Common use of Umbrella/Excess Insurance Clause in Contracts

Umbrella/Excess Insurance. For the longer of (a) from the NTP Date through Project Substantial Completion and (b) the applicable statute of repose, Umbrella/Excess Insurance on a follow form basis, covering claims in excess of the underlying insurance, including drop down coverage in the event the underlying limits are eroded, described in the above sections A, B and C (excluding the Workers Compensation Coverage) with $25,000,000 per occurrence and $25,000,000 annual aggregate.

Appears in 9 contracts

Samples: Construction Management Agreement, Construction Management Agreement, Management Agreement

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