Failure to Obtain or Maintain Sample Clauses

The "Failure to Obtain or Maintain" clause defines the consequences if a party does not secure or uphold required approvals, licenses, or other necessary conditions specified in the agreement. Typically, this clause applies to obligations such as maintaining insurance, regulatory permits, or other essential authorizations throughout the contract term. Its core function is to allocate responsibility and provide remedies or consequences if these critical requirements are not met, thereby protecting the interests of the other party and ensuring compliance with key contractual and legal obligations.
Failure to Obtain or Maintain. Failure to timely obtain and maintain the insurance coverages as required under this Agreement may subject A/E to disqualification from eligibility to participate in any other or future projects with TFC and/or suspension of the Professional Services. A/E shall provide TFC thirty (30) Days written notice of erosion of any aggregate limits below the minimum amounts required by this Agreement. In the event A/E or its Consultants fail to timely renew or pay any of the renewal premiums for any expiring policies, TFC shall have the right (but not the obligation) to: (i) make such payments; and/or (ii) acquire replacement coverage, and set off the amount(s) or costs thereof against the next payment(s) coming due to A/E under this Agreement or under any other contract between TFC and A/E. TFC may withhold any payments due to A/E from this Project or any other TFC project until satisfaction is achieved.
View SourceView Similar (9)
Failure to Obtain or Maintain. Failure to timely obtain and maintain the insurance coverages as required under this Contract may subject CMR to, among other remedies, the following. 11.2.14.1. Disqualification from eligibility to participate in any other or future projects with TFC. 11.2.14.2. Suspension of Work for cause pursuant to UGC Article 14.
View SourceView Similar (4)
Failure to Obtain or Maintain. Failure to timely obtain and maintain the insurance coverages as required under this Contract may subject TSP to, among other remedies, the following: • disqualification from eligibility to participate in any other or future projects with TFC; • suspension of work for cause; • in the event TSP fails to timely renew or pay any of the renewal premiums for any expiring policies, TFC shall have the right (but not the obligation) to: (i) make such payments; and/or (ii) acquire replacement coverage, and set off the amount(s) or costs thereof against the next payment(s) coming due to TSP under the Contract or under any other contract between TFC and TSP; and/or • TFC may withhold any payments due to TSP until satisfaction is achieved.
View SourceView Similar (4)
Failure to Obtain or Maintain. Failure to timely obtain and maintain the insurance coverages as required under this Contract may subject Contractor to, among other remedies, the following: 11.2.7.1. disqualification from eligibility to participate in any other or future projects with TFC; 11.2.7.2. suspension of work for cause pursuant to UGC, Article 14; 11.2.7.3. in the event Contractor fails to timely renew or pay any of the renewal premiums for any expiring policies, TFC shall have the right (but not the obligation) to: (i) make such payments; and/or (ii) acquire replacement coverage, and set off the amount(s) or costs thereof against the next payment(s) coming due to Contractor under the Contract or under any other contract between TFC and Contractor; and/or 11.2.7.4. TFC may withhold of any payments due to Contractor from this Project or any other TFC project until satisfaction is achieved.
View SourceView Similar (4)
Failure to Obtain or Maintain. Failure to timely obtain and maintain the insurance coverages as required under this Exhibit E and the Agreement may subject Architect to disqualification from eligibility to participate in any other or future projects with Owner and/or suspension of the Architect’s services. Architect shall provide Owner thirty (30) days’ written notice of erosion of any aggregate limits below the minimum amounts required by this Exhibit E and the Agreement. In the event Architect or its Consultants fail to timely renew or pay any of the renewal premiums for any expiring policies, Owner shall have the right (but not the obligation) to: (i) make such payments; and/or (ii) acquire replacement coverage, and set off the amount(s) or costs thereof against the next payment(s) coming due to Architect under the Agreement or under any other contract between Owner and Architect. Owner may withhold any payments due to Architect from this Project or any other Owner project until satisfaction is achieved.
View SourceView Similar (2)
Failure to Obtain or Maintain. Failure to timely obtain and maintain the insurance coverages as required under this Agreement may subject PSP to disqualification from eligibility to participate in any other or future projects with TFC and/or suspension of the Professional Services. PSP shall provide TFC thirty (30) Days written notice of erosion of any aggregate limits below the minimum amounts required by this Agreement. In the event PSP or its Consultants fail to timely renew or pay any of the renewal premiums for any expiring policies, TFC shall have the right (but not the obligation) to: (i) make such payments; and/or (ii) acquire replacement coverage, and set off the amount(s) or costs thereof against the next payment(s) coming due to PSP under this Agreement or under any other contract between TFC and PSP. TFC may withhold any payments due to PSP from this Project or any other TFC project until satisfaction is achieved.
View Source
Failure to Obtain or Maintain. Failure to timely obtain and maintain the insurance coverages as required under this Agreement may subject PCP to disqualification from eligibility to participate in any other or future projects with TFC and/or suspension of the Professional Project Controls Services. PCP shall provide TFC thirty (30) Days written notice of erosion of any aggregate limits below the minimum amounts required by this Agreement. In the event PCP or its Consultants fail to timely renew or pay any of the renewal premiums for any expiring policies, TFC shall have the right (but not the obligation) to: (i) make such payments; and/or (ii) acquire replacement coverage, and set off the amount(s) or costs thereof against the next payment(s) coming due to PCP under this Agreement or under any other contract between TFC and PCP. TFC may withhold any payments due to PCP from this Project or any other TFC project until satisfaction is achieved.
View Source
Failure to Obtain or Maintain. Failure to timely obtain and maintain the insurance coverages as required under this Contract may subject Contractor to, among other remedies, the following: (i) disqualification from eligibility to participate in any other or future projects with TFC; (ii) suspension of work for cause pursuant to UGC, Article 14; (iii) in the event Contractor fails to timely renew or pay any of the renewal premiums for any expiring policies, TFC shall have the right (but not the obligation) to make such payments and/or to acquire replacement coverage and set off the amount(s) or costs thereof against the next payment(s) coming due to Contractor under the Contract or under any other contract between TFC and Contractor; and/or
View Source
Failure to Obtain or Maintain. Failure to timely obtain and maintain the insurance coverages as required under this Contract may subject ESCO to, among other remedies, the following: 11.2.7.1. disqualification from eligibility to participate in any other or future projects with TFC; 11.2.7.2. suspension of Work for cause pursuant to UGC, Article 14; 11.2.7.3. in the event ESCO fails to timely renew or pay any of the renewal premiums for any expiring policies, TFC shall have the right (but not the obligation) to: (i) make such payments; and/or (ii) acquire replacement coverage, and set off the amount(s) or costs thereof against the next payment(s) coming due to ESCO under the Contract or under any other contract between TFC and ESCO; and/or 11.2.7.4. TFC may withhold of any payments due to ESCO from this Project or any other TFC project until satisfaction is achieved.
View Source

Related to Failure to Obtain or Maintain

  • Failure to Maintain If the Tenant fails to obtain and maintain Renters Insurance as required under this Agreement, it shall be considered a violation and result in default of this Agreement.

  • Failure to Maintain Coverage Failure by the Contractor to maintain the required insurance, or to provide evidence of insurance coverage acceptable to the County, shall constitute a material breach of the Contract upon which the County may immediately terminate or suspend this Contract. The County, at its sole option, may obtain damages from the Contractor resulting from said breach. Alternatively, the County may purchase such required insurance coverage, and without further notice to the Contractor, the County may deduct from sums due to the Contractor any premium costs advanced by the County for such insurance.

  • Failure to Maintain Financial Viability The System Agency may terminate the Grant Agreement if the System Agency, in its sole discretion, determines that Grantee no longer maintains the financial viability required to complete the services and deliverables, or otherwise fully perform its responsibilities under the Grant Agreement.

  • Failure to Maintain Insurance Failure on the part of the Consultant to maintain the insurance as required shall constitute a material breach of agreement, upon which the City may, after giving five business days’ notice to the Consultant to correct the breach, immediately terminate the agreement or, at its discretion, procure or renew such insurance and pay any and all premiums in connection therewith, with any sums so expended to be repaid to the City on demand, or at the sole discretion of the City, offset against funds due the Consultant from the City.

  • Failure to Provide Insurance Grantee fails to provide or maintain in effect any policy of insurance required in Article 10.