Common use of Waiver of recourse Clause in Contracts

Waiver of recourse. The Contractor shall, to the extent that any of its property is required under this Agreement to be insured against, waive any right of recourse against the Province in regard to any loss or damage to such property, and shall make its insurer(s) aware of such waiver.

Appears in 6 contracts

Samples: Agreement to Design and Build, Design, Build, Finance and Operate Agreement, Dbfo Agreement

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Waiver of recourse. The Contractor shall, to the extent that any of its property is required under this Agreement to be insured against, waive any right of recourse against the Province Province, the School Boards and the Municipalities in regard to any loss or damage to such property, and shall make its insurer(s) aware of such waiver.

Appears in 1 contract

Samples: Design, Build, Finance and Maintain Agreement

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Waiver of recourse. β€Œ The Contractor shall, to the extent that any of its property is required under this Agreement to be insured against, waive any right of recourse against the Province in regard to any loss or damage to such propertyproperty to the extent of the proceeds actually recovered from such insurance, and shall make its insurer(s) aware of such waiver.

Appears in 1 contract

Samples: Design, Build, Finance and Operate Agreement

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