Common use of All Coverage Clause in Contracts

All Coverage. Each insurance policy required by this Article must: (1) Be endorsed to state that coverage will not be suspended, voided, canceled by either party, or reduced in coverage or in limits, except after thirty (30) days’ prior written notice has been given to City, except in the event of suspension for nonpayment of premium, in which case ten (10) days’ notice will be given. (2) Contain a clause providing that the City and its officers, agents and employees will not be liable for any required premium. (3) For any claims related to this Agreement, the Tenant’s insurance coverage will be primary insurance with respect to the City and its commissioners, members, officers, agents, and employees. Any insurance or self-insurance maintained by the City or its commissioners, members, officers, agents, or employees will be in excess of the Tenant’s insurance and will not contribute with it. (4) The Tenant’s insurance will apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer’s liability. (5) Any failure to comply with reporting provisions of the policies will not affect coverage provided to the City and its commissioners, members, officers, agents, or employees. (6) Approval of Tenant’s insurance by the City will not relieve or decrease the liability of Tenant under this Agreement. (7) The City reserves the right to require an increase in insurance coverage, including both coverage amounts and types of insurance, or otherwise change the insurance requirements of this Agreement, if the City determines that conditions (including, but not limited to, property conditions, market conditions, or commercially reasonable practice) show cause for an increase, unless Tenant demonstrates to the City’s satisfaction that the increased coverage is commercially unreasonable and unavailable to Tenant. Upon any such increase or change, Tenant will have a reasonable period, but in no event less than ninety (90) days, to obtain the requisite insurance.

Appears in 3 contracts

Sources: Lease and Property Management Agreement, Lease and Property Management Agreement, Lease and Property Management Agreement