Common use of Satisfactory Coverage Clause in Contracts

Satisfactory Coverage. The insurance which Midwest Pool Management is required to obtain and maintain pursuant to this Section 9 shall be written by a company or companies licensed to do business in the State of Missouri. Insurance is to be placed with insurer with a Bests' rating of no less than an “A” rating. Midwest Pool Management shall not allow any policies to be canceled or permit the policies to lapse during the Term of the Agreement.

Appears in 3 contracts

Samples: Center Management Agreement, Center Management Agreement, Center Management Agreement

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Satisfactory Coverage. The insurance which Midwest Pool Management is required to obtain and maintain pursuant to this Section 9 8 shall be written by a company or companies licensed to do business in the State of Missouri. Insurance is to be placed with insurer with a Bests' rating of no less than an “AA-” rating. Midwest Pool Management shall not allow any policies to be canceled or permit the policies to lapse during the Term of the Agreement.

Appears in 1 contract

Samples: Aquatic Center Management Agreement

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