Insurance to be Carried. (a) Manager shall obtain and keep in full force and effect insurance on the Properties against any hazards as Owner and Manager shall deem appropriate, but in any event insurance sufficient to comply with the Leases and Controlling 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, workers’ compensation and employer’s liability insurance applicable to and covering all employees of Manager at the Properties, and Manager shall furnish Owner certificates of insurers evidencing that the 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 the certificate.
Appears in 4 contracts
Samples: Property Management & Real Estate (Behringer Harvard REIT II, Inc.), Property Management & Real Estate (Behringer Harvard REIT II, Inc.), Property Management & Real Estate (Behringer Harvard REIT II, Inc.)
Insurance to be Carried. (a) Manager shall obtain and keep in full force and effect insurance on the Properties against any such hazards as Owner and Manager shall deem appropriate, but in any event insurance sufficient to comply with the Leases and Controlling 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, workers’ compensation and employer’s liability insurance applicable to and covering all employees of Manager at the Properties, and Manager shall furnish Owner certificates of insurers evidencing that the 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 the such a certificate.
Appears in 3 contracts
Samples: Property Management and Leasing Agreement (Behringer Harvard Opportunity REIT II, Inc.), Property Management and Leasing Agreement (Behringer Harvard Opportunity REIT II, Inc.), Property Management and Leasing Agreement (Behringer Harvard Opportunity REIT II, Inc.)
Insurance to be Carried. (a) Manager shall obtain and keep in full force and effect insurance on the Properties against any such hazards as Owner and Manager shall deem appropriate, but in any event insurance sufficient to comply with the Leases and Controlling 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, workers’ compensation and employer’s liability insurance applicable to and covering all employees of Manager at the Properties, and Manager shall furnish Owner certificates of insurers evidencing that the 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 the such a certificate.
Appears in 1 contract
Samples: Property Management and Leasing Agreement (Behringer Harvard Opportunity REIT II, Inc.)
