Remedy on Failure to Insure. If Contractor shall fail to obtain and keep in force the Contractor Insurance Policies, Owner shall notify Contractor and without limiting any other remedy it may have, may obtain and keep in force any such insurance and pay such premium or premiums as may be necessary for that purpose and recover from Contractor whether by way of deduction, offset or otherwise the cost of obtaining and maintaining such insurance.
Remedy on Failure to Insure. If the Developer shall fail to effect and keep in force the insurance for which it is responsible pursuant hereto, BSHB shall have the option to keep in force any such insurance, and pay such premium and recover the costs thereof together with penal interest @ 18% per annum thereon from the Developer, or for the purposes of computation of payments to the Developer, treat the insurance cover i.e. the maximum sums, which such insurance was providing for had it been in force and effect as being deemed to have been received by the Developer. Notwithstanding above, failure of the Developer to effect and keep in force the insurance for which it is responsible pursuant hereto, at any time, shall be a Developer Event of Default.
Remedy on Failure to Insure. If the Contractor shall fail to effect and keep in force the insurance for which it is responsible in accordance with Clause 47, the Purchaser may obtain and keep in force any such insurance and pay the premiums thereon as may be necessary for that purpose, and the Contractor shall upon demand reimburse the actual cost of effecting such insurance cover to the Purchaser, failing which the Purchaser shall be entitled to deduct such costs from the Contract Price.
Remedy on Failure to Insure. If Contractor shall fail to effect and keep in force the insurances for which it is responsible, Client may, upon the expiration of at least thirty (30) days after written notice of such failure has been received by Contractor, effect and keep in force any such insurance, and pay such premiums as may be necessary for that purpose, and from time to time deduct the amount so paid by Client from any amounts due or which may become due to Contractor under the Agreement.
Remedy on Failure to Insure. If Contractor fails to effect and keep in force the Insurance for which it is responsible under the Contract, OWNER/PROJECT MANAGER may effect and keep in force any such Insurance, and pay such premiums as may be necessary for that purpose, and from time to time, after issuance of a reimbursement request thereof accompanied by relevant supporting documentation, deduct the amount so paid by OWNER/PROJECT MANAGER from any amounts due or which may become due to the Contractor under the Contract.
Remedy on Failure to Insure. If the MEP Participants shall fail to effect and keep in force the insurances for which they are responsible, the Turnkey Contractor shall be entitled to a Scope Change to enable it to require and pay for the insurance coverages designated herein as being the responsibility of the MEP Participants.
Remedy on Failure to Insure. If the Concessionaire fails to effect and keep in force the insurance for which it is responsible pursuant hereto, the Authority shall have the option to keep in force any such insurance, and pay such premia and recover the costs thereof from the Concessionaire, or for the purposes of computation of payments to the Concessionaire pursuant to Article 20 treat the insurance cover i.e. the maximum sums which such insurance was providing for had it been in force and effect as being deemed to have been received by the Concessionaire.
Remedy on Failure to Insure. If Contractor shall fail to obtain and keep in force Contractor Insurance Policies, FPL may, without limiting any other remedy it may have, obtain and keep in force any such insurance and pay such premium or premiums as may be necessary for that purpose and recover from Contractor whether by way of deduction, offset or otherwise the cost of obtaining and maintaining such insurance.
Remedy on Failure to Insure. 6.3.1 If the Developer shall fail to effect and keep in force the insurance for which it is responsible pursuant hereto, BSHB shall have the option to keep in force any such insurance, and pay such premia and recover the costs thereof from the Developer, or for the purposes of computation of payments to the Developer treat the insurance cover i.e. the maximum sums which such insurance was providing for had it been in force and effect as being deemed to have been received by the Developer.
Remedy on Failure to Insure. If Contractor shall fail to effect and keep in force the insurance for which it is responsible, or demonstrate to Owner that it has complied in all respects with the requirements of this Article 14, Owner may effect and keep in force any such insurance, and pay such premiums as may be necessary for that purpose, and from time to time deduct the amount so paid by Owner from any amounts due or which may become due under this Contract.
