Assignment of Return Premiums. The Owner will be responsible for the payment of all premiums associated solely with the OCIP and will be the sole recipient of any dividend(s) and/or return premium(s) generated by the OCIP. In consideration of the Owner’s provision of said coverages under the OCIP program, the Contractor and eligible Subcontractors agree to:
Appears in 6 contracts
Samples: Construction Contract, Lump Sum Construction Contract, flymemphis.com
Assignment of Return Premiums. The Owner will be responsible for the payment of all premiums associated solely with the OCIP and will be the sole recipient of any dividend(s) and/or return premium(s) generated by the OCIP. In consideration of the The Owner’s provision of said coverages under the OCIP program, the Contractor and eligible Subcontractors subcontractors agree to:
Appears in 1 contract
Samples: Agreement for Guaranteed Maximum Price Construction Services (Pinnacle Entertainment Inc)
Assignment of Return Premiums. The As noted above, the Owner will be responsible provide the OCIP coverage for the payment benefit of all premiums associated solely with the OCIP Design/Builder and will be covered subcontractors at the Owner's sole recipient of any dividend(s) and/or return premium(s) generated by the OCIPexpense. In consideration of the Owner’s 's provision of said coverages under the OCIP program, the Contractor Design/Builder and eligible Subcontractors subcontractors agree to:
Appears in 1 contract
Samples: University of Nebraska
