Common use of Owner Controlled Clause in Contracts

Owner Controlled. Insurance Program for Commercial General Liability insurance with a limit of at least [***] per occurrence and in the aggregate for bodily injury and property damage at the Job Site. Such coverage shall name Owner, the Lenders, Contractor and Subcontractor as insureds with a waiver of subrogation in favor of any insured and shall include a severability of interest and cross liability provision. Coverage may be arranged in combination of primary and excess coverage. The deductible shall be for Owner’s account. Owner’s procurement and provision of this insurance shall in no way relieve Contractor or any Subcontractor of any responsibility or liability under this Agreement, any applicable law, statute, regulation or order.

Appears in 5 contracts

Samples: Engineering, Procurement and Construction Agreement (Venture Global, Inc.), Engineering, Procurement and Construction Agreement (Venture Global, Inc.), Engineering, Procurement and Construction Agreement (Venture Global, Inc.)

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