Failure to Procure. The Contractor's failure to procure and maintain the required liability insurance or to provide proof thereof to Administrator within 30 days following the commencement of a new policy period, shall constitute a material breach of this Agreement upon which Administrator may obtain coverage and adjust Contractor’s payments to reflect cost of policy and acquisition or terminate this Agreement. Prior to the Date of this Agreement, the Contractor shall furnish Administrator with copies of the State of Arizona Certificate of Insurance (RM7200.1) or a certificate of substantially the same content.
Failure to Procure. Should the Franchisee for any reason fail to procure or maintain the insurance required by this Agreement, as revised from time to time for all franchisees by the Manuals or otherwise in writing, the Franchisor shall have the right and authority (without, however, any obligation) to immediately procure such insurance and to charge the same to the Franchisee, which charges, together with a reasonable fee for the Franchisor's expenses in so acting, including all attorneys' fees, shall be payable by the Franchisee immediately upon notice.
Failure to Procure. In the event TENANT at any time fails to procure such insurance or to maintain it in effect, LANDLORD shall have the right, but shall not be obligated, to place such insurance with a carrier of its choice and to pay the premium therefor. The cost thereof, together with interest thereon at the greater of (1) 10% per annum; or (2) 5% over the San Francisco Federal Reserve Bank’s rate for advances made to member banks under Sections 13 and 13a of the Federal Reserve Act prevailing on the 25th day of the month prior to the earlier of the date of the loan contract or the date the loan was made (computed from date of LANDLORD's payment to date of TENANT's reimbursement), shall be reimbursed to LANDLORD by TENANT as additional rent hereunder on the first day of the month next following the date of payment of such cost by LANDLORD. In the event interest charged hereunder exceeds the maximum allowable interest rate, the interest will automatically be reduced to the maximum rate permissible under the law.
Failure to Procure. Grantee acknowledges and agrees, by acceptance of this Franchise, 34 that failure to procure or maintain the required insurance shall constitute a material breach 35 of this Franchise and that the County may immediately suspend operations under the 36 Franchise, terminate the Franchise, or, at its discretion, procure or renew such insurance to 37 protect the County's interests and be reimbursed by such Grantee for all reasonable 38 premiums paid in connection therewith.
Failure to Procure. In the event Landlord or Tenant should fail to procure or keep in force the insurance which, as provided in this Section, must be procured and kept by Landlord or Tenant respectively, Landlord or Tenant may procure insurance for the other's benefit and recover the cost thereof from said obligated party. 15.
Failure to Procure. If Consultant fails to procure and maintain the required insurance, upon written notice Owner may, but shall not be required to, procure and maintain the required insurance at the expense of Consultant. In the alternative, Owner may declare a default hereunder and, unless such default is timely cured, terminate the Agreement. Unless and until the default is cured, Consultant and its servants, employees, or agents shall not be allowed to enter upon Owner’s premises.
Failure to Procure. If, for any reason, you should fail to procure or maintain the insurance required by this Agreement, as revised from time to time for all franchisees by the Manual or otherwise in writing, Able Oil shall have the right and authority (without, however, any obligation) to immediately procure such insurance and to charge you for the same, which charges, together with a reasonable fee for Able Oil's expenses in so acting, including all attorneys' fees, shall be payable by you immediately upon notice.
Failure to Procure. Should the Licensees for any reason fail to procure or maintain the insurance required by this Agreement, as revised from time to time for all Licensees by the Manuals or otherwise in writing, the Licensor shall have the right and authority (without, however, any obligation) to immediately procure such insurance and to charge the same to the Licensees, which charges, together with a reasonable fee for the Licensor's expenses in so acting, including all attorneys' fees, shall be payable by the Licensees immediately upon notice.
Failure to Procure. Xxxxxxx acknowledges and agrees, by acceptance of this Franchise, 34 that failure to procure or maintain the required insurance shall constitute a material breach 35 of this Franchise and that the County may immediately suspend operations under the 36 Franchise, terminate the Franchise, or, at its discretion, procure or renew such insurance to 37 protect the County's interests and be reimbursed by such Grantee for all reasonable 38 premiums paid in connection therewith.
Failure to Procure. In the event Tenant should fail to procure or keep in force the insurance which, as provided in this Lease, must be procured and kept by Tenant, Landlord may, but shall not be obligated to, procure insurance for Tenant's benefit and recover the cost thereof from Tenant within ten (10) days from written demand therefor from Landlord.
