Common use of Insurance to be Carried Clause in Contracts

Insurance to be Carried. (a) The Manager shall obtain and keep in full force and effect insurance on the Properties against such hazards as the Owner and the Manager shall deem appropriate, but in any event, insurance sufficient to comply with the leases and the Ownership Agreements shall be maintained. All liability policies shall provide sufficient insurance satisfactory to both the Owner and the Manager and shall contain waivers of subrogation for the benefit of the Manager. (b) The Manager shall obtain and keep in full force and effect, in accordance with the laws of the state in which each Property is located, employer’s liability insurance applicable to and covering all employees of the Manager at the Properties and all persons engaged in the performance of any work required hereunder, and the Manager shall furnish the Owner certificates of insurers naming the Owner as a co-insured and evidencing that such insurance is in effect. If any of the Manager’s duties hereunder are subcontracted as permitted under Section 2.6, the Manager shall include in each subcontract a provision that the subcontractor shall also furnish the Owner with such a certificate.

Appears in 25 contracts

Samples: Property Management and Leasing Agreement (American Finance Trust, Inc), Management Agreement (Carter Validus Mission Critical REIT II, Inc.), Property Management & Real Estate (American Realty Capital New York City REIT, Inc.)

AutoNDA by SimpleDocs

Insurance to be Carried. (a) The Manager shall obtain and keep in full force and effect insurance on the Properties against such hazards as the Owner and the Manager shall deem appropriate, but in any event, event insurance sufficient to comply with the leases Leases and the Ownership Agreements shall be maintained. All liability policies shall provide sufficient insurance satisfactory to both the Owner and the Manager and shall contain waivers of subrogation for the benefit of the Manager. (b) The Manager shall obtain and keep in full force and effect, in accordance with the laws of the state in which each Property is located, employer’s 's liability insurance applicable to and covering all employees of the Manager at the Properties and all persons engaged in the performance of any work required hereunder, and the Manager shall furnish the Owner certificates of insurers naming the Owner as a co-insured and evidencing that such insurance is in effect. If any of the Manager’s duties hereunder are work under this Management Agreement is subcontracted as permitted under Section 2.6herein, the Manager shall include in each subcontract a provision that the subcontractor shall also furnish the Owner with such a certificate.

Appears in 22 contracts

Samples: Property Management and Leasing Agreement (Behringer Harvard Mid Term Value Enhancement Fund I Lp), Property Management and Leasing Agreement (Behringer Harvard Reit I Inc), Property Management and Leasing Agreement (Behringer Harvard Reit I Inc)

Insurance to be Carried. (a) The Manager shall obtain and keep in full force and effect insurance on the Properties against such hazards as the Owner and the Manager shall deem appropriate, but in any event, event insurance sufficient to comply with the leases Leases and the Ownership Agreements shall be maintained. All liability policies shall provide sufficient insurance satisfactory to both the Owner and the Manager and shall contain waivers of subrogation for the benefit of the Manager. (b) The Manager shall obtain and keep in full force and effect, in accordance with the laws of the state in which each Property is located, employer’s liability insurance applicable to and covering all employees of the Manager at the Properties and all persons engaged in the performance of any work required hereunder, and the Manager shall furnish the Owner certificates of insurers naming the Owner as a co-insured and evidencing that such insurance is in effect. If any of the Manager’s duties hereunder are work under this Management Agreement is subcontracted as permitted under Section 2.6herein, the Manager shall include in each subcontract a provision that the subcontractor shall also furnish the Owner with such a certificate.

Appears in 15 contracts

Samples: Property Management and Leasing Agreement (Behringer Harvard Opportunity REIT I, Inc.), Master Modification Agreement (Behringer Harvard Reit I Inc), Property Management and Leasing Agreement (Carter Validus Mission Critical REIT, Inc.)

Insurance to be Carried. (a) The Manager shall obtain and keep in full force and effect insurance on the Properties against such hazards as the Owner and the Manager shall deem appropriate, but in any event, insurance sufficient to comply with the leases and the Ownership Agreements shall be maintained. All liability policies shall provide sufficient insurance satisfactory to both the Owner and the Manager and shall contain waivers of subrogation for the benefit of the Manager. (b) The Manager shall obtain and keep in full force and effect, in accordance with the laws of the state in which each Property is located, employer’s liability insurance applicable to and covering all employees of the Manager at the Properties and all persons Persons engaged in the performance of any work required hereunder, and the Manager shall furnish the Owner certificates of insurers naming the Owner as a co-insured and evidencing that such insurance is in effect. If any of the Manager’s duties hereunder are subcontracted as permitted under Section 2.6, the Manager shall include in each subcontract a provision that the subcontractor shall also furnish the Owner with such a certificate.

Appears in 7 contracts

Samples: Property Management and Leasing Agreement (American Realty Capital Healthcare Trust III, Inc.), Property Management and Leasing Agreement (American Realty Capital New York City REIT II, Inc.), Property Management & Real Estate (American Realty Capital New York City REIT II, Inc.)

Insurance to be Carried. (ai) The Manager shall obtain and keep in full force and effect insurance on the Properties Project against such hazards as the Owner and the Manager shall deem appropriate, but in any event, event insurance sufficient to comply with the leases and other agreements with respect to the Ownership Project and the Controlling Agreements shall be maintained. All liability policies shall provide sufficient insurance satisfactory to both the Owner and the Manager and shall contain waivers of subrogation for the benefit of the Manager. (bii) The Manager shall obtain and keep in full force and effect, in accordance with the laws of the state in which each Property such Project is located, workers’ compensation and employer’s liability insurance applicable to and covering all employees of the Manager at the Properties Project and all persons engaged in the performance of any work required hereunder, and the Manager shall furnish the Owner certificates of insurers naming the Owner as a co-insured and insurance evidencing that such insurance is in effect. If any of the Manager’s duties hereunder are work under this Agreement is subcontracted as permitted under Section 2.6herein, the Manager shall include in each subcontract a provision that the subcontractor shall also furnish the Owner with such a certificate.

Appears in 7 contracts

Samples: Limited Partnership Agreement (Behringer Harvard Multifamily Reit I Inc), Property Management Agreement (Behringer Harvard Multifamily Reit I Inc), Master Modification Agreement (Behringer Harvard Multifamily Reit I Inc)

Insurance to be Carried. (a) The Manager shall obtain and keep in full force and effect insurance on the Properties against such hazards as the Owner and the Manager shall deem appropriate, but in any event, insurance sufficient to comply with the leases and the Ownership Agreements shall be maintained. All liability policies shall provide sufficient insurance satisfactory to both the Owner and the Manager and shall contain waivers of subrogation for the benefit of the Manager. (b) The Manager shall obtain and keep in full force and effect, in accordance with the laws of the state in which each Property is located, employer’s liability insurance applicable to and covering all employees of the Manager at the Properties and all persons individuals engaged in the performance of any work required hereunder, and the Manager shall furnish the Owner certificates of insurers naming the Owner as a co-insured and evidencing that such insurance is in effect. If any of the Manager’s duties hereunder are subcontracted as permitted under Section 2.6, the Manager shall include in each subcontract a provision that the subcontractor shall also furnish the Owner with such a certificate.

Appears in 2 contracts

Samples: Property Management and Leasing Agreement (American Realty Capital New York City REIT, Inc.), Property Management and Leasing Agreement (American Realty Capital New York City REIT, Inc.)

Insurance to be Carried. (a) The Manager shall obtain and keep in full force and effect insurance on the Properties Property against such hazards as the Owner and the Manager shall deem appropriate, but in any event, insurance sufficient to comply with the leases and the Ownership Agreements shall be maintained. All liability policies shall provide sufficient insurance satisfactory to both the Owner and the Manager and shall contain waivers of subrogation for the benefit of the Manager. (b) The Manager shall obtain and keep in full force and effect, in accordance with the laws of the state in which each Property is located, employer’s liability insurance applicable to and covering all employees of the Manager at the Properties Property and all persons engaged in the performance of any work required hereunder, and the Manager shall furnish the Owner certificates of insurers naming the Owner as a co-co- insured and evidencing that such insurance is in effect. If any of the Manager’s duties hereunder are subcontracted as permitted under Section 2.6, the Manager shall include in each subcontract a provision that the subcontractor shall also furnish the Owner with such a certificate.

Appears in 2 contracts

Samples: Property Management & Leasing Agreement (Healthcare Trust, Inc.), Property Management and Leasing Agreement (Healthcare Trust, Inc.)

AutoNDA by SimpleDocs

Insurance to be Carried. (a) The Manager shall obtain and keep in full force and effect insurance on the Properties against such hazards as the Owner and the Manager shall deem appropriate, but in any event, insurance sufficient to comply with the leases and the Ownership Agreements shall be maintained. All liability policies shall provide sufficient insurance satisfactory to both the Owner and the Manager and shall contain waivers of subrogation for the benefit of the Manager. (b) The Manager shall obtain and keep in full force and effect, in accordance with the laws of the state in which each Property is located, employer’s liability insurance applicable to and covering all employees of the Manager at the Properties and all persons engaged in the performance of any work required hereunder, and the Manager shall furnish the Owner certificates of insurers naming the Owner as a co-co- insured and evidencing that such insurance is in effect. If any of the Manager’s duties hereunder are subcontracted as permitted under Section 2.6, the Manager shall include in each subcontract a provision that the subcontractor shall also furnish the Owner with such a certificate.

Appears in 1 contract

Samples: Property Management and Leasing Agreement (Healthcare Trust, Inc.)

Insurance to be Carried. (a) The Manager shall obtain and keep in full force and effect insurance on the Properties Property against such hazards as the Owner and the Manager shall deem appropriate, but in any event, event insurance sufficient to comply with the leases and Leases, the Ownership Agreements and applicable Loan Documents shall be maintained. All liability policies shall provide sufficient insurance satisfactory to both the Owner and the Manager and shall contain waivers of subrogation for the benefit of the Manager. (b) The Manager shall obtain and keep in full force and effect, at its cost and in accordance with the laws of the state in which each Property is located, employer’s liability insurance applicable to and covering all employees of the Manager at the Properties Property and all persons engaged in the performance of any work required hereunder, and the Manager shall furnish the Owner certificates of insurers naming the Owner as a co-insured and evidencing that such insurance is in effect. If any of the Manager’s duties hereunder are work under this Management Agreement is subcontracted as permitted under Section 2.6herein, the Manager shall include in each subcontract a provision that the subcontractor shall also furnish the Owner with such a certificate.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Carter Validus Mission Critical REIT, Inc.)

Insurance to be Carried. (a) The Manager shall obtain and keep in full force and effect insurance on the Properties Property against such hazards as the Owner and the Manager shall deem appropriate, but in any event, insurance sufficient to comply with the leases and the Ownership Agreements shall be maintained. All liability policies shall provide sufficient insurance satisfactory to both the Owner and the Manager and shall contain waivers of subrogation for the benefit of the Manager. (b) The Manager shall obtain and keep in full force and effect, in accordance with the laws of the state in which each Property is located, employer’s liability insurance applicable to and covering all employees of the Manager at the Properties Property and all persons engaged in the performance of any work required hereunder, and the Manager shall furnish the Owner certificates of insurers naming the Owner as a co-insured and evidencing that such insurance is in effect. If any of the Manager’s duties hereunder are subcontracted as permitted under Section 2.6, the Manager shall include in each subcontract a provision that the subcontractor shall also furnish the Owner with such a certificate.

Appears in 1 contract

Samples: Property Management and Leasing Agreement (American Finance Trust, Inc)

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