Consequence of Lapse. Should any required insurance not be procured or lapse during the term of this Agreement, requests for payment originating after such lapse will not be processed until the District receives satisfactory evidence of reinstated coverage as required by the Agreement. If insurance is not reinstated, the District, may, at its sole option, terminate this Agreement effective on the date of such lapse of insurance.
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Samples: Professional Services, Consulting Agreement, Construction Management and Environmental Monitoring Services Agreement
Consequence of Lapse. Should any required insurance not be procured or lapse during the term of this AgreementContract, requests for payment originating after such lapse will not be processed until the District receives satisfactory evidence of reinstated coverage as required by the AgreementContract. If insurance is not reinstated, the District, may, at its sole option, terminate this Agreement Contract effective on the date of such lapse of insurance.
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