Insurance & Bonding. The Recipient shall carry sufficient insurance coverage to protect contract assets from loss due to theft, fraud and/or undue physical damage, and as a minimum shall purchase a blanket fidelity bond covering all employees in an amount equal to cash advances from the Grantee.
Appears in 16 contracts
Samples: CDBG Recipient Agreement, Recipient Agreement, Recipient Agreement
Insurance & Bonding. The Recipient shall carry sufficient insurance coverage to protect contract assets from loss due to theft, fraud and/or undue physical damage, and as a minimum shall purchase a blanket fidelity bond covering all employees in an amount equal to cash advances from the Grantee.. The Recipient shall comply with the bonding and insurance requirements of 24 CFR
Appears in 2 contracts
