Financially Responsible Party Letter of Support Sample Clauses

Financially Responsible Party Letter of Support. ADOT may, based upon the review of the information provided, specify that an acceptable Financially Responsible Party is required as a condition of shortlisting. If financial statements of a parent company, affiliate company or other company are provided to demonstrate financial capability of Proposer, Equity Members or the Major Non-Equity Members, an appropriate letter from that entity must be provided confirming that it will act as a Financially Responsible Party, as applicable with respect to the Project. This letter must be signed by the chief executive officer, chief financial officer or treasurer (or equivalent position or role) of the proposed Financially Responsible Party. A Financially Responsible Party may, in ADOT’s sole discretion, be required to guaranty certain obligations of Proposer, Equity Members or the Major Non-Equity Members, as applicable.
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Financially Responsible Party Letter of Support. Arizona Department of Transportation Phoenix Metropolitan Area Freeway Lighting Project Page 33 of 5858 Request for Qualifications Project #F014701C Addendum #3, September 14, 2017 ADOT may, based upon the review of the information provided, specify that an acceptable Financially Responsible Party is required as a condition of shortlisting. If financial statements of a parent company, affiliate company or other company are provided to demonstrate financial capability of Proposer, Equity Members or the Major Non-Equity Members, an appropriate letter from that entity must be provided confirming that it will act as a Financially Responsible Party, as applicable with respect to the Project. This letter must be signed by the chief executive officer, chief financial officer or treasurer (or equivalent position or role) of the proposed Financially Responsible Party. A Financially Responsible Party may, in ADOT’s sole discretion, be required to guaranty certain obligations of Proposer, Equity Members or the Major Non-Equity Members, as applicable.
Sample 1
Financially Responsible Party Letter of Support. ADOT may, based upon the review of the information provided, specify that an acceptable Financially Responsible Party is required as a condition of shortlisting. If financial statements of a parent company, affiliate company or other company are provided to demonstrate financial capability of Proposer, Equity Members or the Major Non-Equity Members, an appropriate letter from that entity must be provided confirming that it will act as a Financially Responsible Party, as applicable with respect to the Project. Such letter will not be counted towards the overall SOQ page limit. This letter must be signed by the chief executive officer, chief financial officer or treasurer (or equivalent position or role) of the proposed Financially Responsible Party. A Financially Responsible Party may, in ADOT’s sole discretion, be required to guaranty certain obligations of Proposer, Equity Members or the Major Non-Equity Members, as applicable.
Sample 1

Related to Financially Responsible Party Letter of Support

  • Professional Liability (Errors & Omissions Insurance with limits of not less than $1,000,000 each occurrence, $2,000,000 aggregate. Such insurance will cover all professional services rendered by or on behalf of PROVIDER and its subcontractors under this Agreement. Renewal policies written on a claims- made basis will maintain the same retroactive date as in effect at the inception of this Agreement. If coverage is written on a claims-made basis, PROVIDER agrees to purchase an Extended Reporting Period Endorsement, effective for two (2) full years after the expiration or cancellation of the policy. No professional liability policy written on an occurrence form will include a sunset or similar clause that limits coverage unless such clause provides coverage for at least three (3) years after the expiration of cancellation of this Agreement.

  • Commercial General Liability and Business Auto Liability will be endorsed to provide primary and non-contributory coverage The Commercial General Liability Additional Insured endorsement will include on-going and completed operations and will be submitted with the

  • Products and Completed Operations Personal Injury Liability Contractual Liability The policy shall be on an occurrence form and limits shall not be less than: $1,000,000 Each Occurrence $2,000,000 General Aggregate $1,000,000 Products/Completed Operations Aggregate $1,000,000 Personal & Advertising Injury Automotive Liability: The Party shall carry automotive liability insurance covering all motor vehicles, including hired and non-owned coverage, used in connection with the Agreement. Limits of coverage shall not be less than $500,000 combined single limit. If performance of this Agreement involves construction, or the transport of persons or hazardous materials, limits of coverage shall not be less than $1,000,000 combined single limit.

  • Errors and Omissions, Professional Liability or Malpractice Insurance Contractor may be required to carry errors and omissions, professional liability or malpractice insurance. All policies shall remain in force through the life of this Contract and shall be payable on a "per occurrence" basis unless County specifically consents to a "claims made" basis. The insurer shall supply County adequate proof of insurance and/or a certificate of insurance evidencing coverages and limits prior to commencement of work. Should any of the required insurance policies in this Contract be cancelled or non-renewed, it is the Contractor’s duty to notify the County immediately upon receipt of the notice of cancellation or non-renewal. If Contractor does not carry a required insurance coverage and/or does not meet the required limits, the coverage limits and deductibles shall be set forth on a waiver, Exhibit C, attached hereto. Failure to provide and maintain the insurance required by this Contract will constitute a material breach of this Contract. In addition to any other available remedies, County may suspend payment to the Contractor for any services provided during any time that insurance was not in effect and until such time as the Contractor provides adequate evidence that Contractor has obtained the required coverage.

  • Specific Requirements for Commercial General Liability Contractor shall purchase and maintain occurrence coverage with combined single limits for bodily injury, personal injury, and property damage of $1,000,000 per occurrence and $2,000,000 aggregate per year to cover such claims as may be caused by any act, omission, or negligence of Contractor or its officers, agents, representatives, assigns, or subcontractors. State, its officers, officials, employees, and volunteers are to be covered and listed as additional insureds for liability arising out of activities performed by or on behalf of Contractor, including the insured's general supervision of Contractor, products, and completed operations, and the premises owned, leased, occupied, or used.

  • ADDITIONAL INSURED ENDORSEMENT AND PRIMARY AND NON-CONTRIBUTORY INSURANCE CLAUSE Supplier agrees to list Sourcewell and its Participating Entities, including their officers, agents, and employees, as an additional insured under the Supplier’s commercial general liability insurance policy with respect to liability arising out of activities, “operations,” or “work” performed by or on behalf of Supplier, and products and completed operations of Supplier. The policy provision(s) or endorsement(s) must further provide that coverage is primary and not excess over or contributory with any other valid, applicable, and collectible insurance or self-insurance in force for the additional insureds.

  • PROFESSIONAL LIABILITY INSURANCE (ERRORS & OMISSIONS) Professional Liability Insurance for Errors and Omissions coverage in the amount of not less than ($1,000,000). If CONTRACTOR sub-contracts in support of CONTRACTOR’S work provided for in the agreement, Professional Liability Insurance for Errors shall be provided by the sub-contractor in an amount not less than one million dollars ($1,000,000) in aggregate. The insurance coverage provided by the CONTRACTOR shall contain language providing coverage up to one (1) year following completion of the contract in order to provide insurance coverage for the hold harmless provisions herein if the policy is a claims-made policy.

  • Errors and Omissions; Professional Liability Errors and Omissions or Professional Liability insurance, as may be required, covering damages arising out of negligent acts, errors, or omissions committed by Contractor in the performance of this Contract, with a liability limit of not less than $1,000,000 each claim. Contractor shall maintain this policy for a minimum of two

  • Insurance, Subcontractor's Public Liability and Property Damage The Contractor shall require each of its subcontractors to secure and maintain during the life of the subcontract, insurance of the type specified in this Contract, or, the Contractor may insure the activities of its subcontractors in the Contractor’s policy, as specified in this Contract.

  • Excess/Umbrella Liability Policies Required insurance coverage limits may be provided through a combination of primary and excess/umbrella liability policies. If coverage limits are provided through excess/umbrella liability policies, then a Schedule of underlying insurance listing policy information for all underlying insurance policies (insurer, policy number, policy term, coverage and limits of insurance), including proof that the excess/umbrella insurance follows form must be provided after renewal and/or upon request.

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