Common use of Insurance Policy to Cover Future Response Actions Clause in Contracts

Insurance Policy to Cover Future Response Actions. The Environmental Trustee may investigate the possible purchase of one or more insurance policies to cover future Environmental Actions and general liability at the DPH Sites and may make recommendations to the Beneficiary regarding such insurance. If, and only if, the Lead and Non-Lead Agency jointly authorize the Environmental Trustee in writing to purchase such insurance, shall the Environmental Trustee use Environmental Trust Assets to purchase such insurance.

Insurance Policy to Cover Future Response Actions. The Environmental Response Trustee may investigate the possible purchase of one or more insurance policies to cover future Environmental Actions and general liability at the DPH Sites Environmental Response Trust Owned Properties and may make recommendations to the Beneficiary Environmental Response Trust Owned Property Beneficiaries regarding such insurance. If, and only if, the Lead and Non-Lead Agency for an Environmental Response Trust Owned Property jointly authorize the Environmental Response Trustee in writing to purchase such insurance, shall the Environmental Response Trustee use Environmental Trust Assets to purchase such insurance.