Required Method of Proof Sample Clauses
The Required Method of Proof clause establishes the specific forms or standards of evidence that must be provided to substantiate a claim or fulfill an obligation under the agreement. Typically, this clause details whether written documentation, sworn statements, or other types of proof are necessary, and may outline acceptable sources or formats for such evidence. By clearly defining what constitutes adequate proof, the clause helps prevent disputes over the sufficiency of evidence and ensures that both parties understand the evidentiary requirements for enforcing rights or obligations.
Required Method of Proof. In order to obtain adequate assurances of the PSP’s satisfaction of the insurance requirements for this Project, TFC requires that within three (3) days of receipt of a notice of award, PSP must:
10.3.1.1. obtain and maintain, at no expense to TFC, insurance in the types and amounts specified above for the duration of the Agreement (unless specifically provided otherwise herein);
10.3.1.2. deliver, or cause to be delivered, to TFC, at no expense to TFC, a fully completed and current certificate of insurance for the errors and omissions (hereinafter referred to as “E&O”) insurance policy (or other similar professional liability insurance policy) from each Person (hereinafter referred to as “Agent”) who obtained or otherwise procured the insurance identified in the PSP’s certificate of insurance. The Agent’s certificate of insurance must state, at a minimum, the coverage, the limits, any applicable deductibles and self-insured retentions, and expiration dates. The policy limits for said E&O insurance coverage must be at least $1,000,000. At the option of the Agent, and upon advance notice to TFC, the Agent shall be permitted to provide the above-described certificate of insurance with the policy limits redacted; provided however, the redacted certificate of insurance must be accompanied by written certification to TFC that the error and omissions policy(ies) identified in the certificate of insurance satisfies the policy limit described above. THE AGREEMENT SHALL NOT BE EXECUTED UNLESS AND UNTIL THE FOREGOING REQUIREMENTS ARE TIMELY SATISFIED AND FAILURE TO TIMELY SATISFY THE FOREGOING REQUIREMENTS MAY RESULT IN THE DISQUALIFICATION OF PSP. ADDITIONALLY, THE FAILURE TO TIMELY PROVIDE ALL OF THE DOCUMENTATION DESCRIBED IN THE PROOF OF SATISFACTION SHALL CONSTITUTE A BREACH OF THE AGREEMENT.
Required Method of Proof. In order to obtain adequate assurances of the PSP’s satisfaction of the insurance requirements for this Project, TFC requires that within three (3) days of receipt of a notice of award, PSP must:
10.3.1.1. obtain and maintain, at no expense to TFC, insurance in the types and amounts specified above for the duration of the Agreement (unless specifically provided otherwise herein);