Limit Adjustments Clause Samples
The "Limit Adjustments" clause defines how and under what circumstances the limits specified in an agreement—such as financial caps, liability thresholds, or coverage amounts—may be modified during the contract term. Typically, this clause outlines the triggers for adjustment, such as changes in law, regulatory requirements, or significant shifts in the underlying business environment, and may specify the process for recalculating or renegotiating the limits. Its core practical function is to provide flexibility and ensure that the contract remains fair and relevant if external factors necessitate changes to previously agreed-upon limits, thereby protecting both parties from unforeseen risks or imbalances.
Limit Adjustments. The State reserves the right to increase or decrease limits as appropriate.
Limit Adjustments. The state reserves the right to increase or decrease limits as appropriate. INDUSTRIAL INSURANCE COVERAGE
Limit Adjustments. The insurance coverage requirements as set forth herein this Master Contract are minimum insurance requirements. The Purchaser reserves the right to request an increase to the above stated policy limits based on the scope, complexity, and risk of each purchased solution. Any changes shall be negotiated at the time of purchase.
Limit Adjustments. The Participating State reserves the right to increase or decrease limits as appropriate. The Participating State will provide Contractor no less that 30 days notice of change to Limits. Increases in required limits may result in additional cost to the Participating State.
Limit Adjustments. The Purchaser reserves the right to increase or decrease limits as appropriate upon issuance of a written notice to the Contractor sixty (60) days prior to the effective date of the requirement of the increase or decrease.