Owner’s Insurance. Owner shall cause to be placed and kept in force, at Owner's expense, the insurance itemized in EXHIBIT "D" attached hereto and made a part thereof. Manager is authorized to settle any and all claims against insurance companies not in excess of $2,500.00, including the execution of proofs of loss. If the claim is greater than $2,500.00, Manager shall not act without the approval of Owner.
Appears in 10 contracts
Samples: Management and Leasing Agreement (Education Realty Trust, Inc.), Management and Leasing Agreement (Education Realty Trust, Inc.), Management and Leasing Agreement (Education Realty Trust, Inc.)