Common use of Renewal Policies Clause in Contracts

Renewal Policies. TSP shall promptly deliver to the Joint Board a certificate of insurance and copies of all endorsements with respect to each renewal policy, as necessary to demonstrate the maintenance of the required insurance coverages for the terms specified herein. Such evidence of insurance shall be delivered not less than 5 days prior to the expiration date of any policy. If requested by the Joint Board from time to time, certified duplicate copies of the renewal policy shall also be provided. To the extent TSP is unable to deliver such evidence of insurance by the specified date through no fault of the TSP and despite making its best efforts and provided that such certificate is delivered prior to the expiration date of the relevant policy, TSP will not be deemed to be in default of this Section for the purposes of Section 16. However, in the event that TSP is unable to deliver such evidence of insurance as provided for in this Section 9.2.2.2, TSP shall provide some other form of evidence of coverage prior to expiration of the current policy. Such evidence may include a binder of insurance or other form of written confirmation signed by TSP’s insurance broker or insurer representative indicating that such coverage has been bound. The required evidence of insurance shall be provided as soon as it is available but in no case later than 3 days after the renewal policies have expired.

Renewal Policies. TSP shall promptly deliver to the Joint Board a certificate of insurance and copies of all endorsements with respect to each renewal policy, as necessary to demonstrate the maintenance of the required insurance coverages for the terms specified herein. Such evidence of insurance shall be delivered not less than 5 days prior to the expiration date of any policy. If requested by the Joint Board from time to time, certified duplicate copies of the renewal policy shall also be provided. To the extent TSP is unable to deliver such evidence of insurance by the specified date through no fault of the TSP and despite making its best efforts and provided that such certificate is delivered prior to the expiration date of the relevant Indiana Finance Authority/Joint Board 77. Toll Services Agreement LSIORB Toll Services Project Execution Version policy, TSP will not be deemed to be in default of this Section for the purposes of Section 16. However, in the event that TSP is unable to deliver such evidence of insurance as provided for in this Section 9.2.2.2, TSP shall provide some other form of evidence of coverage prior to expiration of the current policy. Such evidence may include a binder of insurance or other form of written confirmation signed by TSP’s insurance broker or insurer representative indicating that such coverage has been bound. The required evidence of insurance shall be provided as soon as it is available but in no case later than 3 days after the renewal policies have expired.