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 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
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 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