Common use of Uninsured Loss Occurrence Clause in Contracts

Uninsured Loss Occurrence. In the event a loss occurs during the uninsured period, Owner reserves the right to withhold payment due to Construction Manager. Construction Manager shall immediately notify Owner of any loss. Owner shall withhold any future payments due to Construction Manager. Owner reserves the right to pursue any legal action necessary to cover losses. If Construction Manager remedies the loss and obtains the required insurance coverages, Owner reserves the right to allow Construction Manager to continue work. There shall be no time credit for days not worked pursuant to this section.