Insurance to be Carried. 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.
Appears in 4 contracts
Samples: Management Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Management Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Management Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.)
