coverage below the amounts required by this agreementAgreement.

Appears in 1 contract

Sources: Lease and Development Agreement