Uninsured Loss Occurrence. In the event a loss occurs during the uninsured period, University reserves the right to withhold payment due to the ESCO. The ESCO shall immediately notify University of any loss. University shall withhold any future payments due to the ESCO. University reserves the right to pursue any legal action necessary to cover losses. If the ESCO remedies the loss and obtains the required insurance coverages, University reserves the right to allow the ESCO to continue work. There shall be no time credit for days not worked pursuant to this section.
Appears in 3 contracts
Sources: Energy Services Agreement, Energy Services Agreement, Energy Services Agreement