Common use of Insured Retentions Clause in Contracts

Insured Retentions. Self-insured retentions must be declared to and approved by the City. The City may require the Contractor to purchase coverage with a lower retention or provide proof of ability to pay losses and related investigations, claim administration, and defense expenses within the retention. The policy language shall provide, or be endorsed to provide, that the self- insured retention may be satisfied by either the named insured or City.

Appears in 2 contracts

Samples: Professional Services, Professional Services Agreement

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Insured Retentions. Self-insured retentions must be declared to and approved by the City. The City may require the Contractor to purchase coverage with a lower retention or provide proof of ability to pay losses and related investigations, claim administration, and defense expenses within the retention. The policy language shall provide, or be endorsed to provide, that the self- insured retention may be satisfied by either the named insured or City.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

Insured Retentions. Self-insured retentions must be declared to and approved by the City. The City may require At the option of the City, either: the Contractor shall cause the insurer shall to purchase coverage with reduce or eliminate such self-insured retentions as respects the City, its officers, officials, employees, and volunteers; or the Contractor shall provide a lower retention or provide proof financial guarantee satisfactory to the City guaranteeing payment of ability to pay losses and related investigations, claim administration, and defense expenses within the retentionexpenses. The policy language shall provide, or be endorsed to provide, that the self- self-insured retention may be satisfied by either the named insured or City.

Appears in 2 contracts

Samples: Services Agreement, Services Agreement

Insured Retentions. Self-insured retentions must be declared to and approved by the City. The City may require the Contractor SUB- RECIPIENT to purchase coverage with a lower retention or provide proof of ability to pay losses and related investigations, claim administration, and defense expenses within the retention. The policy language shall provide, or be endorsed to provide, that the self- insured retention may be satisfied by either the named insured or City.

Appears in 1 contract

Samples: Indemnification & Liability

Insured Retentions. Self-insured retentions must be declared to and approved by the City. The At the option of the City, Agency shall provide coverage to reduce or eliminate such self-insured retentions as respects the City, its officers, officials, employees, and volunteers; or Agency shall provide evidence satisfactory to the City may require the Contractor to purchase coverage with a lower retention or provide proof guaranteeing payment of ability to pay losses and related investigations, claim administration, and defense expenses within the retentionexpenses. The policy language shall provide, or be endorsed to provide, that the self- self-insured retention may be satisfied by either the named insured or City.

Appears in 1 contract

Samples: Operation, Maintenance, Engineering, and Water Quality Monitoring Services Agreement

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Insured Retentions. Self-insured retentions must be declared to and approved by the City. The City may require the Contractor Developer to purchase coverage with a lower retention or provide proof of ability to pay losses and related investigations, claim administration, and defense expenses within the retention. The policy language shall provide, or be endorsed to provide, that the self- self-insured retention may be satisfied by either the named insured or City.

Appears in 1 contract

Samples: Predevelopment Agreement

Insured Retentions. Self-insured retentions must be declared by Consultant to and approved by the City. The At the option of the City, Consultant shall provide coverage to reduce or eliminate such self-insured retentions as respects the City, its officers, officials, employees, and volunteers; or the consultant shall provide evidence satisfactory to the City may require the Contractor to purchase coverage with a lower retention or provide proof guaranteeing payment of ability to pay losses and related investigations, claim administrationadministrations, and defense expenses within the retentionexpenses. The policy language shall provide, or be endorsed to provide, that the self- self-insured retention may be satisfied by either the named insured or City.

Appears in 1 contract

Samples: Professional Services Agreement

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