No Liability Assumed by the Airport Authority Sample Clauses

No Liability Assumed by the Airport Authority. It is further understood and agreed that the purchasing of insurance by the Contractor or the Airport Authority, as the case may be, or the review, approval or acceptance by the Airport Authority of the policies of insurance required by the Contract Documents, or any certificates thereof, or any failure on the part of the Airport Authority to request policies of insurance, shall not relieve the Contractor from its obligations to comply with, nor otherwise alter or affect the liability assumed by the Contractor in, the Contract Documents. Further, the Airport Authority shall have no duty to examine such policies or certificates or to notify the Contractor if the insurance reflected in such policies or certificates is not in compliance with the Contract Documents, nor shall the Airport Authority be liable for any error or omission or other matter concerning any Party’s insurance coverage, or any insurance requirements contained herein. Should the Contractor at any time neglect or refuse to provide the insurance required pursuant to the Contract Documents, or should such insurance expire, be altered, changed or canceled and not replaced in accordance with the Contract Documents, the Airport Authority may, at its option, and without limitation of the other rights and remedies of the Airport Authority under the Contract Documents, (i) declare a default under the Contract Documents and exercise the remedies provided in the Contract Documents, and (ii) take all actions necessary to purchase or maintain insurance covering the risks intended to be covered by such required insurance and deduct all costs incurred by the Airport Authority in placing and maintaining, or attempting to place or maintain, such replacement insurance from amounts otherwise due to the Contractor under the Contract Documents or any other contract or agreement between the Airport Authority and the Contractor.
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Related to No Liability Assumed by the Airport Authority

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