Remedy for failure to insure. If the Supplier shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, the Aggregator shall have the option to either keep in force any such insurances, and pay such premia and recover the costs thereof from the Supplier, 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 Supplier.
Appears in 4 contracts
Sources: Procurement Agreement, Procurement Agreement, Pilot Agreement for Procurement of Power
Remedy for failure to insure. If the Supplier shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, the Aggregator Utility shall have the option to either keep in force any such insurances, and pay such premia and recover the costs thereof from the Supplier, 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 Supplier.
Appears in 2 contracts
Remedy for failure to insure. β If the Supplier shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, the Aggregator Utility shall have the option to either keep in force any such insurances, and pay such premia and recover the costs thereof from the Supplier, 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 Supplier.
Appears in 1 contract
Sources: Power Purchase Agreement