Common use of Failure to Secure Clause in Contracts

Failure to Secure. If CONSULTANT at any time during the term hereof, should fail to secure or maintain the foregoing insurance, DISTRICT shall be permitted to obtain such insurance in CONSULTANT’s name or as an agent of CONSULTANT and may withhold from any compensation owed to CONSULTANT the costs of the insurance premiums at the maximum rate permitted by law computed from the date written notice is received that the premiums have been paid.

Appears in 2 contracts

Sources: Professional Services, Professional Services Agreement