Common use of Manager Insurance Clause in Contracts

Manager Insurance. The Manager agrees to maintain adequate insurance consistent with the type and amount maintained by the Manager as of the Series 2020-1 Closing Date, subject, in each case, to any adjustments or modifications made in accordance with the Managing Standard. Such insurance shall cover each of the Service Recipients, as an additional insured, to the extent that such Service Recipient has an insurable interest therein. All insurance policies maintained by the Manager on the Series 2020-1 Closing Date are listed on Schedule 2.1(f) hereto.

Appears in 2 contracts

Samples: Canadian Management Agreement (Driven Brands Holdings Inc.), Canadian Management Agreement (Driven Brands Holdings Inc.)

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Manager Insurance. The Manager agrees to maintain adequate insurance consistent with the type and amount maintained by the Manager as of the Series 20202018-1 Closing Date, subject, in each case, to any adjustments or modifications made in accordance with the Managing Standard. Such insurance shall cover each of the Service Recipients, as an additional insured, to the extent that such Service Recipient has an insurable interest therein. All insurance policies maintained by the Manager on the Series 20202018-1 Closing Date are listed on Schedule 2.1(f) hereto.

Appears in 1 contract

Samples: Management Agreement (Driven Brands Holdings Inc.)

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Manager Insurance. The Manager agrees to maintain adequate insurance consistent with the type and amount maintained by the Manager as of the Series 20202018-1 Closing Date, subject, in each case, to any adjustments or modifications made in accordance with the Managing Standard. Such insurance shall cover each of the Service Recipients, as an additional insured, to the extent that such Service Recipient has an insurable interest therein. All insurance policies maintained by the Manager on the Series 20202018-1 Closing Date are listed on Schedule 2.1(f) hereto.

Appears in 1 contract

Samples: Management Agreement (Driven Brands Holdings Inc.)

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