Common use of Paragraph 1st Clause in Contracts

Paragraph 1st. The Concessionaire must have it stated on the insurance policies the obligation of the Insurance Company inform, in writing, with a minimum advance of 30 (thirty) days, to the Concessionaire and Anatel, any facts that may imply in the total or partial cancellation of the contracted policies, reduction of coverages, increase in grace periods or reduction of insured values.

Appears in 8 contracts

Sources: Grant Contract (Telefonica Brasil S.A.), Grant Contract (Telefonica Brasil S.A.), Grant Contract (Telesp Holding Co)