Common use of Reinstatement of Policy Limits Clause in Contracts

Reinstatement of Policy Limits. To the extent that any Insurance Policy provided for the reinstatement of policy limits, and both Agilent and Keysight desire to reinstate such limits, the cost of reinstatement will be shared by Agilent and Keysight as the parties may agree. If either party, in its sole discretion, determines that such reinstatement would not be beneficial, that party shall not contribute to the cost of reinstatement and will not make any claim thereunder nor otherwise seek to benefit from the reinstated policy limits.