Common use of Use of Insurance Proceeds Clause in Contracts

Use of Insurance Proceeds. The Contractor shall immediately use any payment received from insurance coverages to remediate civil or environmental damages, and to repair or replace any damaged or destroyed Materials. If an insurance company withholds payment on a claim, the Contractor shall assume the Costs of repair or replacement.

Use of Insurance Proceeds. The Contractor shall immediately use any payment received from insurance coverages under insurance, guarantees or any financial instrument coverage to remediate civil or environmental damagesdamage, and as well as to repair or replace any damaged or destroyed Materials. If an insurance or issuing company withholds the corresponding payment on a claimfor any cause, the Contractor shall assume pay all the Costs of repair or replacement. Once all the Costs of repair or replacement have been covered, the Contractor may use the surplus of the amounts received as insurance coverage, guarantees or any other financial instrument to recover the Costs incurred before receipt.

Use of Insurance Proceeds. The Contractor shall immediately use any payment received from under insurance coverages coverage to remediate civil or environmental damagesdamage, and as well as to repair or replace any damaged or destroyed Materials. If an insurance company withholds payment on a claim, the Contractor shall assume the Costs of repair or replacement.

Use of Insurance Proceeds. The Contractor Contractors and Subcontractors shall immediately use any payment received from under the insurance coverages policies to remediate civil or environmental damagesdamage, and to repair or replace any damaged or destroyed Materialsassets or facilities. If an insurance company withholds payment on a claim, the Contractor shall assume the Costs costs of repair or replacement.

Use of Insurance Proceeds. The Contractor shall immediately use any payment received from under insurance coverages coverage to remediate civil or environmental damagesdamage, and as well as to repair or replace any damaged or destroyed Materials. If an insurance company withholds payment on a claim, the Contractor shall assume pay all the Costs of repair or replacement. Once all the Costs of repair or replacement have been covered, the Contractor may use the surplus of the amounts received as insurance coverage to recover the Costs incurred before receipt.

Use of Insurance Proceeds. The Contractor shall immediately use any payment received from insurance coverages under insurance, guarantees or any other financial instrument coverage, to remediate civil or environmental damagesdamage, and as well as to repair or replace any damaged or destroyed Materials. If an insurance or issuing company withholds the corresponding payment on a claimfor any cause, the Contractor shall assume pay all the Costs of repair or replacement. Once all the Costs of repair or replacement have been covered, the Contractor may use the surplus of the amounts received as insurance, guarantees or any other financial instrument coverage to recover the Costs incurred before receipt.