Sufficiency of Insurer or Surety Clause Samples
Sufficiency of Insurer or Surety. Insurance or bonds required by this Agreement shall be satisfactory only if issued by companies qualified to do business in California, rated “A” or better in the most recent edition of Best Rating Guide, The Key Rating Guide or in the Federal Register, and only if they are of a financial category Class VII or better, unless such requirements are waived by the Risk Manager of the City due to unique circumstances. If this Agreement continues for more than 3 years duration, or in the event the Risk Manager of City (“Risk Manager”) determines that the work or services to be performed under this Agreement creates an increased or decreased risk of loss to the City, the Contractor agrees that the minimum limits of the insurance policies and the performance bond required by Section 5.4 may be changed accordingly upon receipt of written notice from the Risk Manager; provided that the Contractor shall have the right to appeal a determination of increased coverage by the Risk Manager to the City Council of City within 10 days of receipt of notice from the Risk Manager.
Sufficiency of Insurer or Surety. Insurance and bonds required by this Agreement shall be satisfactory only if issued by companies qualified to do business in California, rated “A” or better in the most recent edition of Best’s Rating Guide, The Key Rating Guide or in the Federal Register, and only if they are of a financial category Class VII or better, unless such requirements are waived by the Risk Manager of the City (“Risk Manager”) due to unique circumstances. If this Agreement continues for more than 3 years duration, or in the event the Risk Manager determines that the work or services to be performed under this Agreement creates an increased or decreased risk of loss to the City, the Contractor agrees that the minimum limits of the insurance policies and the performance bond required by Section 5.5 may be changed accordingly upon receipt of written notice from the Risk Manager.
Sufficiency of Insurer or Surety. Insurance or bonds required by this Agreement shall be satisfactory only if issued by companies qualified to do business in California, rated “A” or better in the most recent edition of Best Rating Guide, The Key Rating Guide or in the Federal Register, and only if they are of a financial category Class VU or better, unless such requirements are waived by the Risk Manager of City (“Risk Manager”) due to unique circumstances. In the event the Risk Manager determines that the Services to be performed under this Agreement creates an increased risk of loss to City, Contractor agrees that the minimum limits of the insurance policies and the performance bond required by this Section 5 may be changed accordingly upon receipt of written notice from the Risk Manager; provided that Contractor shall have the right to appeal a determination of increased coverage by the Risk Manager to the City Council of City within ten (10) days of receipt of notice from the Risk Manager.
Sufficiency of Insurer or Surety. Insurance or bonds required by this Agreement shall be satisfactory only if issued by companies qualified to do business in California, rated “A” or better in the most recent edition of Best Rating Guide, The Key Rating Guide or in the Federal Register, and only if they are of a financial category Class VII or better, unless such requirements are waived by the Risk Manager of the CITY due to unique circumstances. In the event the Risk Manager of CITY (“Risk Manager”) determines that the work or services to be performed under this Agreement creates an increased or decreased risk of loss to CITY, CONTRACTOR agrees that the minimum limits of the insurance policies and the performance bond required by this Section 8.0 may be changed accordingly upon receipt of written notice from the Risk Manager; provided that CONTRACTOR shall have the right to appeal a determination of increased coverage by the Risk Manager to City Council of CITY within 10 days of receipt of notice from the Risk Manager.
Sufficiency of Insurer or Surety. Insurance and bonds required by this Agreement shall be satisfactory only if issued by companies qualified to do business in California, rated “A” or better in the most recent edition of Best’s Rating Guide, The Key Rating Guide or in the Federal Register, and only if they are of a financial category Class VII or better. If the City determines that the work to be performed under this Agreement creates an increased or decreased risk of loss to the City, the Contractor agrees that the minimum limits of the insurance policies and the bonds may be changed accordingly upon receipt of written notice from the City’s Risk Manager.
Sufficiency of Insurer or Surety. Insurance or bonds required by this Agreement shall be satisfactory only if issued by companies qualified to do business in Utah, rated “A” or better in the most recent edition of Best Rating Guide, The Key Rating Guide or in the Federal Register, and only if they are of a financial category Class VII or better, unless such requirements are waived by the City Manager due to unique circumstances. If this Agreement continues for more than three years duration, or the City Manager determines that the work or services to be performed under this Agreement creates an increased or decreased risk of loss to the City, the Contractor agrees that the minimum limits of the insurance policies and the performance bond required by Section 5.4 may be changed accordingly upon receipt of written notice from the City Manager; provided that the Contractor shall have the right to appeal a determination of increased coverage by the City Manager to the City Council of City within ten (10) days of receipt of notice from the City Manager.
Sufficiency of Insurer or Surety. Not Applicable
Sufficiency of Insurer or Surety. Insurance or bonds required by this Agreement shall be satisfactory only if issued by companies qualified to do business in California, rated "A" or better in the most recent edition of Best Rating Guide, The Key Rating Guide or in the Federal Register, and only if they are of a financial category Class VII or better, unless such requirements are waived by the City's Finance Director or designee ("Finance Director") due to unique circumstances. In the event the Finance Director determines that the work or services to be performed under this Agreement creates an increased or decreased risk of loss to the City, the Contractor agrees that the minimum limits of the insurance policies and the performance bond required by this Section 5 may be changed accordingly upon receipt of written notice from the Finance Director; provided that the Contractor shall have the right to appeal a determination of increased coverage by the Finance Director to the City's legislative body within ten (10) days of receipt of notice from the Finance Director.
Sufficiency of Insurer or Surety. INSURANCE OR BONDS REQUIRED BY THIS AGREEMENT SHALL BE SATISFACTORY ONLY IF ISSUED BY COMPANIES QUALIFIED TO DO BUSINESS IN CALIFORNIA, RATED “A” OR BETTER IN THE MOST RECENT EDITION OF BEST RATING GUIDE, THE KEY RATING GUIDE OR IN THE FEDERAL REGISTER, AND ONLY IF THEY ARE OF A FINANCIAL CATEGORY CLASS VU OR BETTER, UNLESS SUCH REQUIREMENTS ARE WAIVED BY THE RISK MANAGER OF CITY (“RISK MANAGER”) DUE TO UNIQUE CIRCUMSTANCES. IN THE EVENT THE RISK MANAGER DETERMINES THAT THE SERVICES TO BE PERFORMED UNDER THIS AGREEMENT CREATES AN INCREASED RISK OF LOSS TO CITY, CONTRACTOR AGREES THAT THE MINIMUM LIMITS OF THE INSURANCE POLICIES AND THE PERFORMANCE BOND REQUIRED BY THIS SECTION 5 MAY BE CHANGED ACCORDINGLY UPON RECEIPT OF WRITTEN NOTICE FROM THE RISK MANAGER; PROVIDED THAT CONTRACTOR SHALL HAVE THE RIGHT TO APPEAL A DETERMINATION OF INCREASED COVERAGE BY THE RISK MANAGER TO THE CITY COUNCIL OF CITY WITHIN TEN (10) DAYS OF RECEIPT OF NOTICE FROM THE RISK MANAGER.
Sufficiency of Insurer or Surety. Insurance or bonds required by this Agreement shall be satisfactory only if issued by companies qualified to do business in Missouri, rated “A” or better in the most recent edition of Best’s Key Rating Guide or in the Federal Register, unless such requirements are waived by the City Council or designee of the City Council due to unique circumstances. In the event the City Administrator determines that the work or services to be performed under this Agreement creates an increased or decreased risk of loss to the City, the Contractor agrees that the minimum limits of the insurance policies and the performance bond required by this Section 4 may be changed accordingly upon receipt of written notice from the City Administrator or designee; provided that the Contractor shall have the right to appeal a determination of increased coverage by the City Administrator to the City Council of City within ten (10) days of receipt of notice from the City Administrator.