Common use of Failure to Obtain or Maintain Coverage Clause in Contracts

Failure to Obtain or Maintain Coverage. CLEC’s failure to obtain and maintain the required levels and types of insurance coverage required under this Appendix may be grounds for termination of this Appendix and licenses subject to policies of insurance required under this Appendix will be canceled or changed in any manner which will result in CLEC’s failure to meet the requirements of this Appendix, SBC MISSOURI may terminate this Appendix and all licenses subject to this Appendix not less than 60 days after giving CLEC written notice of its intention to do so, and such termination shall be effective on the termination date specified in the notice unless CLEC has obtained (or made arrangements satisfactory to SBC MISSOURI to obtain) the required coverage from another source. In the alternative, SBC MISSOURI may, in its sole discretion, elect to take such action as may be necessary to keep the policy in effect with the required coverages.