Common use of Authority's Right to Procure Replacement Insurance Clause in Contracts

Authority's Right to Procure Replacement Insurance. If, after the inception of the contract, the company fails to fully comply with the insurance requirements of the contract, in addition to and not in lieu of any other remedy available to the Authority provided by the contract, the Authority may, at its sole discretion, procure and maintain on behalf of the company, insurance which provides, in whole or in part, the required insurance coverage.

Appears in 62 contracts

Samples: Space Rental Agreement, Operating Agreement, Operating Agreement

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