Remedies for Defaults Re. Insurance 9 6.2 Indemnification 9 Section 7. Enforcement of Agreement. 9
7.1 Events of Default 9 7.2 Immediate Termination for Vendor’s Default 10 7.3 Termination Without Cause 10
Remedies for Defaults Re. Insurance. In addition to any other remedies City may have if the Vendor fails to provide or maintain any insurance policies or policy endorsements to the extent and within the time herein required, City may, at its sole option:
(a) Obtain such insurance and deduct and retain the amount of the premium for such insurance from any sums due under this Agreement;
(b) Order the Vendor to stop work under this Agreement and/or withhold any payment(s) which become due to the Vendor hereunder until the Vendor demonstrates compliance with the requirements hereof;
(c) Terminate this Agreement. Exercise of any of the above remedies, however, is an alternative to other remedies City may have and is not the exclusive remedy for the Vendor’s failure to maintain insurance or secure appropriate endorsements. Nothing herein contained shall be construed as limiting in any way the extent to which the Vendor may be held responsible for payment of damages to persons or property resulting from the Vendor’s or its subcontractor's performance of Vendor’s Services under this Agreement.
Remedies for Defaults Re. Insurance. 6
Remedies for Defaults Re. Insurance. In addition to any other remedies Agency may have if Developer fails to provide or maintain any insurance policies or policy endorsements to the extent and within the time herein required, Agency may, at its sole option, after five (5) business days Notice to Developer:
(A) Obtain such insurance and charge Developer the amount of the premium for such insurance, in which event Developer shall promptly remit such sum to Agency;
(B) Withhold any payment’s which become due to Developer hereunder until Developer demonstrates compliance with the requirements hereof;
(C) Declare Developer in Default;
(D) Terminate this Agreement.
Remedies for Defaults Re. Insurance. In addition to any other remedies Agency may have if the Consultant fails to provide or maintain any insurance policies or policy endorsements to the extent and within the time herein required, Agency may, at its sole option:
(a) Obtain such insurance and deduct and retain the amount of the premium for such insurance from any sums due under this Agreement;
(b) Order the Consultant to stop work under this Agreement and/or withhold any payment(s) which become due to the Consultant hereunder until the Consultant demonstrates compliance with the requirements hereof;
(c) Terminate this Agreement. Exercise of any of the above remedies, however, is an alternative to other remedies Agency may have and is not the exclusive remedy for the Consultant’s failure to maintain insurance or secure appropriate endorsements. Nothing herein contained shall be construed as limiting in any way the extent to which the Consultant may be held responsible for payment of damages to persons or property resulting from the Consultant’s or its subcontractor's performance of the work covered under this Agreement.
Remedies for Defaults Re. Insurance. 6
6.2 Indemnification 7
7.1 Events of Default 7 7.2 Immediate Termination for Consultant’s Default. 8 7.3 Termination Without Cause 8
Remedies for Defaults Re. Insurance. 62 601.9 Obligation to Repair and Restore Damage Due to Casualty Covered by Insurance 63 601.10 No Obligation to Repair and Restore Damage Due to Casualty Not Covered by Insurance. 63 602. Indemnification 64 700. DEFAULTS AND REMEDIES 64 701. Default Remedies 64 702. Institution of Legal Actions 64 703. Termination by Developer Prior to Conveyance. 64 704. Termination by Agency Prior to Conveyance 65 705. Reentry and Revesting of Title to Site After Closing and Prior to Issuance of Release of Construction Covenants 65 706. Acceptance of Service of Process 67 707. Rights and Remedies Are Cumulative 67 708. Inaction Not a Waiver of Default 67 709. Applicable Law 67 800. TRANSFERS AND ASSIGNMENTS OF INTEREST IN PROPERTY OR AGREEMENT. 68 801. General Prohibition Against Developers Transfers and Assignments 68 802. Permitted Transfers by Developer. 68 803. Agency Consideration of Requested Transfer. 68 803.1 Notice; Consideration of Transfer 68 803.2 Agency Discretion 69 804. Assignment by Agency. 69 805. Successors and Assigns 69 900. GENERAL PROVISIONS 69 901. Notices, Demands and Communications Between the Parties 69 902. Enforced Delay; Extension of Times of Performance. 70 903. Relationship Between Agency and Developer. 71 904. No Third Party Rights 71 905. Agency Approvals and Actions 71 906. Counterparts 71 907. Integration 71 908. Real Estate Brokerage Commission 72 909. Attorney’s Fees 72 910. Titles and Captions 72 911. Interpretation 72 912. No Waiver 72 913. Modifications 72 914. Severability. 72 915. Computation of Time 72 916. Legal Advice. 73 917. Time of Essence. 73 918. Cooperation 73 919. Conflicts of Interest 73 920. Non-Liability of Officials and Employees of Agency. 73 921. Time for Acceptance of Agreement by Agency. 74 Attachment No. 1 Map
Remedies for Defaults Re. Insurance. In addition to any other remedies the City may have if Chamber fails to provide or maintain any insurance policies or policy endorsements to the extent and within the time herein required, the City may, at its sole option:
(a) Order Chamber to stop work under this Agreement and/or withhold any payment(s) which become due to Chamber hereunder until Chamber demonstrates compliance with the requirements hereof;
(b) Terminate this Agreement. Exercise of any of the above remedies, however, is an alternative to other remedies The City may have and is not the exclusive remedy for Chamber's failure to maintain insurance or secure appropriate endorsements. Nothing herein contained shall be construed as limiting in any way the extent to which Chamber may be held responsible for payment of damages to persons or property resulting from Chamber's or its subcontractor's performance of the work covered under this Agreement.
Remedies for Defaults Re. Insurance. In addition to any other remedies Housing Authority may have if Developer fails to provide or maintain any insurance policies or policy endorsements to the extent and within the time herein required, Housing Authority may, at its sole option, after ten (10) business days Notice to Developer:
(A) Obtain such insurance and charge Developer the amount of the premium for such insurance, in which event Developer shall promptly remit such sum to Housing Authority;
(B) Withhold any payment(s) which become due to Developer hereunder until Developer demonstrates compliance with the requirements hereof;
(C) Declare Developer in Default;
(D) Terminate this Agreement.