Common use of Mutual Waiver of Subrogation Clause in Contracts

Mutual Waiver of Subrogation. Each of Owner and Manager shall waive all rights of subrogation under their insurance policies referred to in this Section 11.6 and such waiver of subrogation shall not affect the effective date of coverage of such policies and Manager shall obtain an endorsement for policies required pursuant to Sections 11.2 and 11.3, except as expressly set forth herein, if necessary to confirm that the waiver of subrogation herein granted shall in no manner affect the coverage of such policies.

Appears in 9 contracts

Samples: Property Management Agreement (Aimco OP L.P.), Property Management Agreement (Aimco OP L.P.), Management Agreement (Aimco OP L.P.)

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Mutual Waiver of Subrogation. Each of Owner and Manager shall waive all rights of subrogation under their insurance policies referred to in this Section 11.6 8 and such waiver of subrogation shall will not affect the effective date of coverage of such policies and each of Owner and Manager shall will obtain an endorsement for policies required pursuant to Sections 11.2 and 11.3, except as expressly set forth hereinendorsement, if necessary to confirm that the waiver of subrogation herein granted shall will in no manner affect the coverage of such policies.

Appears in 1 contract

Samples: Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.)

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