Paragraph 3rd. In case of non fulfillment, by the Concessionaire, of the obligation to keep in full effectiveness the insurance policies foreseen, Anatel, irrespectively of its option to decree the intervention or the caducity of the present concession, may proceed to the hiring and the direct payment of the respective premiums, the expenses being shouldered by the Concessionaire.
Appears in 8 contracts
Sources: Grant Contract (Telefonica Brasil S.A.), Grant Contract (Telefonica Brasil S.A.), Grant Contract (Telesp Holding Co)