Common use of Owner Requirements Clause in Contracts

Owner Requirements. Owner agrees to maintain all fonns of insunmce required by law or by any loan requirements for the Properly and as otherwise deemed by Owner to be reasonable and necessary to adequately protect Owner and Manager, including but not limited to public liability insurance, boiler insurance, fire and extended coverage insurance, and burglary and theft insurance. All insurance coverage shall be placed with such companies, in such amounts and with such beneficial interest appcaiing therein as shall be reasonably acceptable to Owner. Public liability insurance shall be maintained in such amounts as Owner determines as commercially reasonable or as otherwise required by its lenders or investors, but in no case in an amount less than $5,000,000. Owner agrees to timely provide evidence of required insurance to Manager, and acknowledges that if evidence of insurance coverage is not timely furnished, Manager may, but shall not be obligated to, obtain such coverage in its capacity as Manager pursuant to this Agreement. Manager shat I be named an additional insured on all Owner obtained insurance. (b)

Owner Requirements. Owner agrees to maintain all fonns of insunmce insurance required by law or by any loan requirements for the Properly Property and as otherwise deemed by Owner to be reasonable and necessary to adequately protect Owner and Manager, including but not limited to public liability insurance, boiler insurance, fire and extended coverage insurance, and burglary and theft insurance. All insurance coverage shall be placed with such companies, in such amounts and with such beneficial interest appcaiing therein appearing theiein as shall be reasonably acceptable to Owner. Public liability insurance shall be maintained in such amounts as Owner determines as commercially reasonable or as otherwise required by its lenders or investors, but in no case in an amount less than $5,000,000. Owner agrees to timely provide evidence of required insurance to Manager, and acknowledges that if evidence of insurance coverage is not timely furnished, Manager may, but shall not be obligated to, obtain such coverage in its capacity as Manager pursuant to this Agreement. Manager shat I shall be named an additional insured on all Owner obtained insurance. (b)

Owner Requirements. Owner agrees to maintain all fonns forms of insunmce insurance required by law or by any loan requirements for the Properly Property and as otherwise deemed by Owner to be reasonable and necessary to adequately protect Owner and Manager, including but not limited to public liability insurance, boiler insurance, fire and extended coverage insurance, and burglary and theft insurance. All insurance coverage shall be placed with such companies, in such amounts and with such beneficial interest appcaiing appearing therein as shall be reasonably acceptable to Owner. Public liability insurance shall be maintained in such amounts as Owner determines detennines as commercially reasonable or as otherwise required by its lenders or investors, but in no case in an amount less than $5,000,000. Owner agrees to timely provide evidence of required insurance to Manager, and acknowledges that if evidence of insurance coverage is not timely furnished, Manager may, but shall not be obligated to, obtain such coverage in its capacity as Manager pursuant to this Agreementon Owner' s behalf. Manager shat I shall be named an additional insured on all Owner obtained insurance. (b)

Owner Requirements. Owner agrees to maintain all fonns forms of insunmce insurance required by law or by any loan requirements for the Properly Prope11y and as otherwise deemed by Owner to be reasonable and necessary to adequately protect Owner and Manager, . including but not limited to public liability insurance, boiler insurance, fire and extended coverage insurance, . and burglary and theft insurance. All insurance coverage shall be placed with such companies, in such amounts and with such beneficial interest appcaiing appearing therein as shall be reasonably acceptable to Owner. Public liability insurance shall be maintained in such amounts as Owner determines as commercially reasonable or as otherwise required by its lenders or investors, but in no case in an amount less than $5,000,0005.000.000. Owner agrees to timely provide evidence of required insurance to Manager, . and acknowledges that if evidence of insurance coverage is not timely furnished, . Manager may, . but shall not be obligated to, obtain such coverage in its capacity as Manager pursuant to this Agreement. Manager shat I shall be named an additional insured on all Owner obtained insurance. (b)

Owner Requirements. Owner agrees to maintain all fonns forms of insunmce insurance required by law or by any loan requirements for the Properly Property and as otherwise deemed by Owner to be reasonable and necessary to adequately protect Owner and Manager, including but not limited to public liability insurance, boiler insurance, fire and extended coverage insurance, and burglary and theft insurance. All insurance coverage shall be placed with such companies, in such amounts and with such beneficial beneficiaJ interest appcaiing appeari..ng therein as shall be reasonably acceptable acc.eptable to Owner. Public liability insurance shall be maintained in such amounts as Owner determines as commercially reasonable or as otherwise required by its lenders or investors, but in no case in an amount less than $5,000,000. Owner Ovmer agrees to timely provide evidence of required insurance to Manager, and acknowledges that if evidence of insurance coverage is not timely furnished, Manager may, but shall not be obligated to, obtain such coverage in its capacity as Manager Manager, pursuant to this Agreement. Manager shat I shall be named an additional insured on all Owner obtained insurance. (b)