Common use of Remedy for failure to insure Clause in Contracts

Remedy for failure to insure. If the Contractor shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, the Authority shall have the option to either keep in force any such insurances, and pay such premia and recover the costs thereof from the Contractor, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the Contractor.

Appears in 43 contracts

Sources: Engineering, Procurement and Construction Agreement, Engineering, Procurement and Construction Agreement, Draft Contract Agreement

Remedy for failure to insure. If the Contractor shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, the Authority Employer shall have the option to either keep in force any such insurances, and pay such premia premium and recover the costs thereof from the Contractor, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the Contractor.

Appears in 3 contracts

Sources: Epc Agreement, Epc Agreement, Contract Agreement for Design and Construction

Remedy for failure to insure. If the Contractor shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, the Authority shall have the option to either keep in force any such insurances, and pay such premia and recover the costs thereof from the Contractor, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the Contractor.. 82

Appears in 2 contracts

Sources: Draft Contract Agreement, Contract Agreement

Remedy for failure to insure. β€Œ If the Contractor shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, the Authority shall have the option to either keep in force any such insurances, and pay such premia and recover the costs thereof from the Contractor, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the Contractor.

Appears in 2 contracts

Sources: Engineering Procurement and Construction Agreement, Construction Contract

Remedy for failure to insure. If the Contractor shall fail to effect and keep in force all insurances for which it is responsible pursuant heretohere to, the Authority shall have the option to either keep in force any such insurances, and pay such premia and recover the costs thereof from the Contractor, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the Contractor.Contracto

Appears in 1 contract

Sources: Construction Contract

Remedy for failure to insure. If the Contractor shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, the Authority shall have the option to either keep in force any such insurances, and pay such premia premier and recover the costs thereof from the Contractor, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the Contractor.

Appears in 1 contract

Sources: Contract Agreement

Remedy for failure to insure. If the Contractor shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, the Authority Authority/GMDA shall have the option to either keep in force any such insurances, and pay such premia premium and recover the costs thereof from the Contractor, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the Contractor.

Appears in 1 contract

Sources: Engineering Procurement and Construction Agreement

Remedy for failure to insure. 3.1 If the Contractor shall fail fails to effect and keep in force all insurances for which it is responsible pursuant hereto, the Authority shall have the option to either keep in force any such insurances, and pay such premia premium and recover the costs thereof from the Contractor, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the Contractor.

Appears in 1 contract

Sources: Contract Agreement

Remedy for failure to insure. If the Contractor shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, the Authority shall have the option to either keep in force any such insurances, and pay such premia premium and recover the costs thereof from the Contractor, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the Contractor.

Appears in 1 contract

Sources: Draft Agreement for RFP for Beautification of Streets

Remedy for failure to insure. β€Œ If the Contractor shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, the Authority Employer shall have the option to either keep in force any such insurances, and pay such premia premium and recover the costs thereof from the Contractor, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the Contractor.

Appears in 1 contract

Sources: Demonstration Agreement

Remedy for failure to insure. If the Contractor shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, the Authority shall have the option to either keep in force any such insurancesinsurance, and pay such premia and recover the costs thereof from the Contractor, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the Contractor.

Appears in 1 contract

Sources: Epc Agreement

Remedy for failure to insure. 18.3.1 If the Contractor shall fail fails to effect and keep in force all insurances for which it is responsible pursuant hereto, the Authority shall have the option to either keep in force any such insurances, and pay such premia premium and recover the costs thereof from the Contractor, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the Contractor.

Appears in 1 contract

Sources: Draft Contract Agreement