Common use of Breach for Lack of Proof of Coverage Clause in Contracts

Breach for Lack of Proof of Coverage. The Term of this Lease shall not commence if the coverage provisions and limits of the policies provided by the Lessee do not meet the provisions and requirements of this section or proof of compliance is not provided to the State. In addition, the failure to comply with the requirements of this section at any time during the Term of this Lease, the Renewal Term, if applicable, and any holdover or extension thereof, shall be considered a breach of the terms of this Lease and shall allow the State to avail itself of all remedies available under this Lease, at law or in equity.

Breach for Lack of Proof of Coverage. The Term of this Lease shall not commence if the coverage provisions and limits of the policies provided by the Lessee do not meet the provisions and requirements of this section or proof of compliance is not provided to the State. In addition, the failure to comply with the requirements of this section at any time during the Term of this Lease, the Renewal Term, if applicable, and any holdover or extension thereof, Lease shall be considered a breach of the terms of this Lease and shall allow the State to avail itself of all remedies available under this Lease, at law or in equity.