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10B Action 2011 0321
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10B Action 2011 0321
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3/17/2011 5:44:01 PM
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3/17/2011 5:43:55 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
3/21/2011
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_CC Agenda 2011 0321
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\City Clerk\City Council\Agenda Packets\2011\Packet 2011 0321
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of the date and nature of such correction. If Redflex, for any reason, fails to <br /> maintain the insurance coverage required pursuant to this Agreement, such failure <br /> shall be deemed a material breach of this Agreement, and the Customer shall have <br /> the right, but not the obligation and exercisable in its sole discretion, to either (i) <br /> terminate this Agreement and seek damages from Redflex for such breach, or (ii) <br /> purchase such required insurance, and without further notice to Redflex, deduct <br /> from any amounts due to Redflex pursuant to this Agreement, any premium costs <br /> advance by the Customer for such insurance. If the premium costs advanced by <br /> the Customer for such insurance exceed any amounts due to Redflex pursuant to <br /> this Agreement, Redflex shall promptly remit such excess amount to the <br /> Customer upon receipt of written notice thereof. <br /> 4. Redflex shall provide certificates of insurance evidencing the insurance required <br /> pursuant to the terms of this Agreement, which certificates shall be executed by <br /> an authorized representative of the applicable insurer, and which certificates shall <br /> be delivered to the Customer prior to Redflex commencing any work pursuant to <br /> the terms of this Agreement. <br /> 30 <br />
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