Common use of Insurance to be Kept in Effect Clause in Contracts

Insurance to be Kept in Effect. The Contractor shall not cause or allow any of the insurance required by this Agreement to lapse or be canceled during the term of the Agreement or as otherwise required by the Agreement. If the Contractor fails to obtain, maintain, or renew any insurance required by the Agreement, the Owner may obtain replacement insurance coverage directly and recover the cost of that insurance from the Contractor.

Insurance to be Kept in Effect. The Contractor shall not cause or allow any of the insurance required by this Agreement to lapse or be canceled during the term of the Agreement or as otherwise required by the Agreement. If the Contractor fails to obtain, maintain, maintain or renew any insurance required by the Agreement, the Owner may obtain replacement insurance coverage directly and recover the cost of that insurance from the Contractor.