Insurance Premiums and Deductibles Sample Clauses

Insurance Premiums and Deductibles. The Design Professional shall pay the insurance premiums. If additional insurance coverage is required, an amendment to this Contract shall be executed and the additional cost of the insurance shall be paid by the Owner as a reimbursable cost. All deductibles shall be paid by the Design Professional.

Insurance Premiums and Deductibles. The Design Professional shall pay the insurance premiums All deductibles shall be paid by the Design Professional.

Insurance Premiums and Deductibles. The Consultant shall pay the insurance premiums and shall be responsible for payment of all deductibles and self-insured retention.

Insurance Premiums and Deductibles. The Contractor shall pay the insurance premiums and shall be responsible for payment of all deductibles and self-insured retention.

Insurance Premiums and Deductibles. The Consultant shall pay the insurance premiums. If additional insurance coverage is required, an amendment to this Contract shall be executed and the additional cost of the insurance shall be paid by the District as a reimbursable cost. All deductibles shall be paid by the Consultant.

Insurance Premiums and Deductibles. The Construction Agent shall be permitted to submit Requisitions for reimbursement of amounts expended by the Construction Agent for insurance premiums and deductibles for the insurance policies required pursuant to this Agreement. Such Requisitions shall be eligible for funding in accordance with the conditions precedent described in Sections 5.3 and 5.4 of the Participation Agreement.

Insurance Premiums and Deductibles. Owner will pay that portion of premiums for Design-Builder’s payment and performance bonds required pursuant to Tex. Gov’t. Code §2253 and insurance required by the Agreement and specified in Exhibit B of the Agreement, that are attributable to this Project. Design-Builder’s premium for Builder’s Risk Insurance shall be charged as a Cost of the Work based on the initial Guaranteed Maximum Price and duration. Insurance deductibles and premiums for subcontractor bonds or subcontractor default insurance are NOT reimbursable as a General Conditions Cost or Cost of the Work.

Insurance Premiums and Deductibles. 16 12.5 Termination of Obligation to Insure 16 12.6 Failure of Insurers 16 00. Additional Consultant Responsibilities and Representations 17 13.1 Licenses 17 19.5 Compliance with Contract 22 24. Cooperation, Transition of Work, and End of Contract Responsibilities 23 24.1 Cooperation 23 27.3 Time of the Essence; Force Majeure 24 27.4 Non-disparagement 24 27.6 Federal Intellectual Property Bankruptcy Protection Act 24 27.7 Governing Law and Venue 24 THIS CONTRACT is made and entered into as of the day of 2021 (“Effective Date”), by and between the STATE ROAD AND TOLLWAY AUTHORITY, a body corporate and politic and an instrumentality and public corporation of the State of Georgia (“SRTA”), and . a corporation authorized to do business in the state of Georgia (the “Consultant”). SRTA and Consultant may be referred to individually, as “Party” or collectively, as “Parties.”

Insurance Premiums and Deductibles. Owner will pay that portion of premiums for Construction Manager's payment and performance bonds required pursuant to Tex. Gov't. Code § 2253 and insurance required by this Agreement and specified in Exhibit B, that are attributable to this Project. Construction Manager's premium for Builder's Risk Insurance shall be charged as a Cost of the Work based on the Initial Guaranteed Maximum Price and duration. Insurance deductibles and premiums for Subcontractor bonds or Subcontractor default insurance are NOT reimbursable as a General Conditions Cost or Cost of the Work. § 7.6.1.1 No charges for self-insurance will be considered as a reimbursable cost under the terms of this Agreement unless the arrangements for self-insurance are first disclosed in writing to Owner and approved by Owner along with a proposed methodology for determining a fair and equitable portion of the actual cost of the self-insurance out-of-pocket costs incurred to settle claims related to Work performed in this Project. In no event shall the charges for self-insurance costs exceed the comparable costs of purchasing conventional insurance at conventional net or modified rates of similar volumes of Work performed under similar conditions.

Insurance Premiums and Deductibles. Subject to the prior approval of Landlord prior to any payment by Construction Agent, Construction Agent shall be permitted to submit requisitions for reimbursement from the Escrow Funds of all amounts expended by Construction Agent or General Contractor for insurance premiums and deductibles for the insurance policies required pursuant to this Agreement. Landlord shall deliver written authorization to Escrow Agent to disburse all such amounts to Construction Agent within ten (10) days of Landlord’s receipt of such requisition and supporting documentation.