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deemed to have an insurable interest and shall be
<br />C. All the policies of insurance (and the certifi
<br />Dates or other evidence thereof) required to be pur
<br />WO a
<br />5.06 will contain a provision or endorsement that thc
<br />coverage afforded will not be canceled or materially
<br />written notice has been given to OWNER and CON
<br />TRACTOR and to each other additional insured to
<br />paragca p14 -54z
<br />D. OWNER shall not be responsible for purchas-
<br />ing and maintaining any property insurance specified
<br />in this paragraph 5.06 to protect the interests of
<br />CONTRACTOR, Subcontractors, or others in the
<br />Work to the extent of any deductible amounts that are
<br />identified in the Supplementary Conditions. The risk
<br />of loss within such identified deductible amount will be
<br />borne by CONTRACTOR, Subcontractors, or others
<br />suffering any such loss, and if any of them wishes
<br />property insurance coverage within the limits of such
<br />amounts, each may purchase and maintain it at the
<br />purchaser's own expense.
<br />E. If CONTRACTOR requests in writing that
<br />fro
<br />OWNER shall, if possible, include such insurance,
<br />and the cost thereof will be charged to CONTRAC
<br />TOR by appropriate Change Order or Written
<br />Amendment. Prior to commencement of the Work at
<br />TOR whether or not such other insurance has been
<br />procured by OWNER.
<br />5.07 Waiver of Rights
<br />A. OWNER and CONTRACTOR intend that all
<br />will protect OWNER, CONTRACTOR,
<br />Subcontractors, ENGINEER, ENGINEER's Consul-
<br />tants, and all other individuals or entities identified in
<br />the Supplementary Conditions to be listed as insureds
<br />or additional insureds (and the officers, directors,
<br />partners, employees, agents, and other consultants
<br />•
<br />losses and damages caused by the perils or causes of
<br />los covered thereby. All such policies shall contain
<br />provisions to the effect that in the event of payment of
<br />any Toss or damage the insurers will have no rights of
<br />waive all rights against each other and thei r
<br />respective officers, directors, partners, employees,
<br />agents, and other consultants and subcontractors of
<br />perils or causes of loss covered by such policies and
<br />and, in addition, waive all such rights against
<br />Subcontractors, ENGINEER, ENGINEER'G
<br />Consultants, and all other individuals or entities
<br />identified in the Supplementary Conditions to be listed
<br />•
<br />•
<br />•
<br />them) under such policies for losses and damages so
<br />trustee or otherwise payable under any policy :o
<br />issued.
<br />B. OWNER waives all rights against
<br />CONTRACTOR, Subcontractors, ENGINEER,
<br />•
<br />•
<br />1. Toss due to business interruption, loss
<br />of use, or other consequential loss extending
<br />beyond direct physical loes or damage to
<br />whether or not insured by OWNER; and
<br />2. Toss or damage to the completed Pro
<br />ject or part thereof caused by, arising out of, or
<br />cause of Toss covered by any property
<br />or part thereof by OWNER during partial
<br />utilization pursuant to paragraph 11.05, after
<br />11.04, or after final payment pursuant to
<br />pacag-Fajah-lA-0.7
<br />C. Any insurance policy maintained by OWNER
<br />covering any loss, damage or consequential los.,
<br />referred to in paragraph 5.07.B shall contain
<br />any such loss, damage, or consequential Toss, thc
<br />insurers will have no rights of recovery against
<br />CONTRACTOR, Subcontractors, ENGINEER, or
<br />ENGINEER's Consultants and the officers, directors,
<br />partners, employees, agents, and other consultants
<br />00700 - General Conditions REV 5-10-13.doc
<br />00700 - 17
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