Common use of Insurance by Owner Clause in Contracts

Insurance by Owner. Owner, at its expense, will obtain and keep in force adequate insurance against physical damage (e.g., fire and extended coverage endorsement, boiler, and machinery, etc.) and not less than $5,000,000 Occurrence and Aggregate general liability insurance against liability for loss, damage, or injury to property or persons which might arise out of the occupancy, management, operating, or maintenance of the Property covered by this Agreement. Property Manager will be covered as an insured in its capacity as a Real Estate Manager on all commercial general liability insurance obtained by Owner. Owner shall save Property Manager harmless from any liability on account of loss, damage, or injury, to the extent actually insured against by Owner provided:

Appears in 7 contracts

Samples: Property Management Agreement (Dividend Capital Total Realty Trust Inc.), Property Management Agreement (Dividend Capital Total Realty Trust Inc.), Property Management Agreement (Dividend Capital Total Realty Trust Inc.)

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Insurance by Owner. Owner, at its expense, will obtain and keep in force adequate “All Risks” insurance or its equivalent in such amounts as determined appropriate by Owner, insuring against physical damage (e.g., fire and extended coverage endorsement, boiler, and machinery, etc.) and not less than $5,000,000 Occurrence and Aggregate general liability insurance against liability for loss, damage, or injury to property or persons which might arise out of the occupancy, management, operating, or maintenance of the Property property covered by this Agreement. Property Manager will be covered as an insured in its capacity as a Real Estate Manager real estate manager on all commercial general liability insurance obtained by Owner. Owner shall save Property Manager harmless from any liability on account of loss, damage, or injury, to the extent actually insured against by Owner provided:

Appears in 1 contract

Samples: Property Management Agreement (Dividend Capital Total Realty Trust Inc.)

Insurance by Owner. Owner, at its expense, Owner will obtain and keep in force (or cause to be obtained and kept in force) adequate insurance against physical damage (e.g., fire and extended coverage endorsement, boiler, and machinery, etc.) and not less than $5,000,000 Occurrence and Aggregate general liability insurance against liability for loss, damage, or injury to property or persons which might arise out of the occupancy, management, operating, or maintenance of the Property covered by this Agreement. Property Manager will be covered as an insured in its capacity as a Real Estate Manager on all commercial general liability insurance obtained by Owner. Owner shall save Property Manager harmless from any liability on account of loss, damage, or injury, to the extent actually insured against by Owner provided:

Appears in 1 contract

Samples: Property Management Agreement (Dividend Capital Total Realty Trust Inc.)

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Insurance by Owner. Owner, at its expense, will obtain and keep in force adequate insurance against physical damage (e.g., fire and extended coverage endorsement, boiler, and machinery, etc.) and not less than $5,000,000 Occurrence and Aggregate general liability insurance against liability for loss, damage, or injury to property or persons which might arise out of the occupancy, management, operating, or maintenance of the Property covered by this Agreement. Property Manager will be covered as an insured in its capacity as a Real Estate Manager on all commercial general liability insurance obtained by Owner. Owner shall save Property Manager harmless from any liability on account of loss, damage, or injury, to the extent actually insured against by Owner injury provided:

Appears in 1 contract

Samples: Property Management Agreement (Dividend Capital Total Realty Trust Inc.)

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