Insurance and Bond Reimbursements Sample Clauses

Insurance and Bond Reimbursements. At Project Completion, Contractor shall require reimbursement from its insurance brokers and/or insurers and its bond brokers and/or sureties, all portions of Contractor’s bond premiums, either paid or to be paid, that are not at-risk due to a reduction in the Guaranteed Project Cost. All amounts of premium reimbursement that Contractor receives from the Contractor’s insurance brokers and/or insurers and its bond brokers and or sureties, shall be withheld by District from Contractor’s Lease Payment(s). The District shall estimate this amount until Contractor indicates what the total amount of this reimbursement.
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Insurance and Bond Reimbursements. At Project Completion, Contractor shall require reimbursement from its insurance brokers and/or insurers and its bond brokers and/or sureties, all portions of Contractor’s bond premiums, either paid or to be paid, that are not at-risk due to a reduction in the Guaranteed Project Cost. All amounts of premium reimbursement that Contractor receives from the MASTER FACILITIES LEASE GENERAL CONSTRUCTION PROVISIONS
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Insurance and Bond Reimbursements. At Project Completion, Contractor shall require reimbursement from its insurance brokers and/or insurers and its bond brokers and/or sureties, all portions of Contractor’s bond premiums, either paid or to be paid, that are not at-risk due to a reduction in the Guaranteed Maximum Price. All amounts of premium reimbursement that Contractor receives from the Contractor’s insurance brokers and/or insurers and its bond brokers and or sureties, shall be withheld by District from Contractor’s Lease Payment(s). The District shall estimate this amount until Contractor indicates what the total amount of this reimbursement. ARTICLE 1 DEFINITIONS ARTICLE 2 DISTRICT – DUTIES OF ARTICLE 3 ARCHITECT – DUTIES OF ARTICLE 4 CONTRACTOR – DUTIES OF ARTICLE 5 SUBCONTRACTORS ARTICLE 6 CONTRACT TIME
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Insurance and Bond Reimbursements. At Project Completion, Contractor shall require reimbursement from its insurance brokers and/or insurers and its bond brokers and/or sureties, all portions of Contractor’s bond premiums, either paid or to be paid, that are not at-risk due to a reduction in the Guaranteed Maximum Price. All amounts of premium reimbursement that Contractor receives from the Contractor’s insurance brokers and/or insurers and its bond brokers and or sureties, shall be withheld by District from Contractor’s Lease Payment(s). The District shall estimate this amount until Contractor indicates what the total amount of this reimbursement. the total amount of this reimbursement. Attached is a detailed Schedule of Values that complies with the requirements of the General Conditions (Exhibit G) and that has been approved by the District. DocuSign Envelope ID: 86105F65-9AAF-4137-AA40-5B430D1FB83C ARTICLE 1 DEFINITIONS ARTICLE 2 DISTRICT – DUTIES OF ARTICLE 3 ARCHITECT – DUTIES OF ARTICLE 4 CONTRACTOR – DUTIES OF ARTICLE 5 SUBCONTRACTORS ARTICLE 6 CONTRACT TIME ARTICLE 7 GUARANTEED MAXIMUM PRICE ARTICLE 8 DISTRICT’S SUBMITTALS ARTICLE 9 MATERIALS AND EQUIPMENT ARTICLE 10 CHANGES ARTICLE 11 SEPARATE CONTRACTS ARTICLE 12 PROTECTION OF PERSONS AND PROPERTY ARTICLE 13 TESTS AND INSPECTIONS ARTICLE 14 UNCOVERING AND CORRECTION OF WORK ARTICLE 15 WARRANTIES ARTICLE 16 SUSPENSION OR TERMINATION OF WORK ARTICLE 17 STATUTORY REQUIREMENTS
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Insurance and Bond Reimbursements. At Project Completion, Contractor shall require reimbursement from its insurance brokers and/or insurers and its bond brokers and/or sureties, all portions of Contractor’s bond premiums, either paid or to be paid, that are not at-risk due to a reduction in the Guaranteed Project Cost. All amounts of premium reimbursement that Contractor receives from the Contractor’s insurance brokers and/or insurers and its bond brokers and or sureties, shall be withheld by District from Contractor’s Lease Payment(s). The District shall estimate this amount until Contractor indicates what the total amount of this reimbursement. 1. CONTRACT TERMS AND DEFINITIONS 10 1.1. Definitions 10 1.2. Laws Concerning The Contract 13 1.3. No Oral Agreement 13 1.4. No Assignment 13 1.5. Notice And Service Thereof 14 1.6. No Waiver 14 1.7. Substitution for Specified Items 14 1.8. Materials and Work 14 2. [RESERVED] 15 3. ARCHITECT 15
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Related to Insurance and Bond Reimbursements

  • Insurance and Bonds Unless otherwise specified in this Contract, Grantee shall acquire and maintain, for the duration of this Contract, insurance coverage necessary to ensure proper fulfillment of this Contract and potential liabilities thereunder with financially sound and reputable insurers licensed by the Texas Department of Insurance, in the type and amount customarily carried within the industry as determined by the System Agency. Grantee shall provide evidence of insurance as required under this Contract, including a schedule of coverage or underwriter’s schedules establishing to the satisfaction of the System Agency the nature and extent of coverage granted by each such policy, upon request by the System Agency. In the event that any policy is determined by the System Agency to be deficient to comply with the terms of this Contract, Grantee shall secure such additional policies or coverage as the System Agency may reasonably request or that are required by law or regulation. If coverage expires during the term of this Contract, Grantee must produce renewal certificates for each type of coverage. In addition, if required by System Agency, Grantee must obtain and have on file a blanket fidelity bond that indemnifies System Agency against the loss or theft of any grant funds, including applicable matching funds. The fidelity bond must cover the entirety of the grant term and any subsequent renewals. The failure of Grantee to comply with these requirements may subject Grantee to remedial or corrective actions detailed in section 10.1, General Indemnity, above. These and all other insurance requirements under the Grant apply to both Grantee and its Subcontractors, if any. Grantee is responsible for ensuring its Subcontractors’ compliance with all requirements.

  • Insurance and Indemnity (a) The Hirer shall be liable for: (i) the cost of repair of any damage (including accidental and malicious damage) done to any part of the premises including the curtilage thereof or the contents of the premises (ii) the cost of any special cleaning after an event to return the hall to its normal condition§ deemed appropriate by the WVHRGT (iii) all claims, losses, damages and costs made against or incurred by the WVHRGT, their employees, volunteers, agents or invitees in respect of damage or loss of property or injury to persons arising as a result of the use of the premises (including the storage of equipment) by the Hirer, and (iv) all claims, losses, damages and costs made against or incurred by WVHRGT, their employees, volunteers, agents or invitees as a result of any nuisance caused to a third party as a result of the use of the premises by the Hirer, and subject to sub-clause (b), the Hirer shall indemnify and keep indemnified accordingly each member of the WVHRGT and their employees, volunteers, agents and invitees against such liabilities. (b) WVHRGT has taken out adequate insurance to insure the liabilities described in sub- clauses (a)(i) above and may, in its discretion and in the case of non commercial hirers, insure the liabilities described in sub-clauses (a) (ii) and (iii) above. WVHRGT shall claim on its insurance for any liability of the Hirer hereunder but the Hirer shall indemnify and keep indemnified each member of the WVHRGT and its employees, volunteers, agents and invitees against (a) any insurance excess incurred and (b) the difference between the amount of the liability and the monies received under the insurance policy. (c) Where the WVHRGT does not insure the liabilities described in sub-clauses (a)(ii) and (iii) above, the Hirer shall take out adequate insurance to insure such liability and on demand shall produce the policy and current receipt or other evidence of cover to the WVHRGT. Failure to produce such policy and evidence of cover will render the hiring void and enable the hall secretary to rehire the premises to another Hirer. WVHRGT is insured against any claims arising out of its own negligence.

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