Self-Insurance. The policies specified herein may provide coverage which contains deductibles or self-insured retentions. Such deductibles and/or self-insured retentions shall not be applicable with respect to the coverage provided to Owner under such policies. The DP shall be solely responsible for deductible and/or self-insured retention, and Owner, at its option, may require the DP to secure the payment of such deductible or self-insured retention by a surety bond or an irrevocable and unconditional letter of credit.
Appears in 16 contracts
Samples: Standard Form Agreement, Standard Form Agreement, Standard Form Agreement
Self-Insurance. The policies specified herein may provide coverage which contains deductibles or self-insured retentions. Such deductibles and/or self-insured retentions shall not be applicable with respect to the coverage provided to Owner under such policies. The DP Contractor shall be solely responsible for deductible and/or self-insured retention, and Owner, at its option, may require the DP Contractor to secure the payment of such deductible or self-insured retention by a surety bond or an irrevocable and unconditional letter of credit.
Appears in 6 contracts
Samples: Northern Arizona University Standard Form Agreement, Form Agreement, Form Agreement
Self-Insurance. The policies specified herein may provide coverage coverage, which contains contain deductibles or self-insured retentionsretention. Such deductibles and/or self-insured retentions shall not be applicable with respect to the coverage provided to Owner under such policies. The DP shall be solely responsible for deductible and/or self-insured retention, and Owner, at its option, may require the required DP to secure the payment of such deductible or self-insured retention by a surety bond or an irrevocable and unconditional letter of credit.
Appears in 1 contract
Samples: Design Professional Agreement
Self-Insurance. The policies specified herein may provide coverage which contains contain deductibles or self-insured retentions. Such deductibles and/or self-insured retentions shall not be applicable with respect to the coverage provided to Owner under such policies. The DP Contractor shall be solely responsible for deductible and/or self-insured retention, and Owner, at its option, may require the DP Contractor to secure the payment of such deductible or self-insured retention by a surety bond or an irrevocable and unconditional letter of credit.
Appears in 1 contract
Samples: Construction Agreement
Self-Insurance. The policies specified herein may provide coverage which contains deductibles or self-insured retentions. Such deductibles and/or self-insured retentions shall not be applicable with respect to the coverage provided to Owner under such policies. The DP shall be solely responsible for deductible and/or self-insured retention, and Owner, at its option, may require the DP to secure the payment of such deductible or self-insured retention by a surety bond or an irrevocable and unconditional letter of credit.. NAU Project No. 11.160.232– 2023 ARQ
Appears in 1 contract
Samples: in.nau.edu