Owner's Right to Procure Replacement Insurance Sample Clauses

Owner's Right to Procure Replacement Insurance. If after the inception of this Contract the Design Professional fails to fully comply with the insurance requirements of this Contract, in addition to and not in lieu of any other remedy available to the Owner provided by this Contract, the Owner may, at its sole discretion, procure and maintain on behalf of the Design Professional, insurance which provides, in whole or in part, the required insurance.
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Owner's Right to Procure Replacement Insurance. If, after the inception of the Contract, the Consultant or any of its contractors, subcontractors, suppliers, consultants, or subconsultants fail to fully comply with the insurance requirements of the contract, in addition to and not in lieu of any other remedy available to the Owner provided by the contract, the Owner may, at its sole discretion, procure and maintain on behalf of the Consultant insurance which provides, in whole or in part, the required insurance coverage.

Related to Owner's Right to Procure Replacement Insurance

  • Builder’s Risk Insurance Contractor shall provide a Builder’s Risk Policy to be made payable to the Owner and Contractor, as their interests may appear. The policy amount should be equal to 100% of the Contract Sum, written on a Builder’s Risk “All Risk”, or its equivalent. The policy shall be endorsed as follows: The following may occur without diminishing, changing, altering or otherwise affecting the coverage and protection afforded the insured under this policy:

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