Security for Utility Adjustment Costs; Insurance Sample Clauses
The 'Security for Utility Adjustment Costs; Insurance' clause requires a party, typically a contractor or developer, to provide financial security or guarantees to cover the costs associated with adjusting, relocating, or protecting utility lines during a project. This may involve posting bonds, letters of credit, or other forms of security, and also mandates that appropriate insurance coverage is maintained to address potential damages or liabilities arising from utility work. The core function of this clause is to ensure that funds are available to pay for necessary utility adjustments and to protect all parties from financial loss or disputes related to utility infrastructure during construction or development activities.
Security for Utility Adjustment Costs; Insurance. 7.5.9.1 Upon request from a Utility Owner entitled to reimbursement of Utility Adjustment costs, Developer shall provide security for such reimbursement by way of a payment bond, letter of credit or retention account, in such amount and on such terms as are negotiated in good faith between Developer and the Utility Owner.
7.5.9.2 Developer may satisfy a Utility Owner's requirement that Developer provide liability insurance by naming such Utility Owner as an additional insured on the insurance provided by Developer or any Contractor pursuant to Article 16.
Security for Utility Adjustment Costs; Insurance. Upon request from a Utility Owner entitled to reimbursement of Utility Adjustment costs, DB Contractor shall, at its sole cost, provide security for such reimbursement by way of a payment bond, letter of credit or retention account, in such amount and on such terms as are negotiated in good faith between DB Contractor and the Utility Owner. DB Contractor may satisfy a Utility Owner's requirement that DB Contractor provide liability insurance by naming such Utility Owner as an additional insured on the insurance provided by DB Contractor or any Subcontractor pursuant to Section 9.
Security for Utility Adjustment Costs; Insurance.
5.5.9.1 Developer shall satisfy all requirements in IFA Utility Agreements and Developer Utility Agreements to provide security for reimbursement of Utility Adjustment costs to which the Utility Owner is entitled and that are the responsibility of Developer hereunder, in form, type and amount and on terms provided by the IFA Utility Agreements and Developer Utility Agreements.
5.5.9.2 Developer shall satisfy all requirements in IFA Utility Agreements and Developer Utility Agreements for all Type 2 Utility Adjustments to provide liability insurance for the protection of the Utility Owner.
Security for Utility Adjustment Costs; Insurance. (a) Upon request from a Utility Owner entitled to reimbursement of Utility Adjustment costs, Developer shall, at its sole cost, provide security for such reimbursement by way of a payment bond, letter of credit or retention account, in such amount and on such terms as are negotiated in good faith between Developer and the Utility Owner.
Security for Utility Adjustment Costs; Insurance. (a) Upon request from a Utility Owner entitled to reimbursement of Utility Adjustment costs, Developer shall, at its sole cost, provide security for such reimbursement by way of a payment bond, letter of credit or retention account, in such amount and on such terms as are negotiated in good faith between Developer and the Utility Owner.
(b) Developer may satisfy a Utility Owner’s requirement that Developer provide liability insurance by naming such Utility Owner as an additional insured on the insurance provided by Developer or any Subcontractor pursuant to Section 9.
Security for Utility Adjustment Costs; Insurance. Developer shall satisfy all requirements in the Utility 19 Memoranda of Understanding and Utility Agreements to provide security for 20 reimbursement of Utility Adjustment costs to which the Utility Company is entitled, in 21 form, type and amount and on terms provided by the Utility Memoranda of 22 Understanding and Utility Agreements.
Security for Utility Adjustment Costs; Insurance. Upon request from a Utility Owner entitled to reimbursement of Utility Adjustment costs (other than for Utility Adjustments required to be performed under the Oncor Agreement), DB Contractor shall, at its sole cost, provide security for such reimbursement by way of a payment bond, letter of credit or retention account, in such amount and on such terms as are negotiated in good faith between DB Contractor and the Utility Owner. DB Contractor may satisfy a Utility Owner'’s requirement that DB Contractor provide liability insurance by naming such Utility Owner as an additional insured on the insurance provided by DB Contractor or any Subcontractor pursuant to Section 9.
Security for Utility Adjustment Costs; Insurance. 6.8.9.1 Upon request from a Utility Owner entitled to reimbursement of Utility Adjustment costs, DB Contractor shall, at its sole cost, provide security for such reimbursement by way of a payment bond, letter of credit or retention account, in such amount and on such terms as are negotiated in good faith between DB Contractor and the Utility Owner (or between TxDOT, DB Contractor, and the City of Dallas, where the Utility Owner is the City of Dallas).
6.8.9.2 DB Contractor may satisfy a Utility Owner’s requirement that DB Contractor provide liability insurance by naming such Utility Owner as an additional insured on the insurance provided by DB Contractor or any Subcontractor pursuant to Section 9.
Security for Utility Adjustment Costs; Insurance. 4 5.4.8.1 Developer shall satisfy all requirements in Section 5 107.15.04.04.02 of the Technical Provisions and Utility Agreements to provide security 6 for reimbursement of Utility Adjustment costs to which the Utility Company is entitled, in 7 form, type and amount, and on terms provided by Section 107.15.04.04.02.G of the 8 Technical Provisions and Utility Agreements.
9 5.4.8.2 Developer shall satisfy all requirements in Section
Security for Utility Adjustment Costs; Insurance. Developer shall satisfy all requirements in the Utility 35 Memoranda of Understanding and Utility Agreements to provide security for 36 reimbursement of Utility Adjustment costs to which the Utility Company is entitled, in 37 form, type and amount and on terms provided by the Utility Memoranda of 38 Understanding and Utility Agreements. 39 5.10.8.2 Developer shall satisfy all requirements in Utility Memoranda 40 of Understanding and Utility Agreements to provide liability insurance for the protection 41 of the Utility Company. 1 5.10.9 Applications for Utility Permits 2 5.10.9.1 It is anticipated that, during the D&C Period, Utility 7 through 5.10.9.5 shall apply to all such Utility Company applications. No work or 11 other Claim hereunder.