Common use of Satisfying an SIR Clause in Contracts

Satisfying an SIR. All insurance required by this Agreement and any required by the terms specific to the relevant Approved Project must allow the Department to pay and/or act as the Subrecipient’s, Developer’s, or Contractor’s agent in satisfying any self-insured retention (SIR). The choice to pay and/or act as the Subrecipient’s, Developer’s, or Contractor’s agent in satisfying any SIR is at the Department’s discretion.

Satisfying an SIR. All insurance required by this Agreement and any required by the terms specific to the relevant Approved Project must allow the Department to pay and/or act as the Subrecipient’s, Developer’s, or Contractor’s agent in satisfying any self-insured retention (SIR). The choice to pay and/or act as the Subrecipient’s, DeveloperXxxxxxxxx’s, or Contractor’s agent in satisfying any SIR is at the Department’s discretion.