Insurance and Bond Reimbursements. At Project Completion, Contractor shall require reimbursement from its insurance brokers and/or insurers and its bond brokers and/or sureties, all portions of Contractor’s bond premiums, either paid or to be paid, that are not at-risk due to a reduction in the Guaranteed Project Cost. All amounts of premium reimbursement that Contractor receives from the Contractor’s insurance brokers and/or insurers and its bond brokers and or sureties, shall be withheld by District from Contractor’s Lease Payment(s). The District shall estimate this amount until Contractor indicates what the total amount of this reimbursement. EXHIBIT D TO MASTER FACILITIES LEASE GENERAL CONSTRUCTION PROVISIONS TABLE OF CONTENTS
Appears in 4 contracts
Samples: Master Site Lease, Master Site Lease, Master Site Lease
Insurance and Bond Reimbursements. At Project Completion, Contractor shall require reimbursement from its insurance brokers and/or insurers and its bond brokers and/or sureties, all portions of Contractor’s bond premiums, either paid or to be paid, that are not at-risk due to a reduction in the Guaranteed Project Cost. All amounts of premium reimbursement that Contractor receives from the Contractor’s insurance brokers and/or insurers and its bond brokers and or sureties, shall be withheld by District from Contractor’s Lease Payment(s). The District shall estimate this amount until Contractor indicates what the total amount of this reimbursement. EXHIBIT D TO MASTER FACILITIES LEASE GENERAL CONSTRUCTION PROVISIONS TABLE OF CONTENTS.
Appears in 3 contracts
Samples: Site Lease, resources.finalsite.net, Site Lease
Insurance and Bond Reimbursements. At Project Completion, Contractor shall require reimbursement from its insurance brokers and/or insurers and its bond brokers and/or sureties, all portions of Contractor’s bond premiums, either paid or to be paid, that are not at-risk due to a reduction in the Guaranteed Project Cost. All amounts of premium reimbursement that Contractor receives from the Contractor’s insurance brokers and/or insurers and its bond brokers and or sureties, shall be withheld by District from Contractor’s Lease Payment(s). The District shall estimate this amount until Contractor indicates what the total amount of this reimbursement. EXHIBIT D TO MASTER FACILITIES LEASE GENERAL CONSTRUCTION PROVISIONS TABLE OF CONTENTS
Appears in 1 contract
Samples: Site Lease
