Blanket Coverage. Owner and Lessee reserve the right to provide any insurance referenced in this Article XII by one or more so-called “blanket” or “umbrella” policies of insurance. Operator further acknowledges that the insurance coverage of the Hotel may be part of the general insurance plan of Owner or Lessee or of any of their affiliates. Owner or Lessee may elect to obtain any of the insurance coverages set forth in this Article XII with a “deductible loss” clause providing for per occurrence deductibles.
Appears in 13 contracts
Samples: Hotel Management Agreement (Condor Hospitality Trust, Inc.), Hotel Management Agreement (Condor Hospitality Trust, Inc.), Hotel Management Agreement (Condor Hospitality Trust, Inc.)
Blanket Coverage. Lessee and/or Owner and Lessee reserve reserves the right to provide any insurance referenced in this Article XII 12 by one or more so-called “blanket” or “umbrella” policies of insurance. Operator further acknowledges that the insurance coverage of the Hotel may be part of the general insurance plan of Lessee or Owner or Lessee or of any of their affiliates. Lessee and/or Owner or Lessee may elect to obtain any of the insurance coverages set forth in this Article XII 12 with a “deductible loss” clause providing for per occurrence deductibles.
Appears in 7 contracts
Samples: Hotel Management Agreement (Condor Hospitality Trust, Inc.), Hotel Management Agreement (Condor Hospitality Trust, Inc.), Hotel Management Agreement (Condor Hospitality Trust, Inc.)
Blanket Coverage. Owner and Lessee reserve the right to provide any insurance referenced in this Article XII by one or more so-called “blanket” or “umbrella” policies of insurance. Operator further acknowledges that the insurance coverage of the Hotel may be part of the general insurance plan of Owner or Lessee or of any of their affiliates. Owner or Lessee may elect to obtain any of the insurance coverages set forth in this Article XII with a “deductible loss” clause providing for per occurrence deductibles.. ARTICLE 13 PROPERTY TAXES, LOCAL TAXES, LEVIES AND OTHER ASSESSMENTS
Appears in 3 contracts
Samples: Hotel Management Agreement (Supertel Hospitality Inc), Hotel Management Agreement (Supertel Hospitality Inc), Hotel Management Agreement (Supertel Hospitality Inc)
Blanket Coverage. Lessee and/or Owner and Lessee reserve reserves the right to provide any insurance referenced in this Article XII 12 by one or more so-called “"blanket” " or “"umbrella” " policies of insurance. Operator further acknowledges that the insurance coverage of the Hotel may be part of the general insurance plan of Lessee or Owner or Lessee or of any of their affiliates. Lessee and/or Owner or Lessee may elect to obtain any of the insurance coverages set forth in this Article XII 12 with a “"deductible loss” " clause providing for per occurrence deductibles.
Appears in 3 contracts
Samples: Purchase and Sale Agreement, Hotel Management Agreement (Condor Hospitality Trust, Inc.), Purchase and Sale Agreement (Condor Hospitality Trust, Inc.)
Blanket Coverage. Owner and Lessee reserve the right to provide any insurance referenced in this Article XII by one or more so-called “blanket” or “umbrella” policies of insurance. Operator further acknowledges that the insurance coverage of the Hotel may be part of the general insurance plan of Owner or Lessee or of any of their affiliates. Owner or Lessee may elect to obtain any of the insurance coverages set forth in this Article XII with a “deductible loss” clause providing for per occurrence deductibles.. ARTICLE XIII PROPERTY TAXES, LOCAL TAXES, LEVIES AND OTHER ASSESSMENTS
Appears in 2 contracts
Samples: Hotel Management Agreement (Supertel Hospitality Inc), Hotel Management Agreement (Humphrey Hospitality Trust Inc)
Blanket Coverage. Owner and Lessee reserve reserves the right to provide any insurance referenced in this Article XII 12 by one or more so-called “blanket” or “umbrella” policies of insurance. Operator further acknowledges that the insurance coverage of the Hotel may be part of the general insurance plan of Owner or Lessee or of any of their affiliates. Owner or Lessee may elect to obtain any of the insurance coverages set forth in this Article XII 12 with a “deductible loss” clause providing for per occurrence deductibles.
Appears in 1 contract
Samples: Hotel Management Agreement (Condor Hospitality Trust, Inc.)
