RIGHT TO MAINTAIN POLICIES. If the Provider fails to effect or keep in force any of the insurance required under this Agreement, the Owner may effect and keep in force any such insurance and pay such premiums as may be necessary for that purpose. The Owner may obtain reimbursement for such premiums by deducting the amount so paid from any money due or which may become due to the Provider hereunder or by invoicing the Insuring Party for such premiums. The foregoing rights shall not apply if the Provider has provided notice of termination or of an intent to terminate the Agreement.
Appears in 2 contracts
Sources: Marine Maintenance Service Agreement (Flag Telecom Holdings LTD), Marine Maintenance Service Agreement (Flag Telecom Holdings LTD)