Common use of Operational Insurance Clause in Contracts

Operational Insurance. Manager shall, commencing with the Effective Date and for the duration of each Inn Term, procure and maintain, using funds deducted from Gross Revenues in determining Operating Profit, with insurance companies approved by Lessee the following insurance:

Operational Insurance. Manager shall, commencing with the Effective Date and for the duration of each Inn Term, procure and maintain, using funds deducted from Gross Revenues in determining Operating Profit, either with insurance companies approved by Lessee and licensed to do business in the state where the respective Inn is located (unless coverage is not available from licensed companies or non-licensed companies provide coverage which a reasonable insurance expert would deem preferable), or by Manager legally qualifying as a workers' compensation self-insurer in the state where the particular Inn is located, the following insurance:

Operational Insurance. Manager shall, commencing with the Effective Date and for the duration of each Inn Term, procure and maintain, using funds deducted from Gross Revenues in determining Operating Profit, either with insurance companies approved by Lessee Owner and licensed to do business in the state where the respective Inn is located (unless coverage is not available from licensed companies or non-licensed companies provide coverage which a reasonable insurance expert would deem preferable), or by Manager legally qualifying as a workers' compensation self-insurer in the state where the particular Inn is located, the following insurance:

Operational Insurance. Manager shall, commencing with the Original Effective Date and for the duration of each Inn Term, procure and maintain, using funds deducted from Gross Revenues in determining Operating Profit, with insurance companies approved of recognized responsibility, or by Lessee Manager legally qualifying as a workers' compensation self-insurer in the state where the particular Inn is located, the following operational insurance: