Common use of Breach for Lack of Proof of Coverage Clause in Contracts

Breach for Lack of Proof of Coverage. The Term of this License Agreement shall not commence if the coverage provisions and limits of the policies provided by the Licensor do not meet the provisions and requirements of this section or proof of compliance is not provided to the Licensee. In addition, the failure to comply with the requirements of this section at any time during the Term of this License Agreement, the Renewal Term, if applicable, and any extension or holdover thereof, shall be considered a breach of the terms of the License Agreement and shall allow the Licensee to avail itself of all remedies available under this License Agreement, at law or in equity.