Commercial Unavailability of Required Coverages. If, through no fault of TSP, any of the coverages required in this Section 9 (or any of the required terms of such coverages, including policy limits) become unavailable or are available only with commercially unreasonable premiums, the Joint Board will work with TSP to find commercially reasonable alternatives to the required coverages that are acceptable to the Joint Board. TSP shall not be entitled to any increase in any Contract Price Component for increased costs resulting from the unavailability of coverage and the requirement to provide acceptable alternatives. The Joint Board shall be entitled to a reduction in the Contract Price if it agrees to accept alternative policies providing less than equivalent coverage, with the amount to be determined based on evidence of insurance premiums as of the Proposal Date). The Joint Board’s right to a reduction in the Contract Price as set forth in the preceding sentence shall be without regard to the insurance costs expended by the TSP for the less than equivalent coverage or on other insurance required under this Section 9.
Commercial Unavailability of Required Coverages. If, through no fault of Design-Build Contractor, any of the coverages required in this Section 9 (or any of the required terms of such coverages, including policy limits) become unavailable or are available only with commercially unreasonable premiums, IFA will consider in good faith alternative insurance packages and programs proposed by Design-Build Contractor, with the goal of reaching agreement on a package providing coverage equivalent to that specified herein. Design-Build Contractor must demonstrate to IFA’s satisfaction that it has used diligent efforts in the global insurance markets to place the required insurance coverages, and shall advise IFA of the specific results of those efforts. Design-Build Contractor shall not be entitled to any increase in the Contract Price for increased costs resulting from the unavailability of coverage and the requirement to provide acceptable alternatives. IFA shall be entitled to a reduction in the Contract Price if it agrees to accept alternative policies providing less than equivalent coverage, with the amount to be determined by extrapolation using the insurance quotes included in the Escrowed Proposal Documents (or based on other evidence of insurance premiums as of the Proposal Date if the EPD does not provide adequate information).
Commercial Unavailability of Required Coverages. If, through no fault of the XXXX Contractor, any of the coverages required in this XXXX Section 506-2.2 (or any of the required terms of such coverages, including policy limits) become unavailable or are available only with commercially unreasonable premiums, CPRA will work with the XXXX Contractor to find commercially reasonable alternatives to the required coverages that are acceptable to CPRA. The XXXX Contractor shall not be entitled to any increase in the GMP for increased costs resulting from the unavailability of coverage and the requirement to provide acceptable alternatives. CPRA will be entitled to a reduction in the Lump Sum Contract Price if it agrees to accept alternative policies providing less than equivalent coverage, based on other evidence of insurance premiums as of the proposal due date. CPRA’s right to a reduction in the Lump Sum Contract Price as set forth in the preceding sentence will be without regard to the insurance costs expended by the XXXX Contractor for the less than equivalent coverage or on other insurance required under this XXXX Section 506-2.2.
Commercial Unavailability of Required Coverages. If, through no fault of Design/Builder, any of the coverages required in this Section 10 (or any of the required terms of such coverages, including endorsements and/or policy limits), are not available or become in the future unavailable as determined under a commercial reasonableness standard, the Alamo RMA, in accordance with the provisions of Section 10.3.6, will work with Design/Builder to find commercially reasonable alternatives to the required coverages that are acceptable to the Alamo RMA and to the Design/Builder. In the event any required coverage is not available and no reasonable alternative is acceptable, the Alamo RMA shall be entitled to a Change Order to reduce the Development Price by the cost of any required insurance that is not obtained due to commercial unavailability.
Commercial Unavailability of Required Coverages. If, through no fault of Integrator, any of the coverages required in this Section 9 (or any of the required terms of such coverages, including policy limits) become unavailable or are available only with commercially unreasonable premiums, TxDOT will work with Integrator to find commercially reasonable alternatives to the required coverages that are acceptable to TxDOT. Integrator shall not be entitled to any increase in any Price for increased costs resulting from the unavailability of coverage and the requirement to provide acceptable alternatives. TxDOT shall be entitled to a reduction in the applicable Price if it agrees to accept alternative policies providing less than equivalent coverage, with the amount to be determined by extrapolation using the insurance quotes included in the EPDs (or based on other evidence of insurance premiums as of the Proposal Date if the EPDs do not provide adequate information). TxDOT’s right to a reduction in Price as set forth in the preceding sentence shall be without regard to the insurance costs expended by the Integrator for the less than equivalent coverage or on other insurance required under this Section 9.
