Default in Insuring Sample Clauses
The 'Default in Insuring' clause defines the consequences and procedures that apply if a party fails to maintain required insurance coverage as stipulated in an agreement. Typically, this clause outlines the obligations of the defaulting party, such as the need to promptly remedy the lapse in coverage or the right of the non-defaulting party to procure insurance on their behalf and recover associated costs. Its core practical function is to ensure continuous insurance protection, thereby mitigating risk and safeguarding the interests of all parties involved in the contract.
Default in Insuring. Should the Contractor default in taking out or maintaining the insurance policy or polices as stipulated in Clause 36.1, the Employer (without prejudice to any rights or remedies available) may himself take out and/or maintain the necessary insurance policy or policies and the amount paid by him in respect of premiums shall be recoverable from the Contractor or deducted from any payment due or to become due to the Contractor under the Contract.
Default in Insuring. If the Contractor fails to effect or renew such insurance as are necessary under this clause, the Government or the S.O. on its behalf may renew such insurance and pay the premium in respect thereof and deduct the amount so expended including On-Cost Charges (calculated by applying the ‘Percentage of On-cost Charges’ stated in Appendix to the premiums paid), from any money due or to become due to the Contractor under this Contract, and failing which such premium shall be recovered from the Performance Bond or as a debt due from the Contractor.
Default in Insuring. Should the Contractor or any subcontractor default in taking out or maintaining the insurance policies as stipulated in Clauses 29.1 and 29.2, the Employer (without prejudice to any other rights and remedies available to him at law or under the Contract) may himself procure such insurance policies against any such risks and the amount paid by him in respect of premiums shall be recoverable from the Contractor.
Default in Insuring. If the Contractor fails to effect or renew such insurances as are required to be effected and maintained under this Contract, the Government or the FSO on its behalf may effect or renew such insurance and shall be entitled to deduct a sum equivalent to the amount in respect of the premiums paid and On-Cost Charges (calculated by applying the percentage for On-cost Charges to the premiums paid), from any money due or become due to the Contractor under this Contract or to recover the same from the Performance Bond or as a debt due from the Contractor.
Default in Insuring. In the event the Contractor defaults in taking out or maintaining the insurance policy or polices as stipulated in Clause 38A.1, the Employer (without prejudice to any rights or remedies available) may himself take out and/or maintain the necessary insurance policy or policies and the amount paid by him in respect of premiums shall be recoverable from the Contractor under Clause 48.
Default in Insuring. If the Contractor fails to effect or renew such insurances as are required to be effected and maintained under this Contract, the Government or the FSO on its behalf may effect or renew such insurance and shall be entitled to deduct a sum equivalent to the amount in respect of the premiums paid and On-Cost Charges (calculated by applying the ‘Percentage for On-cost Charges’ stated in the Appendix to the Conditions of Contract in Appendix 5), from any money due or become due to the Contractor under this Contract or to recover the same from the Performance Bond or as a debt due from the Contractor.
Default in Insuring. Should the Contractor default in taking out or maintaining the insurance policy or polices as stipulated in Clause 36.1, the Employer (without prejudice to any rights or remedies available) may himself take out and/or maintain the necessary insurance policy or policies and the amount paid by him in respect of premiums shall be recoverable from the Contractor under Clause 49. 37.1 Employee’s Social Security Scheme for Local Workmen