Common use of Remedies against Contractor’s Failure to Insure Clause in Contracts

Remedies against Contractor’s Failure to Insure. If the Contractor fails to effect and keep in force any of the insurances required under the Contract, including failure to insure for the appropriate amount, or fails to provide certificates of insurance to UNIDO in accordance with paragraph 6.03 above, then and in any such case UNIDO may, at its option, hold the Contractor in default in accordance with paragraph 7.06 herein below, or effect and keep in force any such insurance and pay any premium as may be necessary for that purpose and from time to time deduct the amount so paid from any monies due to the Contractor, or recover the same as a debt due from the Contractor.

Remedies against Contractor’s Failure to Insure. If the Contractor fails to effect and keep in force any of the insurances required under the Contract, including failure to insure for the appropriate amount, or fails to provide certificates of insurance to UNIDO in accordance with paragraph 6.03 9.03 above, then and in any such case UNIDO may, at its option, hold the Contractor in default in accordance with paragraph 7.06 herein below10.11 hereinbelow, or effect and keep in force any such insurance certificates and pay any premium as may be necessary for that purpose and from time to time deduct the amount so paid from any monies due to the Contractor, or recover the same as a debt due from the Contractor.

Remedies against Contractor’s Failure to Insure. If the Contractor fails to effect and keep in force any of the insurances required under the Contract, including failure to insure for the appropriate amount, or fails to provide certificates certificate of insurance to UNIDO in accordance with paragraph 6.03 6.01 above, then and in any such case UNIDO may, at its option, hold the Contractor in default in accordance with paragraph 7.06 herein below7.05 hereinbelow, or effect and keep in force any such insurance certificates and pay any premium as may be necessary for that purpose and from time to time deduct the amount so paid from any monies due to the Contractor, or recover the same as a debt due from the Contractor.

Remedies against Contractor’s Failure to Insure. If the Contractor fails to effect and keep in force any of the insurances required under the Contract, including failure to insure for the appropriate amount, or fails to provide certificates of insurance to UNIDO in accordance with paragraph 6.03 9.03 above, then and in any such case UNIDO may, at its option, hold the Contractor in default in accordance with paragraph 7.06 10.06 herein below, or effect and keep in force any such insurance and pay any premium as may be necessary for that purpose and from time to time deduct the amount so paid from any monies due to the Contractor, or recover the same as a debt due from the Contractor.