All Coverage. Each insurance policy shall name the City as an additional insured. * Each insurance policy required by this clause shall be endorsed to state that coverage shall not be suspended, voided, canceled, reduced in coverage or in limits except after thirty (30) days prior written notice has been given to the City Contract Administrator. * If the Vendor, for any reason, fails to maintain insurance coverage which is required pursuant to this Agreement, it shall be deemed a material breach of the Agreement. The City, at its sole option, may terminate this Agreement and obtain damages from the Vendor resulting from said breach. * Alternatively, the City may purchase such required insurance coverage (but has no special obligation to do so) and, without further notice to the Vendor, the City may deduct any premium costs advanced by the City for such insurance from sums due to the Vendor.
Appears in 9 contracts
Samples: Agreement for New, Agreement for New, Agreement for New
All Coverage. Each insurance policy shall name the City as an additional insured. * Each insurance policy required by this clause shall be endorsed to state that coverage shall not be suspended, voided, canceled, reduced in coverage or in limits except after thirty (30) days prior written notice has been given to the City Contract Administrator. * If the Vendor, for any reason, fails to maintain insurance coverage which is required pursuant to this Agreement, it shall be deemed a material breach of the Agreement. The City, at its sole option, may terminate this Agreement and obtain damages from the Vendor resulting from said breach. * Alternatively, the City may purchase such required insurance coverage (but has no special obligation to do so) and), and without further notice to the Vendor, the City may deduct any premium costs advanced by the City for such insurance from sums due to the Vendor.
Appears in 5 contracts
Samples: Agreement for Municipal Construction And, Agreement for Municipal Construction And, Agreement for Municipal Construction And
All Coverage. Each insurance policy shall name the City as an additional insured. * Each insurance policy required by this clause shall be endorsed to state that coverage shall not be suspended, voided, canceled, reduced in coverage or in limits except after thirty (30) days prior written notice has been given to the City Contract Administrator. * If the Vendor, for any reason, fails to maintain insurance coverage which is required pursuant to this Agreement, it shall be deemed a material breach of the Agreement. The City, at its sole option, may terminate this Agreement and obtain andobtain damages from the Vendor resulting from said breach. * Alternatively, the City may purchase such required insurance coverage (but has no special obligation to do so) and, without further notice to the Vendor, the City may deduct any premium costs advanced by the City for such insurance from sums due to the Vendor.
Appears in 1 contract
Samples: Agreement