Common use of Failure to Obtain or Maintain Clause in Contracts

Failure to Obtain or Maintain. Failure to timely obtain and maintain the insurance coverages as required under this Agreement may subject A/E to disqualification from eligibility to participate in any other or future projects with TFC and/or suspension of the Professional Services. A/E shall provide TFC thirty (30) Days written notice of erosion of any aggregate limits below the minimum amounts required by this Agreement. In the event A/E or its Consultants fail to timely renew or pay any of the renewal premiums for any expiring policies, TFC shall have the right (but not the obligation) to: (i) make such payments; and/or (ii) acquire replacement coverage, and set off the amount(s) or costs thereof against the next payment(s) coming due to A/E under this Agreement or under any other contract between TFC and A/E. TFC may withhold any payments due to A/E from this Project or any other TFC project until satisfaction is achieved.

Failure to Obtain or Maintain. Failure to timely obtain and maintain the insurance coverages as required under this Agreement may subject A/E PMP to disqualification from eligibility to participate in any other or future projects with TFC and/or suspension of the Professional Services. A/E PMP shall provide TFC thirty (30) Days written notice of erosion of any aggregate limits below the minimum amounts required by this Agreement. In the event A/E PMP or its Consultants fail to timely renew or pay any of the renewal premiums for any expiring policies, TFC shall have the right (but not the obligation) to: (i) make such payments; and/or (ii) acquire replacement coverage, and set off the amount(s) or costs thereof against the next payment(s) coming due to A/E PMP under this Agreement or under any other contract between TFC and A/E. PMP. TFC may withhold any payments due to A/E PMP from this Project or any other TFC project until satisfaction is achieved.

Failure to Obtain or Maintain. Failure to timely obtain and maintain the insurance coverages as required under this Agreement may subject A/E CxA to disqualification from eligibility to participate in any other or future projects with TFC and/or suspension of the Professional Services. A/E CxA shall provide TFC thirty (30) Days written notice of erosion of any aggregate limits below the minimum amounts required by this Agreement. In the event A/E CxA or its Consultants fail to timely renew or pay any of the renewal premiums for any expiring policies, TFC shall have the right (but not the obligation) to: (i) make such payments; and/or (ii) acquire replacement coverage, and set off the amount(s) or costs thereof against the next payment(s) coming due to A/E CxA under this Agreement or under any other contract between TFC and A/E. CxA. TFC may withhold any payments due to A/E CxA from this Project or any other TFC project until satisfaction is achieved.

Failure to Obtain or Maintain. Failure to timely obtain and maintain the insurance coverages as required under this Agreement may subject A/E CMR to disqualification from eligibility to participate in any other or future projects with TFC and/or suspension of the Professional ServicesWork for cause pursuant to UGC Article 14. A/E CMR shall provide TFC thirty (30) Days written notice of erosion of any aggregate limits below the minimum amounts required by this Agreement. In the event A/E or its Consultants fail CMR fails to timely renew or pay any of the renewal premiums for any expiring policies, TFC shall have the right (but not the obligation) to: (i) make such payments; and/or (ii) acquire replacement coverage, and set off the amount(s) or costs thereof against the next payment(s) coming due to A/E CMR under this Agreement or under any other contract between TFC and A/E. CMR. TFC may withhold any payments due to A/E CMR from this Project or any other TFC project until satisfaction is achieved.

Failure to Obtain or Maintain. Failure to timely obtain and maintain the insurance coverages as required under this Agreement may subject A/E PMF to disqualification from eligibility to participate in any other or future projects with TFC and/or suspension of the Professional PM Services. A/E PMF shall provide TFC thirty (30) Days calendar days written notice of erosion of any aggregate limits below the minimum amounts required by this Agreement. In the event A/E PMF or its Consultants fail to timely renew or pay any of the renewal premiums for any expiring policies, TFC shall have the right (but not the obligation) to: (i) make such payments; and/or (ii) acquire replacement coverage, and set off the amount(s) or costs thereof against the next payment(s) coming due to A/E PMF under this Agreement or under any other contract between TFC and A/E. PMF. TFC may withhold any payments due to A/E PMF from this Project or any other TFC project until satisfaction is achieved.