Insurance to be Kept in Effect Clause Samples

Insurance to be Kept in Effect. The CM shall not cause or allow any of the insurance required it by this Contract to lapse or be canceled. If the CM fails to obtain, maintain or renew any required insurance, Owner may obtain replacement insurance coverage directly and recover the cost of that insurance from the CM.
View SourceView Similar (8)
Insurance to be Kept in Effect. The Contractor shall not cause or allow any of the insurance required by this Agreement to lapse or be canceled during the term of the Agreement or as otherwise required by the Agreement. If the Contractor fails to obtain, maintain, or renew any insurance required by the Agreement, the Owner may obtain replacement insurance coverage directly and recover the cost of that insurance from the Contractor.
View SourceView Similar (5)
Insurance to be Kept in Effect. The Design/Build Contractor shall not cause or allow any of its required insurance to be canceled nor permit any insurance to lapse during the term of the Agreement or as required in the Agreement. If the Design/Build Contractor fails to obtain, maintain, or renew any insurance required by the Agreement, the Owner may obtain insurance coverage directly and recover the cost of that insurance from the Design/Build Contractor.
View Source

Related to Insurance to be Kept in Effect

  • Agreement in Effect Except as hereby amended, the Partnership Agreement shall remain in full force and effect.

  • Certain Effects of Termination If this Agreement is terminated as provided in Section 6.01, except as set forth in Section 7.03, this Agreement shall become null and void and have no further force or effect, but the parties shall not be released from any liability arising from or in connection with any breach hereof occurring prior to such termination.

  • Change in Effective Control A Change in Effective Control occurs if, over a twelve (12) month period: (i) a person or group acquires stock representing thirty percent (30%) of the voting power of the corporation; or (ii) a majority of the members of the board of directors of the ultimate parent corporation is replaced by directors not endorsed by the persons who were members of the board before the new directors’ appointment, as defined in Treasury Regulations §1.409A-3(i)(5)(vi).

  • Change in Effective Control of the Company A change in the effective control of the Company which occurs on the date that a majority of members of the Board is replaced during any twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election. For purposes of this clause (ii), if any Person is considered to be in effective control of the Company, the acquisition of additional control of the Company by the same Person will not be considered a Change of Control; or

  • Am I Eligible to Contribute to a Traditional IRA?