Development Managers Insurance Sample Clauses

Development Managers Insurance. Development Manager shall cause to be placed and kept in force at all times during the term of this Agreement (i) comprehensive public liability insurance with primary coverage of not less than Two Million Dollars ($2,000,000.00) combined single limit for bodily injury or property damage with a annual aggregate of not less than Five Million Dollars ($5,000,000.00), (ii) errors and omissions insurance, (iii) fidelity bond or insurance, (iv) workers' compensation insurance in amounts not less than the minimum amounts required by applicable state law and employer's liability insurance, and (v) all other forms of insurance as Development Manager deems prudent and reasonable given the nature of the Property and Development Manager's obligations hereunder. All such insurance coverage shall be placed with such companies, in such amounts, and with such beneficial interests appearing therein as Development Manager deems prudent and reasonable given the nature of the Property and Development Manager's obligations hereunder, as reasonably approved by Owner. Development Manager shall procure appropriate clauses in, or endorsements on, all of the policies whereby the insurer names Owner as an additional insured and agrees to give Owner not less than thirty (30) days' written notice prior to any modification or termination of any policy or failure to renew or other lapse in coverage, and the insurer waives subrogation and agrees to not terminate any such policy or reduce coverage or amount without giving Development Manager and Owner at least thirty (30) days prior written notice.
Sample 1
AutoNDA by SimpleDocs
Development Managers Insurance. The Development Manager shall maintain insurance in accordance with Schedule “D‑1” attached hereto. The Owner shall be named as an additional insured on all of the Development Manager’s liability insurance policies, with the exception of Professional Liability, maintained with respect to the Project and each policy shall be endorsed to provide the Owner with at least thirty (30) days advance written notice of non‑renewal, reduction in coverage or cancellation except such notice shall be ten (10) days advance written notice of cancellation due to non‑payment of premium. Upon request, the Development Manager shall provide the Owner certificates of insurance outlining evidence of the Development Manager’s insurance and the terms thereof. The insurance required to be maintained by the Development Manager shall be maintained with financially responsible insurance carriers licensed to do business in the State. The Development Manager may carry its insurance as part of a blanket insurance policy and in a combination of primary and umbrella coverage.
Sample 1
Development Managers Insurance 
Sample 1Sample 2

Related to Development Managers Insurance

  • Manager’s Insurance If requested by Owner at any time during the Term, Manager (as a reimbursable expense under this Agreement) and any independent contractors employed by Manager (at such contractor's expense) shall maintain in full force and effect commercial general liability, workers' compensation, employer's liability and such other insurance as Owner may reasonably require with such limits as are customary for managers of similar first class projects in the area.

  • Subcontractors’ Insurance If a part of the Agreement is to be sublet, the Consulting Engineer/Architect shall either: a. Cover all subcontractors in its insurance policies, or b. Require each subcontractor not so covered to secure insurance which will protect subcontractor against all applicable hazards or risks of loss as and in the minimum amounts designated. Whichever option is chosen, Consulting Engineer/Architect shall indemnify and hold harmless the City as to any and all damages, claims or losses, including attorney's fees, arising out of the acts or omissions of its subcontractors.

  • Owner’s Insurance Owner agrees to carry public liability, elevator liability and contractual liability insurance (specifically insuring the indemnity provisions contained in Section 10.1 above), and such other insurance as the parties agree to be necessary or desirable for the protection of the interests of Owner and Manager, which may be provided through an umbrella policy. In each such policy of insurance, Owner shall designate Manager as a party insured with Owner and the carrier and the amount of coverage in each policy shall be mutually agreed upon by Owner and Manager. A certificate of each policy issued by the carrier shall be delivered promptly to Manager by Owner. All policies shall provide for 30 days' written notice to Manager and Owner prior to cancellation, non-renewal or material amendment.

  • Contractor’s Insurance 27.1 The Contractor shall procure and maintain at all times it performs any portion of the Services the following insurance with minimum limits equal to the amount indicated below.

  • Subcontractor Insurance In accord with Good Utility Practice, each Interconnected Entity shall require each of its subcontractors to maintain and provide evidence of insurance coverage of types, and in amounts, commensurate with the risks associated with the services provided by the subcontractor. Bonding of contractors or subcontractors shall be at the hiring Interconnected Entity’s discretion, but regardless of bonding, the hiring principal shall be responsible for the performance or non- performance of any contractor or subcontractor it hires.

  • Commercial Umbrella Liability Insurance The Contractor shall provide a Commercial Umbrella Liability Insurance to provide excess coverage above the Commercial General Liability, Commercial Business Automobile Liability and the Workers' Compensation and Employers' Liability to satisfy the minimum limits set forth herein. The umbrella coverage shall follow form with the Umbrella limits required as follows: $ 2,000,000 per Occurrence $2,000,000 per Occurrence $ 4,000,000 Aggregate $10,000,000 Aggregate Additional Requirements for Commercial Umbrella Liability Insurance are shown below at Paragraph 1.5.3.3.6.

  • Cooperation and Coordination The Parties acknowledge and agree that it is their mutual objective and intent to minimize, to the extent feasible and legal, taxes payable with respect to their collaborative efforts under this Agreement and that they shall use all commercially reasonable efforts to cooperate and coordinate with each other to achieve such objective.

  • Umbrella Policies Contractor may satisfy basic coverage limits through any combination of basic coverage and umbrella insurance.

  • Builder’s Risk Insurance Contractor shall provide a Builder’s Risk Policy to be made payable to the Owner and Contractor, as their interests may appear. The policy amount should be equal to 100% of the Contract Sum, written on a Builder’s Risk “All Risk”, or its equivalent. The policy shall be endorsed as follows: The following may occur without diminishing, changing, altering or otherwise affecting the coverage and protection afforded the insured under this policy: (i) Furniture and equipment may be delivered to the insured premises and installed in place ready for use; and (ii) Partial or complete occupancy by Owner; and (iii) Performance of work in connection with construction operations insured by the Owner, by agents or lessees or other Contractors of the Owner or Using Agency In the event that the Contract is for renovation, addition or modification of an existing structure and Builders Risk Insurance is not available, the Owner will accept an Installation Floater Insurance Policy with the above endorsements in lieu of the Builders' Risk Insurance Policy. Such floater must insure loss to materials and equipment prior to acceptance by Owner and must be on an ALL RISK BASIS with the policy written on a specific job site.

  • Cooperation of the Parties The Seller undertakes to notify the Buyer of any obstacles on his part, which may negatively influence proper and timely delivery of the Equipment.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!