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(k) Adjustments,. The limits of the liability coverage and, if necessary, the terms <br />and conditions of insurance, shall be reasonably adjusted from time to time (not less than <br />every five (5) years after the Effective Date nor more than once in every three (3) year <br />period) to address changes in circumstances, including, but not limited to, changes in the <br />purchasing power of the dollar and the litigation climate in California. Within thirty (30) days <br />following City's delivery of written notice of any such adjustments, Owner shall provide City <br />with amended or new insurance certificates and endorsements evidencing compliance with <br />such adjustments. <br />1199\09\2727850.8 <br />ATTY/AGR.2020.100/353 Main Street Apartments LP (Page 130 of 143) <br />