Subcontractor Default Insurance definition

Subcontractor Default Insurance means the insurance policies covering subcontractors (other than A▇▇▇▇▇▇▇ S▇▇▇▇ & Tile) under the Construction Contract that is provided by Zurich Insurance Company, or such other provider that Lender may approve (which approval shall not be unreasonably withheld, conditioned or delayed) from time to time, satisfying the requirements of Section 5.1(d).
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Subcontractor Default Insurance means a contractor default insurance (CDI) policy insuring against the default of some or all of the Subcontractors.
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Subcontractor Default Insurance means the insurance policies covering subcontractors (other than Amendola Stone & Tile) under the Construction Contract that is provided by Zurich Insurance Company, or such other provider that Lender may approve (which approval shall not be unreasonably withheld, conditioned or delayed) from time to time, satisfying the requirements of Section 5.1(d).
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Examples of Subcontractor Default Insurance in a sentence

  • Owner will not pay for amounts that may represent a deductible in any insurance policy including a Subcontractor Default Insurance policy (i.e. Subguard).

  • Premiums for Subcontractor Default Insurance for either full or partial amounts of the coverages required by the Contract Documents, with the Owner’s approval.

  • Use of Contractor Controlled Insurance Program (CCIP) or Subcontractor Default Insurance (SDI) requires evidence of cost savings, and approval by Owner.

  • Should the Project be enrolled in a Subcontractor Default Insurance Program (“Subguard”), Contractor shall timely provide the requisite documentation for enrollment into said program and promptly cooperate with the requirements of the Subguard provider.

  • Owner does not permit Contractor Controlled Insurance Program (CCIP) or Subcontractor Default Insurance (SDI).

  • If and to the extent any deductibles on account of the Subcontractor Default Insurance policy (as described in Exhibit 5) are paid as a Cost of Work, such amount shall be added to the Allowable Cost, Expected Cost, Target Cost and EMP by way of Change Order.

  • Construction Manager may provide Subcontractor Default Insurance as recognized in Section 6.6.1 of the Agreement.

  • Trade Contractor Payment and Performance Bonds or Subcontractor Default Insurance.

  • Owner Administration (10% autofill) Bond Premium or Subcontractor Default Insurance (SDI) Builders Risk Insurance (total build schedule) Title and Recording Plan Check & Permit Fees Local Development Impact Fees Employment Reporting Other Const.

  • The Insurance Premium Rate for Subcontractor Default Insurance shall be 1.25% of the subcontract value of any enrolled Subcontractor.


More Definitions of Subcontractor Default Insurance

Subcontractor Default Insurance means a contractor default insurance (CDI)
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