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luted as an insured or additional insured.
<br />C. All the policies of insurance (and the ccrtifi
<br />cates or other evidence thereof) required to be pur
<br />5.06 will contain a provision or endorsement that thc
<br />coverage afforded will not be canceled or materially
<br />changed or renewal refused until at least 30 days prior
<br />written notice has been given to OWNER and CON
<br />TRACTOR and to each other additional insured to
<br />will contain waiver provisions in accordance with
<br />paragraph 5.07.
<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 />other special insurance be included in the property
<br />Insurance policies provided under paragraph 5.06,
<br />and thc 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 />the Site, OWNER shall in writing advise CONTRAC
<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 />• ---e -- • e..e .e•-'=
<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 />and subcontractors of each and any of them) in such
<br />policies and will provide primary coverage for all
<br />losses and damages caused by the perils or causes of
<br />loss covered thereby. All such policies shall contain
<br />provisions to the effect that in the event of payment of
<br />any lo"s or damage the insurers will have no rights of
<br />Insureds thereunder. OWNER and CONTRACTOR
<br />waive all rights against each other and thei r
<br />respective officers, directors, partners, employees,
<br />caused by, arising out of or resulting from any of thc
<br />perils or causes of loss covered by such policies and
<br />any other property insurance applicable to the Work;
<br />and, in addition, waive all such rights against
<br />Subcontractors, ENGINEER, ENGINEER'S
<br />Consultants, and all other individuals or cntiticS
<br />identified in the Supplementary Conditions to be listed
<br />directors, partners, employees, agents, and other
<br />them) under such policies for losses and damages so
<br />caused. Nonc of the above waivers shall extend to
<br />the rights that any party making such waiver may have
<br />trustee or otherwise payable under any policy so
<br />Issued.
<br />B. OWNER waives all rights against
<br />CONTRACTOR, Subcontractors, ENGINEER,
<br />ENGINEER's Consultants, and the officers, directors,
<br />and subcontractors of each and any of them for:
<br />1. lose due to business interruption, los.,
<br />beyond direct physical loss or damage to
<br />OWNER's property or the Work caused by,
<br />arising out of, or resulting from fire or other peril
<br />2. loss or damage to the completed Pro
<br />ject or part thereof caused by, arising out of, or
<br />cause of loss covered by any property
<br />or part thereof by OWNER during partial
<br />utilization pursuant to paragraph 14.05, after
<br />Substantial Completion pursuant to paragraph
<br />14.04, or after final payment pursuant to
<br />paragraph -14,07,
<br />C.
<br />aragraph 14.07-
<br />C. Any insurance policy maintained by OWNER
<br />covering any loss, damage or consequential loss
<br />referred to in paragraph 5.07.6 shall contain
<br />provisions to the effect that in the event of payment of
<br />any such loss, damage, or con ;cquential loss, thc
<br />CONTRACTOR, Subcontractors, ENGINEER, or
<br />ENGINEER's Consultants and the officers, directors,
<br />and subcontractors of each and any of them.
<br />00700 - General Conditions REV 5-10-13
<br />00700 - 17
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