POLICY CONDITIONS. All policies under (a) and (b) above shall: (I) be written by insurance companies with an A.M. Best's rating of A:VIII or higher; and (II) provide that coverage under such policy shall not be suspended, voided, canceled, non-renewed, reduced in scope or limits below *** , except after thirty (30)-days written notice has been given to the other Party. Each Party shall name the other Party as an additional insured under such coverages and shall provide to the other Party a copy of the corresponding certificate of insurance reflecting such coverages.
Appears in 2 contracts
Sources: Development and Marketing Collaboration Agreement (Elan Corp PLC), Development and Marketing Collaboration Agreement (Biogen Inc)
POLICY CONDITIONS. All policies under (a) and (b) above shall:
(Ii) be written by insurance companies with an A.M. Best's rating of A:VIII or higher; higher and
(IIii) provide that coverage under such policy shall not be suspended, voided, canceled, non-renewed, reduced in scope or limits below **[ * ], except after thirty (30)-days [ * ] written notice has been given to the other Party. Each Party shall name the other Party as an additional insured under such coverages and shall provide to the other Party a copy of the corresponding certificate of insurance reflecting such coverages.
Appears in 1 contract
Sources: Development and Marketing Collaboration Agreement (Icos Corp / De)