Common use of Contractors’ Bonds and Insurance Clause in Contracts

Contractors’ Bonds and Insurance. Licensee shall require its contractors that install, maintain, repair, replace, or otherwise perform work on the License Area: (a) to provide bonds to guarantee the performance of the work and the payment of subcontractors and suppliers for any installation of Equipment; and (b) to have and maintain insurance of the same coverage and amounts as required of Licensee.

Contractors’ Bonds and Insurance. Licensee shall require its contractors that install, maintain, repair, replace, or otherwise perform work on the License Area: (a) to provide bonds to guarantee the performance of the work and the payment of subcontractors and suppliers for any installation of Equipment; and (b) to have and maintain insurance of the same coverage and amounts as required of Licenseewith reasonable and prudent amounts.

Contractors’ Bonds and Insurance. Licensee shall require its contractors that install, maintain, repair, replace, or otherwise perform work on the License Area: (a) to provide bonds to guarantee the performance of the work and the payment of subcontractors and suppliers for any installation of Equipment; and and (b) to have and maintain insurance of substantially the same coverage and insurance with substantially the same amounts as required of Licensee.

Contractors’ Bonds and Insurance. Licensee shall require its contractors that install, maintain, repair, replace, or otherwise perform work on the License Area: (a) to provide bonds to guarantee the performance of the work and the payment of subcontractors and suppliers for any installation of Equipment; and and (b) to have and maintain insurance of substantially the same coverage and amounts with substantially the same limits as required of Licensee.