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in=addition,-wai-ve=all-such-r-ights-against-Subcontractor ' ,
<br /> Supplementary Conditions, and the officers, rectors , and Engineer, and all other individuals or entities
<br /> partners , employees , agents, consultants and identified in the Supplementary Conditions to be lis d as
<br /> subcontractors of each and any of them , ea of whom is insured or additional insured (and the officers, dire , tors ,
<br /> deemed to have an insurable interest and fall be listed as partners , employees , agents , consultants and
<br /> an insured or additional insured . subcontractors of each and any of them ) under ch
<br /> policies for losses and damages so caused . Nojjfe of the
<br /> C . All the policies of insurance ( and t e certificates or above waivers shall extend to the rights that fiy party
<br /> other evidence thereof) required to purchased and making such waiver may have to the procee s of
<br /> maintained in accordance with Par graph 5 . 06 will insurance held by Owner as trustee or/tractor,
<br /> wise payable
<br /> contain a provision or endorseme t that the coverage under any policy So issued .
<br /> afforded will not be canceled or aterially changed or-
<br /> renewal
<br /> r
<br /> renewal refused until at least 3 days prior written notice B . Owner waives all rights against Co
<br /> has been given to Owner and ontractor and to each other Subcontractors , and Engineer, and t}le officers, directors ,
<br /> additional insured to whom certificate of insurance has partners, employees , agents, consultants and
<br /> been issued and will conta ' waiver provisions in actor- subcontractors of each and any o them for:
<br /> dance with Paragraph 5 . 0 .
<br /> 1 . loss due to business / nterruption , loss of use, or
<br /> D . Owner shall not be sponsible for purchasing and other consequential to s extending beyond direct
<br /> maintaining any prop -ty insurance specified in this physical loss or damaekto Owner' s property or the
<br /> Paragraph 5 . 06 to pr tett the interests of Contractor, Work caused by, ari §Itng out of, or resulting from fire
<br /> Subcontractors, or r, thers in the Work to the extent of any or other perils whetlfer or not insured by Owner; and
<br /> deductible amount/ss that are identified in the Supple-
<br /> mentary Conditipns . The risk of loss within such 2 . loss or dam ge to the completed Project or part
<br /> identified dedu tible amount will be borne by Contractor, thereof caused y, arising out of, or resulting from
<br /> Subcontracto , or others suffering any Such loss, and if fire or other i sured peril or cause of loss covered by
<br /> any of them ishes property insurance coverage within any prope insurance maintained on the completed
<br /> the limits such amounts, each may purchase and Project or part thereof by Owner during partial
<br /> maintain at the purchaser' s own expense . utilizatio pursuant to Paragraph 14 . 05 , after
<br /> Substa Pial Completion pursuant to Paragraph 14 . 04 ,
<br /> E . If C ntractor requests in writing that other special or aft final payment pursuant to Paragraph 14 . 07 .
<br /> insur ,dice be included in the property insurance policies
<br /> pro ' ed under Paragraph 5 . 06 , Owner shall , if possible, C . Any insurance policy maintained by Owner covering
<br /> in ude such insurance, and the cost thereof will be any to s, damage or consequential loss referred to in
<br /> c arged to Contractor by appropriate Change Order. Prior Para raph 5 . 07 .13 shall contain provisions to the effect
<br /> commencement of the Work at the Site , Owner shall in /and
<br /> in the event of payment of any such loss , damage , or
<br /> !Writing advise Contractor whether or not such other equential loss, the insurers will have no rights of
<br /> `— �d�l�as_b�eor �r: very against Contractor, Subcontractors, or Engineer,
<br /> he officers, directors, partners, employees , agents ,
<br /> 5 . 07 Waiver of Rights n :
<br /> _e Owiie_ and GeiitFaefef idrat alF5 . 08 Receipt and Application oflnsurance Proceeds
<br /> purchased in accordance with Paragraph 5 . 0 , will protect
<br /> Owner, Contractor, Subcontractors, and gineer, and all A,_A:ny=insured=loss=under=the-policies-ofinsurala
<br /> other individuals or entities identified i the Supple- required by Paragraph 5 . 06 will be adjusted wi eowner
<br /> mentary Conditions to be listed as in reds or additional and made payable to Owner as fiduciary for the insureds,
<br /> insureds (and the officers , directo , partners, employees, /fiduciary
<br /> eir interests may appear, subject to t 7 requirements
<br /> agents , consultants and subcont ctors of each and any of y applicable mortgage clause an f Paragraph
<br /> them) in such policies and w ' provide primary coverage . B . Owner shall deposit in a se . rate account any
<br /> for all losses and damages aused by the perils or causes ey so received and shall dis ute it in accordance
<br /> of loss covered thereby . 11 such policies shall contain such agreement as the p ies in interest may reach .
<br /> provisions to the effeG that in the event of payment of other special agree it is reached , the damaged
<br /> any loss or damag e insurers will have no rights of shall be repaired r replaced , the moneys so
<br /> recovery against ny of the insureds or additional insureds ved applied on count thereof, and the Work and the
<br /> thereunder. O ner and Contractor waive all rights against thereof cove d by an appropriate Change Order.
<br /> each other d their respective officers , directors,
<br /> partners„ mployees , agents, consultants and wner fiduciary shall have power to adjust and
<br /> subco, ractors of each and any of them for all losses and a loss with the insurers unless one of the parties
<br /> da�ages caused by , arising out of or resulting from any of rest shall object in writing within 15 days after the
<br /> p' perils or causes of loss covered by such policies and rrence of loss to Owner ' s exercise of this power. If
<br /> - - - ; - 4; cbjcction=be made;=0w-ner-av=f duciar=y=shall=make
<br /> EJCDC C-700 Standard General Conditions of the Construction Contract.
<br /> Copyright © 2002 National Society of Professional Engineers for EJCDC . All rights reserved.
<br /> 00700 - 17
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