Common use of Notice of Cancellation Requirements Clause in Contracts

Notice of Cancellation Requirements. All insurance policies required to be maintained by StadCo pursuant to this Agreement shall contain (and any certificate evidencing the existence of such insurance policy shall certify) a provision stating that such polices may not be canceled, not renewed, modified or have any coverages or limits reduced (including any detrimental material change in coverage or change in the named insured) unless the Authority shall have received written notice of cancellation, non-renewal or material reduction in coverage, in each case (except for notice of cancellation due to non-payment of premiums) such written notice to be sent to the Authority not less than thirty (30) days (or the maximum period of days permitted under Applicable Law, if less than thirty (30) days) prior to the effective date of such cancellation, non-renewal or material reduction in coverage, as applicable. In the event any insurance policy is to be canceled due to non-payment of premiums, the requirements of the preceding sentence shall apply except that the written notice shall be sent to the Authority on the earliest possible date but in no event less than ten (10) days prior to the effective date of such cancellation.

Notice of Cancellation Requirements. All insurance policies required to be maintained by StadCo either Party pursuant to this Agreement shall contain (and any certificate evidencing the existence of such insurance policy shall certify) a provision stating that such polices may not be canceled, not renewed, modified or have any coverages or limits reduced (including any detrimental material change in coverage or change in the named insured) unless the Authority other Party shall have received written notice of cancellation, non-renewal renewal, or material reduction in coverage, in each case (except for notice of cancellation due to non-payment of premiums) such written notice to be sent to the Authority other Party not less than thirty (30) days (or the maximum period of days permitted under Applicable Law, if less than thirty (30) days) prior to the effective date of such cancellation, non-renewal or material reduction in coverage, as applicable. In the event any insurance policy is to be canceled due to non-payment of premiums, the requirements of the preceding sentence shall apply except that the written notice shall be sent to the Authority other Party on the earliest possible date but in no event less than ten (10) days prior to the effective date of such cancellation.

Notice of Cancellation Requirements. All insurance policies required to be maintained by StadCo pursuant to this Agreement shall contain (and any certificate evidencing the existence of such insurance policy shall certify) a provision stating that such polices may not be canceled, not renewed, modified or have any coverages or limits reduced (including any detrimental material change in coverage or change in the named insured) or not renewed unless the Authority shall have received written notice of cancellation, or non-renewal or material reduction in coverage, in each case (except for notice of cancellation due to non-payment of premiums) ), with such written notice to be sent to the Authority not less than thirty (30) days (or the maximum period of days permitted under Applicable Law, if less than thirty (30) days) prior to the effective date of such cancellation, non-renewal or material reduction in coverage, as applicableapplicable or non-renewal (except only ten (10) days’ written notice to the Authority shall be required for cancellation due to non-payment of premium). In the event any insurance policy is to be canceled due to non-payment of premiums, the requirements of the preceding sentence shall apply except that the written notice shall be sent to the Authority on the earliest possible date but in no event less than ten (10) days prior to the effective date of such cancellation.