Remedy for failure to insure. If the Concessionaire shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, the Authority shall have the option to either keep in force any such insurances, and pay such premia and recover the costs thereof from the Concessionaire, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the Concessionaire.
Remedy for failure to insure. If the Contractor shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, the Authority shall have the option to either keep in force any such insurances, and pay such premia and recover the costs thereof from the Contractor, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the Contractor.
Remedy for failure to insure. 22.4.1 If the Concessionaire shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, Maha-Metro shall have the option to either keep in force any such insurances, and pay such premia and recover the costs , at actuals, thereof from the Concessionaire, or in the event of computation of a Termination Payment, deduct the amount so paid for insurance on behalf of the Concessionaire.
Remedy for failure to insure. If the Contractor shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, the Authority shall have the option to either keep in force any such insurances, and pay such premia and recover the costs thereof from the Contractor, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the Contractor.If either the Contractor or the Authority fails to comply with any condition of the the insurances effected under the contract, the Party so failing to comply shall indemnify the other Party against all direct losses and claims (including legal fees and expenses) arising from such failure.
Remedy for failure to insure. If the Supplier [and/or the Developer if Supplier is a Trading Licensee] shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, the Utility shall have the option to either keep in force any such insurances, and pay such premium and recover the costs thereof from the Supplier, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the Supplier [and/or the Developer if Supplier is a Trading Licensee].
Remedy for failure to insure. If the Concessionaire shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, MOR shall have the option to either keep in force any such insurances, and pay such premia and recover the costs thereof from the Concessionaire, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the Concessionaire.
Remedy for failure to insure. If Seller shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, CEB shall keep in force any such insurances, and pay such premia and recover the costs thereof from Seller.
Remedy for failure to insure. If the SPD shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, Railways shall have the option to either keep in force any such insurances, and pay such premia and recover the costs thereof from the SPD, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the SPD.
Remedy for failure to insure. If the Supplier shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, the Aggregator shall have the option to either keep in force any such insurances, and pay such premia and recover the costs thereof from the Supplier, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the Supplier.
Remedy for failure to insure. If the Concessionaire shall fail to effect and keep in force all insurances for which it is responsible pursuant hereto, the Lead ULB shall have the option to either keep in force any such insurances, and pay such premium and recover the costs thereof from the Concessionaire, or in the event of computation of a Termination Payment, treat an amount equal to the Insurance Cover as deemed to have been received by the Concessionaire.
