Common use of Loss Payee Clause in Contracts

Loss Payee. The Contractor shall ensure that all such insurance policies obtained for the Project in terms of this Contract shall be endorsed in the name of the Authority and the Authority, or any other person designated by the Authority, is named as the first loss payee in all insurance contracts effected by the Contractor pursuant to this Article14.

Appears in 5 contracts

Samples: Construction and Maintenance Contract, Construction and Maintenance Contract, Construction and Maintenance Contract

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Loss Payee. The Contractor Developer shall ensure that all such insurance policies obtained for the Project in terms of this Contract shall be endorsed in the name of the Authority and the Authority, or any other person designated by the Authority, is named as the first loss payee in all insurance contracts effected by the Contractor Developer pursuant to this Article14.

Appears in 1 contract

Samples: Construction Contract

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