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, <br /> � With rcgard to the subcontractors and sub-subcontractors. thc Com�r�h�nsi�� C'atcistro�h� <br /> I { <br /> Liabilit�� Instirancc shall l�a��c limits not less ihan (i) tl�o amount sho��n bclo�� for cach <br /> � occurre��ee (sho��n as an ng�re�ate amount for each annual period ���ith resp�ct to products <br /> hazard coverage) and (ii) thc abo��c applicable linuts of insuranc� sct forth in <br /> subparagraphs (I) (2) and (3) above. <br /> � SubcontractorNcndor Each Occurrence A���re�ate Producc Hazard <br /> All Trade Subcontractors $�00.000 ��OU_UOU <br /> �� In tl�e event that Contractor or am� of the abo��c named subcontractors has or obtains <br /> insurance coverage in amounts in exccss of thosc listed abo��c, such additional insuranc� <br /> � coverage shall also inure to the benefit of O���ner. Beforc commcncing th� �1�orl.. <br /> Contractor and all subcontractors and sub-subcontractors shall furnish ccrtificatcs of <br /> insurance satisfacton� to O��ner (or If O��ner so directs, copics of the actual insurancc <br /> policics) from each insurance carricr sho��ing thnt the above requircd insuranco is in forcc. <br /> � the amount of the carrier�s liabilih thereunder. and further pro�iding that thc insuranc� <br /> «°ill not bc canceled or chan�cd until the cspiration of at least thirt�� (�0) da��s aft�r ���rittcn <br /> notice of such canccllation or chang� has bccn n�ailcd to and recci��cd b�� O���i�cr. ,ail <br /> � copics of policies and ccr[ificatcs of insurancc submit[cd [o O��n�r shall b� in form and <br /> contcnt acccptablc to O���ncr. All insurZncc dcscrib�d hcrcin shall bc ���riTton in a compan�� <br /> � or companies ���ith at Icast a B+ ratin� for insurancc compan�� and a financial rating of f 2_ <br /> � If Contractor. or an� subcontractor or sub-subcontractor fails to procur� �nd m�intain thc <br /> abo�e describcd insuranco. or an� portion thercof. O��n�r shall ha�c thc ri�ht. but not th� <br /> obli�ation. [o procurc and mZintain thc requircd insurancc for and in thc namc of such <br /> � part} and such part� shall pa� tho cost thcrcof and shall fin�nish all information nuccssar� <br /> to acquire and maintau� such insurance. Contractor_ its subcontractors and sub- <br /> subcontractors shall not violatc or kno��ingh permit am riolation of an� conditions or <br /> � tern�s of the policics of insurance described hercin. <br /> ARTICLE 7 <br /> � WAIVER OF LIEI�' AND SN'ORN ST,aTE��IENT <br /> FOR CONTR.ACTOR ANU SUBCON�ff2ACTORS TO O�\'NLR <br /> � <br /> Contractor sl�all hold all fiu�ds rccci��cd from O���ncr in trust for thc b�nefit of�ll pnrtics sho��n on <br /> � its Application For Pavment and S��orn Statement for Contractor and Subcontractor to O��ncr for <br /> pa��ment to thc c�tcnt of such amoui�t a��d shall �romptl�� disbursc said res��cctivc amount to cach <br /> of said entitled persons and obtain in c�chan�� therefore said person s ��ai�c of licn to said c�tcnt. <br /> � The Contractor shall. bcfor� rccci��ing pa��mci�t. submit all such documcnCs as shall b� ncc�ssar�� in <br /> order to full�� protect the O���n�r and the Project from clnims for mechanics and othcr licns to thr <br /> � e�tent of the previous pz��mcnt rcccivcd b�� Contr,�ctor. <br /> Final Pa��mcnt sl�ail not bc madc �u�tii such timc that th� O��i�cr and thc Projcct arc full�� protcctcd <br /> � against all CI1lIl1S for Ill(;C�11RlCS and othcr licns on account of thc ��'ork o tl:c satisfiaction of <br /> O��ncr�s conscnt. ��hethcr b� ��aivcr, rcicasc_ furnishing of siu-ct� bond. or othcr��i��. <br /> � Upon and after thc final settlement. the Contractor shall save the said O��ner harmlcss thercafter <br /> fl'011l 117�' CIdI111S. CICIII:lIICIS. SLIItS OI" 111\' ZCtI0I1S ��hatsoc�cr b� an� Subcontractor or am person <br /> � <br />