Common use of Insurance to be Carried Clause in Contracts

Insurance to be Carried. (a) The Properties shall be insured by Owner against such hazards as Owner shall deem appropriate. 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 located in such state 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 8 contracts

Samples: Management Agreement (Industrial Logistics Realty Trust Inc.), Management Agreement (Logistics Property Trust Inc.), Management Agreement (Logistics Property Trust Inc.)

AutoNDA by SimpleDocs

Insurance to be Carried. (a) The Properties shall be insured by Owner against such hazards as Owner shall deem appropriate. 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 located in such state 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: Management Agreement (Dividend Capital Total Realty Trust Inc.), Management Agreement (Dividend Capital Total Realty Trust Inc.), Management Agreement (Dividend Capital Inc)

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