Common use of Material Terms Clause in Contracts

Material Terms. Failure to secure the insurance coverages, or the failure to comply fully with any of the insurance provisions of these Standard Services Terms & Conditions as may be necessary to carry out the terms and provisions of these Standard Services Terms & Conditions shall be deemed to be a material breach of these Standard Services Terms & Conditions. The lack of insurance coverage does not reduce or limit GlassHouse’s responsibility to indemnify Dell as set forth in these Standard Services Terms & Conditions. Any and all deductibles and premiums associated with the above described insurance policies shall be assumed by, for the account of, and at the sole risk of GlassHouse.

Appears in 3 contracts

Sources: Intellectual Property License Agreement, Intellectual Property License Agreement (GlassHouse Technologies Inc), Intellectual Property License Agreement (GlassHouse Technologies Inc)