Common use of Consequence of Lapse Clause in Contracts

Consequence of Lapse. Should any required insurance not be procured or lapse during the term of this Agreement, requests for payment originating after such lapse will not be processed until the District receives satisfactory evidence of reinstated coverage as required by the Agreement. If insurance is not reinstated, the District, may, at its sole option, terminate this Agreement effective on the date of such lapse of insurance.

Appears in 6 contracts

Samples: Project Grant Consulting Services, Agreement, Professional Services Agreement

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