Manager's Liability Insurance. Manager shall cause to be placed and kept in force during the term of this Agreement, at its sole cost and expense, commercial general liability insurance per location with no less than $2,000,000 bodily injury per person, $3,000,000 per occurrence and $500,000 property damage or $3,000,000 combined single limit. The policies shall be issued by companies of recognized financial standing authorized to issue such insurance in the state where the Property is located, and shall name the Owner as an additional insured.
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Samples: Property Management Agreement (Balcor Realty Investors 86 Series I), Property Management Agreement (Balcor Realty Investors 84), Property Management Agreement (Balcor Realty Investors 85 Series Iii)
Manager's Liability Insurance. Manager shall cause to be placed and kept in force during the term of this Agreement, at its sole cost and expense, comprehensive general commercial general liability insurance per location with no less than $2,000,000 bodily injury 1,000,000.00 per person, $3,000,000 /per occurrence and $500,000 property damage or $3,000,000 combined single limitoccurrence. The policies shall be issued by companies of recognized financial standing authorized to issue such insurance in the state where the Property Project is located, and shall name the Owner as an additional insured.
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