Failure to Obtain or Maintain Insurance; City’s Remedies Sample Clauses

Failure to Obtain or Maintain Insurance; City’s Remedies. Lessee’s failure to provide insurance specified or failure to furnish certificates of insurance, amendatory endorsements and certified copies of policies, or failure to make premium payments required by such insurance, shall constitute a material breach of the Lease, and City may, at its option, terminate the Lease for any such default by Lessee.
Sample 1
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Failure to Obtain or Maintain Insurance; City’s Remedies. Lessee’s failure to procure the insurance specified herein, or failure to deliver certified copies and appropriate certificates of such insurance, or failure to make the premium payments required by such insurance, shall constitute a material breach of the Solar Lease, and City may, at its option, terminate the Solar Lease for any such default by Lessee.
Sample 1

Related to Failure to Obtain or Maintain Insurance; City’s Remedies

  • Failure to Maintain Insurance Failure on the part of the Consultant to maintain the insurance as required shall constitute a material breach of contract, upon which the City may, after giving five business days notice to the Consultant to correct the breach, immediately terminate the Agreement or, at its discretion, procure or renew such insurance and pay any and all premiums in connection therewith, with any sums so expended to be repaid to the City on demand, or at the sole discretion of the City, offset against funds due the Consultant from the City.

  • Failure to Maintain Financial Viability The System Agency may terminate the Contract if, in its sole discretion, the System Agency has a good faith belief that Grantee no longer maintains the financial viability required to complete the services and Deliverables, or otherwise fully perform its responsibilities under the Contract.

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