Lapse in Federal Funding. Both the Administration and Academy agree that it is important that the Training Ship be covered by P&I insurance to mutually protect the Administration and Academy from any personal injury, environmental, or other liabilities that may arise with respect to crew, cadets, passengers or third parties. If appropriated funds for insurance are not provided to the Administration, the Administration shall provide written notice to the Academy that the federal funds cannot pay the insurance annual premium.
Appears in 6 contracts
Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement
