Common use of Insurance to be Carried Clause in Contracts

Insurance to be Carried. (a) Manager shall obtain and keep in full force and effect insurance on the Properties against such hazards as Owner and 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 Owner and Manager and shall contain waivers of subrogation for the benefit of Manager. (b) 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 Manager at the Properties and all persons engaged in the performance of any work required hereunder, and Manager shall furnish Owner certificates of insurers naming Owner as a co-insured and evidencing that such insurance is in effect. If any work under this Agreement is subcontracted as permitted herein, Manager shall include in each subcontract a provision that the subcontractor shall also furnish Owner with such a certificate.

Appears in 6 contracts

Samples: Asset/Property Management Agreement, Property Management, Leasing and Asset Management Agreement, Property Management & Real Estate (Wells Real Estate Fund Xiv Lp)

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Insurance to be Carried. (a) Manager shall obtain and keep in full force and effect insurance on the Properties against such hazards as Owner and Manager shall deem appropriate, but in any 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 Owner and Manager and shall contain waivers of subrogation for the benefit of Manager. (b) 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 Manager at the Properties and all persons engaged in the performance of any work required hereunder, and Manager shall furnish Owner certificates of insurers naming Owner as a co-insured and evidencing that such insurance is in effect. If any work under this Management Agreement is subcontracted as permitted herein, Manager shall include in each subcontract a provision that the subcontractor shall also furnish Owner with such a certificate.

Appears in 4 contracts

Samples: Management Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc), Management Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc), Management Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc)

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

Appears in 3 contracts

Samples: Management Agreement (Wells Real Estate Fd Xii L P & Wells Real Estate Fd Xiii Lp), Management Agreement (Wells Real Estate Fd Xii L P & Wells Real Estate Fd Xiii Lp), Management Agreement (Wells Real Estate Fund Xiii L P)

Insurance to be Carried. (a) Manager shall obtain and keep in full force and effect insurance on the Properties against such hazards as Owner and Manager shall deem appropriate, but in any 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 Owner and Manager and shall contain waivers of subrogation for the benefit of Manager. (b) 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 Manager at the Properties and all persons engaged in the performance of any work required hereunder, and Manager shall furnish Owner certificates of insurers naming Owner as a co-insured and evidencing that such insurance is in effect. If any work under this Management Agreement is subcontracted as permitted herein, Manager shall include in each subcontract a provision that the subcontractor shall also furnish Owner with such a certificate.

Appears in 2 contracts

Samples: Management Agreement (Orion Multifamily Investment Fund Inc), Property Management and Leasing Agreement (Wells Real Estate Investment Trust Inc)

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

Appears in 2 contracts

Samples: Management Agreement (Wells Real Eastate Investment Trust Inc), Management Agreement (Wells Real Estate Investment Trust Inc)

Insurance to be Carried. (a) Manager shall obtain and keep in full force and effect insurance on the Properties against such hazards as Owner and 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 Owner and Manager and shall contain waivers of subrogation for the benefit of Manager. (b) 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 employers liability insurance applicable to and covering all employees of Manager at the Properties and all persons engaged in the performance of any work required hereunder, and Manager shall furnish Owner certificates of insurers naming Owner as a co-insured and evidencing that such insurance is in effect. If any work under this Agreement is subcontracted as permitted herein, Manager shall include in each subcontract a provision that the subcontractor shall also furnish Owner with such a certificate.

Appears in 2 contracts

Samples: Property Management, Leasing and Asset Management Agreement (Berkeley Income Trust, Inc.), Property Management, Leasing and Asset Management Agreement (Berkeley Income Trust, Inc.)

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Insurance to be Carried. (a) Manager shall obtain and keep in full force and effect insurance on the Properties against such hazards as Owner and Manager shall deem appropriate, but in any 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 Owner and Manager and shall contain waivers of subrogation for the benefit of Manager. (b) 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 Manager at the Properties and all persons engaged in the performance of any work required hereunder, and Manager shall furnish Owner certificates of insurers naming Owner as a co-insured and evidencing that such insurance is in effect. If any work under this Management Agreement is subcontracted as permitted herein, Manager shall include in each subcontract a provision that the subcontractor shall also furnish Owner with such a certificate.

Appears in 1 contract

Samples: Property Management and Leasing Agreement (Behringer Harvard Real Estate Investment Trust I Inc)

Insurance to be Carried. (a) Manager shall obtain and keep in full force and effect insurance on the Properties against such hazards as Owner and 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 Owner and Manager and shall contain waivers of subrogation for the benefit of Manager. (b) 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 Manager at the Properties and all persons engaged in the performance of any work required hereunder, and Manager shall furnish Owner certificates of insurers naming Owner as a co-insured and evidencing that such insurance is in effect. If any work under this Agreement is subcontracted as permitted herein, Manager shall include in each subcontract a provision that the subcontractor shall also furnish Owner with such a certificate.

Appears in 1 contract

Samples: Property Management and Leasing Agreement (Behringer Harvard Opportunity REIT I, Inc.)

Insurance to be Carried. (a) Manager shall obtain and keep in full force and effect insurance on the Properties against such hazards as Owner and 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 Owner and Manager and shall contain waivers of subrogation for the benefit of Manager. (b) 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 Manager at the Properties and all persons engaged in the performance of any work required hereunder, and Manager shall furnish Owner certificates of insurers naming Owner as a co-insured and evidencing that such insurance is in effect. If any work under this Management Agreement is subcontracted as permitted herein, Manager shall include in each subcontract a provision that the subcontractor shall also furnish Owner with such a certificate.

Appears in 1 contract

Samples: Property Management & Leasing Agreement (Wells Real Estate Fund Xiii L P)

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