Uninsured Claims and Losses Sample Clauses

Uninsured Claims and Losses. Should the Task Force’s General Liability insurance policy fail to cover any claims, losses or expenses arising from any and all activities undertaken pursuant to this Agreement, or if such policy is not available for a premium deemed appropriate by the Oversight Committee in relation to the budge of the Task Force, then the OversightCommittee shall immediately notify in writing each of the parties to this Agreement of the status of the insurance policy or lack of coverage and the cost of claims, loss or expenses shall be apportioned among the parties to this Agreement as provided in Section5.5 herein.