Common use of Failure to Obtain or Maintain Clause in Contracts

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.

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 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.

Failure to Obtain or Maintain. Failure to timely obtain and maintain the insurance coverages as required under this Contract may subject Contractor CMR to, among other remedies, the following: 11.2.7.111.2.10.1. disqualification from eligibility to participate in any other or future projects with TFC; 11.2.7.211.2.10.2. suspension of work Work for cause pursuant to UGC, Article 14; 11.2.7.311.2.10.3. in the event Contractor CMR 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 CMR under the Contract or under any other contract between TFC and ContractorCMR; and/or 11.2.7.411.2.10.4. TFC may withhold of any payments due to Contractor CMR from this Project or any other TFC project until satisfaction is achieved.

Failure to Obtain or Maintain. Failure to timely obtain and maintain the insurance coverages as required under this Contract may subject Contractor CMR to, among other remedies, the following: 11.2.7.112.2.10.1. disqualification from eligibility to participate in any other or future projects with TFC; 11.2.7.212.2.10.2. suspension of work Work for cause pursuant to UGC, Article 14; 11.2.7.312.2.10.3. in the event Contractor CMR 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 CMR under the Contract or under any other contract between TFC and ContractorCMR; and/or 11.2.7.412.2.10.4. TFC may withhold of any payments due to Contractor CMR from this Project or any other TFC project until satisfaction is achieved.