Common use of CHANGES/TERMINATION Clause in Contracts

CHANGES/TERMINATION. The Commissioner may, from time to time, revise the form of this Agreement by which ▇▇▇▇▇▇▇▇ agrees to secure the payment of its obligations and liabilities under the Act by means of a LOC. Whenever said form is amended, the Commissioner shall send the Employer a revised Agreement or an Amendment to this Agreement reflecting the changes made to the form and require the Employer to have said revised Agreement or Amendment fully executed and returned to the Commissioner within thirty (30) days of its receipt. If the Employer fails to do so, the Division may terminate the Employer's self-insurance privileges or the Commissioner may require the Employer to provide an alternate form of security, as a means of securing the performance of its obligations and liabilities under the Act.