Insurance to be Carried. A. Manager shall obtain and keep in full force and effect, or cause to be obtained and kept in full force and effect, at Owner’s expense insurance, unless paid directly by a tenant at a Property, (1) on the Properties and (2) on activities at the properties against such hazards as Owner and Manager shall deem appropriate. In any event, Manager shall procure, for the Properties for which Manager is property manager, insurance sufficient to comply with the Leases and the Ownership Agreements. All liability policies shall provide sufficient insurance satisfactory to both Owner and Manager and shall contain waivers of subrogation for the benefit of Manager and the applicable Owner.
Appears in 5 contracts
Samples: And Construction Management Agreement (Griffin Capital Essential Asset REIT, Inc.), And Construction Management Agreement (Griffin Capital Essential Asset REIT II, Inc.), And Construction Management Agreement (Gc Net Lease Reit, Inc.)
