Common use of Insurance and Bonding Clause in Contracts

Insurance and Bonding. The Subrecipient shall carry sufficient insurance coverage to protect Agreement assets from loss due to theft, fraud and/or undue physical damage, and as a minimum shall purchase a blanket fidelity bond covering all employees in an amount equal to cash advances from the City/Grantee. The Subrecipient shall comply with the bonding and insurance requirements of 24 CFR 84.31 and 84.48, Bonding and Insurance.

Appears in 4 contracts

Samples: Subrecipient Contract, Subrecipient Contract, Subrecipient Contract

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Insurance and Bonding. The Subrecipient shall will carry sufficient insurance coverage to protect Agreement contract assets from loss due to theft, fraud and/or undue physical damage, and as a minimum shall will purchase a blanket fidelity bond covering all employees in an amount equal to cash advances from the City/Grantee. The Subrecipient shall comply with the bonding and insurance requirements of 24 CFR 84.31 and 84.48, Bonding and InsuranceLocal Government.

Appears in 4 contracts

Samples: Subrecipient Agreement, Subrecipient Agreement, Subrecipient Agreement

Insurance and Bonding. The Subrecipient shall carry sufficient insurance coverage to protect Agreement contract assets from loss due to theft, fraud and/or undue physical damage, and as a minimum shall purchase a blanket fidelity bond covering all employees in an amount equal to cash advances from the City/Grantee. The Subrecipient shall comply with the bonding and insurance requirements of 24 CFR 84.31 and 84.48, Bonding and Insurance.

Appears in 3 contracts

Samples: Subrecipient Agreement, Subrecipient Agreement, Subrecipient Agreement

Insurance and Bonding. The Subrecipient shall carry sufficient insurance coverage to protect Agreement contract assets from loss due to theft, fraud and/or undue physical damage, and as a minimum shall purchase a blanket fidelity bond covering all employees in an amount equal to cash advances from the City/Grantee. The Subrecipient shall comply with the bonding and insurance requirements of 24 2 CFR 84.31 200.304 and 84.48, Bonding and Insurance2 CFR 200.310.

Appears in 3 contracts

Samples: Subrecipient Agreement, Subrecipient Agreement, Subrecipient Agreement

Insurance and Bonding. The Subrecipient shall carry sufficient insurance coverage to protect Agreement Subrecipient Contract assets from loss due to theft, fraud and/or undue physical damage, and as a minimum shall purchase a blanket fidelity bond covering all employees in an amount equal to cash advances from the City/Grantee. The Subrecipient shall comply with the bonding and insurance requirements of 24 2 CFR 84.31 200, as now in effect and 84.48, Bonding and Insuranceas may be amended from time to time.

Appears in 2 contracts

Samples: Subrecipient Contract, Subrecipient Contract

Insurance and Bonding. The Subrecipient shall carry sufficient insurance coverage to protect Agreement contract assets from loss due to theft, fraud and/or undue physical damage, and as a minimum shall purchase a blanket fidelity bond covering all employees in an amount equal to cash advances from the City/Grantee. The Subrecipient shall comply with the bonding and insurance requirements of 24 CFR 84.31 and 84.4885, Bonding and Insurance.

Appears in 1 contract

Samples: Subrecipient Agreement

Insurance and Bonding. The Subrecipient shall carry sufficient insurance coverage to protect Agreement Subrecipient Contract assets from loss due to theft, fraud and/or undue physical damage, and as a minimum shall purchase a blanket fidelity bond covering all employees in an amount equal to cash advances from the City/Grantee. The Subrecipient shall comply provide proof of compliance with the bonding and insurance requirements of 24 2 CFR 84.31 200, as now in effect and 84.48as may be amended from time to time, Bonding and Insuranceprior to City/Grantee paying draw requests.

Appears in 1 contract

Samples: Subrecipient Contract

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Insurance and Bonding. The Subrecipient shall carry sufficient insurance coverage to protect Agreement assets from loss due to theft, fraud and/or undue physical damage, and as a minimum shall purchase a blanket fidelity bond covering all employees in an amount equal to cash advances from the City/Grantee. The Subrecipient shall comply with the bonding and insurance requirements of 24 2 CFR 84.31 200, as now in effect and 84.48, Bonding and Insuranceas may be amended from time to time.

Appears in 1 contract

Samples: Subrecipient Contract

Insurance and Bonding. The Subrecipient shall carry sufficient insurance coverage to protect Agreement contract assets from loss due to theft, fraud and/or undue physical damage, and as a minimum shall purchase a blanket fidelity bond covering all employees in an amount equal to the total cash advances from the City/Grantee. The Subrecipient shall comply with the bonding and insurance requirements of 24 CFR 84.31 and 84.48, Bonding and Insurance.

Appears in 1 contract

Samples: Subrecipient Contract

Insurance and Bonding. The Subrecipient shall carry sufficient insurance coverage to protect Agreement Contract assets from loss due to theft, fraud and/or undue physical damage, and as a minimum minimum, shall purchase a blanket fidelity bond covering all of Subrecipient’s employees in an amount equal to cash advances from the City/Grantee. The Specifically, the Subrecipient shall comply with will protect the bonding City’s investment by providing Property Insurance, Workers Compensation and insurance requirements of 24 CFR 84.31 Employer’s Liability Insurance, if applicable, Commercial General Liability Insurance and 84.48, Bonding and All Risk Property Damage Insurance.

Appears in 1 contract

Samples: Recipient Contract for Community Development Block Grant Funding or Home Investment Partnership Funding

Insurance and Bonding. The Subrecipient shall carry sufficient insurance coverage to protect Agreement Subrecipient Contract assets from loss due to theft, fraud and/or undue physical damage, and as at a minimum shall purchase a blanket fidelity bond covering all employees in an amount equal to cash advances from the City/Grantee. The Subrecipient shall comply with the bonding and insurance requirements of 24 2 CFR 84.31 200, as now in effect and 84.48, Bonding and Insuranceas may be amended from time to time.

Appears in 1 contract

Samples: Subrecipient Contract

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