Acceptance of certificates. of insurance by Trustees shall not limit the Licensee’s liability under the Agreement nor does it create any waiver of subrogation by Trustees. In the event the Licensee does not comply with these insurance requirements, Trustees may, at their option, provide insurance coverage to protect Trustees. The Licensee shall pay the cost of the insurance and, if prompt payment is not received by the insurance carrier from the Licensee, Trustees may pay for the insurance from Agreement sums otherwise due the Licensee.
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Acceptance of certificates. of insurance by Trustees shall not limit the Licensee’s liability under the Agreement nor does it create any waiver of subrogation by Trustees. In the event the Licensee does not comply with these insurance requirements, Trustees may, at their option, provide insurance coverage to protect Trustees. The Licensee shall pay the cost of the insurance and, if prompt payment is not received by the insurance carrier from the Licensee, Trustees may pay for the insurance from Agreement sums otherwise due the Licensee.
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