Common use of Responsibility of Academy Clause in Contracts

Responsibility of Academy. The Administration agrees to use its best efforts with the insurance broker to notify the Academy’s point of contact for insurance matters of any material change in the policy as well as any material change in the Academy’s responsibilities under the insurance policy for the Training Vessel when the Academy has custody of the Training Ship. However, the foregoing shall not absolve the Academy from determining and complying with its duties under the policy by reviewing the Certificate of Entry, the Club rules, and the provisions of the insurance policy.

Responsibility of Academy. The Administration agrees to use its best efforts with the insurance broker to notify the Academy’s point of contact for insurance matters of any material change in the policy as well as any material change in the Academy’s responsibilities under the insurance policy for the Training Vessel Ship when the Academy has custody of the Training Ship. However, the foregoing shall not absolve the Academy from determining and complying with its duties under the policy by reviewing the Certificate of Entry, the Club club rules, and the provisions of the insurance policy.