Priority of Owner’s Claims. The principal purpose of the stipulations for insurance in GC 11.1.1 is the protection of the interest of the Owner and the Lender. GC 11. 1.1 stipulates that the Contractor, rather than the Owner, shall provide and maintain insurance as set out therein.
Appears in 4 contracts
Samples: Guaranteed Price Contract, Guaranteed Price Contract, Guaranteed Price Contract
Priority of Owner’s Claims. The principal purpose of the stipulations for insurance in GC 11.1.1 is the protection of the interest of the Owner and the Lender. GC 11.
1.1 stipulates that the Contractor, rather than the Owner, shall provide and maintain insurance as set out therein.
Appears in 1 contract
Samples: Guaranteed Price Contract
Priority of Owner’s Claims. The principal purpose of the stipulations for insurance in GC 11.1.1 is the protection of the interest of the Owner and the LenderTrustee. GC 11.
1.1 stipulates that the Contractor, rather than the Owner, shall provide and maintain insurance as set out therein.
Appears in 1 contract
Samples: Guaranteed Price Contract
