Failure to Obtain and Maintain Insurance. If Xxxxxx fails to procure and maintain the insurance described above, Lessor shall have the right, but not the obligation, to procure and maintain substitute insurance and to pay the premiums. Lessee shall pay to Lessor upon demand the full amount paid by Xxxxxx.
Failure to Obtain and Maintain Insurance. If Construction Manager fails to obtain and maintain the insurance required pursuant to this Conditions, or if any insurer cancels or modifies such insurance without consent of the Owner, at the Owner’s election (but without any obligation to do so), the Owner may, with written notice to Construction Manager specifying the coverages obtained and the parties insured, procure similar insurance coverage and deduct the entire cost (or part thereof) from the amounts payable by the Owner to Construction Manager pursuant to Article 7. The Construction Manager has an affirmative obligation to provide notice to the Owner of any modification or cancellation of policies required by this contract. Construction Manager shall not perform Work during any period when any policy of insurance required hereunder is not in effect.
Failure to Obtain and Maintain Insurance. If Construction Manager fails to obtain and maintain the insurance required pursuant to this General Conditions, or if any insurer cancels or modifies such insurance without consent of Owner's election (but without any obligation to do so), the Owner may, with written notice specifying the coverages obtained and the parties insured, procure similar insurance covera cost (or part thereof) from the amounts payable by the Owner to Construction Manager pur Construction Manager has an affirmative obligation to provide notice to the Owner of any cancellation of policies required by this contract. Construction Manager shall not perform when any policy of insurance required hereunder is not in effect. Pro usua ond shice. ject and pa l source, all at all ti yme and mes nt of the be atters in question
Failure to Obtain and Maintain Insurance. Failure to obtain and maintain in full force and affect the required insurance set forth in this Lease following written notice thereof from Landlord to Tenant if Tenant fails to cure the same within ten (10) Business Days of receipt of such notice shall constitute a breach of and a material default under this Lease. If the Tenant shall fail to remedy such breach within then (10) Business Days after receipt of such written notice from the Landlord, the Tenant will be liable for, among other things, any and all costs, liabilities, damages and penalties resulting to the Landlord Parties (defined below) from such breach, unless a written waiver of the specific insurance requirement is provided to the Tenant by the Landlord.
