Property and Operational Insurance. Management Company shall, commencing with the Effective Date and thereafter during the Term of this Agreement, procure and maintain, either with insurance companies of recognized responsibility or by legally qualifying itself as a self insurer, a minimum of the following insurance:
Appears in 4 contracts
Samples: Management Agreement (Desert Springs Marriott Limited Partnership), Management Agreement (Crestline Capital Corp), Management Agreement (Hospitality Properties Trust)
Property and Operational Insurance. Management Company shall, commencing with the Effective Date and thereafter during the Term term of this Agreement, procure and maintain, either with insurance companies of recognized responsibility or by legally qualifying itself as a self insurer, a minimum of the following insurance:
Appears in 1 contract
Samples: Management Agreement (Hanover Marriott Limited Partnership)
Property and Operational Insurance. A. Management Company shall, commencing with the Effective Date and thereafter during continuing throughout the Term term of this Agreement, procure and maintain, either as a Deduction, with insurance companies of recognized responsibility reasonably acceptable to Owner, Licensor, and any Qualified Lender, or by legally qualifying itself as a self insurer, a minimum of the following insurance:
Appears in 1 contract
Property and Operational Insurance. A. Management Company shall, commencing with the Effective Management Commencement Date and thereafter during continuing throughout the Term term of this Agreement, procure and maintain, either as a Deduction, with insurance companies of recognized responsibility reasonably acceptable to Owner or by legally qualifying itself as a self insurer, a minimum of the following insuranceinsurance to the extent reasonably commercially available:
Appears in 1 contract
Samples: Stock Purchase and Rights Agreement (Sandalwood Lodging Investment Corp)
Property and Operational Insurance. A. Management Company shall, commencing with the Effective Management Commencement Date and thereafter during continuing throughout the Term of this Agreement, procure and maintain, either as an Operating Expense, with insurance companies of recognized responsibility reasonably acceptable to Owner or by legally qualifying itself as a self insurer, a minimum of the following insuranceinsurance to the extent reasonably commercially available:
Appears in 1 contract
Samples: Management Agreement (American Realty Capital Hospitality Trust, Inc.)
