Common use of Loss Adjustment Clause in Contracts

Loss Adjustment. Any insured loss is to be adjusted with the Contractor and made payable jointly to the University and the Contractor. The Contractor shall cooperate with the University in a determination of the actual cash value or replacement value of any insured loss. Any deductible amount shall be the responsibility of the Contractor.

Appears in 3 contracts

Samples: Contract for Construction Management Services, Contract for Construction Management Services, Construction Services Agreement

AutoNDA by SimpleDocs

Loss Adjustment. Any insured loss is to be adjusted with the Contractor University and made payable jointly to the University and the Contractor. The Contractor shall cooperate with the University in a determination of the actual cash value or replacement value of any insured loss. Any deductible amount shall be the responsibility of the ContractorContractor to resolve.

Appears in 1 contract

Samples: Construction Services Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!