Common use of Contractor’s Insurance Obligations Clause in Contracts

Contractor’s Insurance Obligations. Managing Member shall require the Project’s general contractors and all subcontractors to obtain and maintain at all times during performance of work for the Company an occurrence form commercial general liability policy on a primary and non-contributing basis with a minimum of $1,000,000 per occurrence/$2,000,000 annual aggregate per location / project and an umbrella / excess liability in the minimum amount of $5,000,000 per location / project, or in such other amounts as may be approved by the Members, on which the Company is named as an additional insured. In addition, Managing Member shall require that the Project’s general contractors and all subcontractors carry worker’s compensation coverage as required by law, including a waiver of subrogation in favor of the Company.

Contractor’s Insurance Obligations. Managing Member shall require the Project’s Projects’ general contractors and all subcontractors to obtain and maintain at all times during performance of work for the Company and the Property Owners, as applicable, an occurrence form commercial general liability policy on a primary and non-contributing basis with a minimum of $1,000,000 per occurrence/$2,000,000 occurrence/$1,000,000 annual aggregate per location / project and an umbrella / excess liability in the minimum amount of $5,000,000 per location / projectaggregate, or in each case, in such other amounts as may be approved by the MembersCo-Managing Member, on which the Company and the applicable Property Owner is named as an additional insured. In addition, Managing Member shall require that the Project’s general contractors and all subcontractors carry worker’s compensation coverage as required by law, including a waiver of subrogation in favor of the Company.