Property Manager’s Insurance Sample Clauses

Property Manager’s Insurance. Property Manager shall maintain, at its expense, insurance coverages in the following amounts: (i) Worker’s Compensation – Coverage A: statutory amount Coverage B: Employer’s Liability insurance: $500,000 Each Accident $500,000 Disease, Policy Limit $500,000 Disease, Each Employee Worker’s Compensation policy shall include a waiver of all rights of subrogation against Owner for injuries sustained by Property Manager’s employees while working at any Property. (ii) Commercial General Liability, on an occurrence basis, including Bodily Injury and Property Damage Liability, Personal and Advertising Injury Liability for the following limits: General Aggregate $ 2,000,000 Products - Completed Operations Aggregate $ 2,000,000 Each Occurrence $ 1,000,000 Personal and Advertising Injury Liability $ 1,000,000 Initials: PM Owner Property Manager’s Commercial General Liability policy shall (i) be secondary, excess and non-contributory to Owner’s commercial general liability insurance provided in Section 7(a) of this Agreement, and (ii) an endorsement deleting the contractual liability exclusion contained in the Personal and Advertising Injury Liability coverage (iii) Owned, Hired and Non-Owned Business Automobile liability insurance in an amount no less than $1,000,000 per accident Combined Single Limit for bodily injury and property damage (iv) Property Manager’s Errors & Omissions Insurance in an amount not less than $1,000,000 per loss, aggregate. (v) Employee Theft Insurance in an amount not less than $1,000,000. Employee Theft Insurance policy shall be endorsed to name Owner as a loss payee and to provide coverage for theft of Owner’s money, securities and other property by employees of Property Manager. (vi) Property Insurance coverage for personal property of Property Manager. All coverage shall be provided by insurance companies with a current Best’s Rating of A VIII or higher. At the commencement of the Agreement, Property Manager shall furnish Owner with Certificates of Insurance. All insurance policies shall provide for 30 days’ written notice to Owner prior to the cancellation or any material change to any provisions therein. Certificates of Insurance shall be modified so the words “endeavor to”, “but failure to mail such notice shall impose no obligation or liability of any kind upon the company, its agents or representatives”, and all provisions of similar effect shall be deleted from the certificate form’s cancellation provision. At least ten (10) days ...
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Property Manager’s Insurance. Property Manager shall maintain, at its expense, insurance coverages in the following amounts: (i) Worker’s Compensation – Coverage A: statutory amount Coverage B: Employer’s Liability insurance: $500,000 Each Accident $500,000 Disease, Policy Limit $500,000 Disease, Each Employee (ii) Commercial General Liability, on an occurrence basis, including Bodily Injury and Property Damage Liability, Personal and Advertising Injury Liability for the following limits: General Aggregate $ 2,000,000 Products - Completed Operations Aggregate $ 2,000,000 Each Occurrence $ 1,000,000 Personal and Advertising Injury Liability $ 1,000,000 (iii) Owned, Hired and Non-Owned Business Automobile liability insurance in an amount no less than $1,000,000 per accident Combined Single Limit for bodily injury and property damage (iv) Property Manager’s Errors & Omissions Insurance in an amount not less than $1,000,000 per loss, aggregate. (v) Employee Theft Insurance in an amount not less than $1,000,000. Employee Theft Insurance policy shall provide coverage for theft of Owner’s money, securities and other property by employees of Property Manager. (vi) Property Insurance coverage for personal property of Property Manager. All coverage shall be provided by insurance companies with a current Best’s Rating of A VIII or higher. At the commencement of the Agreement, Property Manager shall furnish Owner with Certificates of Insurance. All insurance policies shall provide for 30 days’ written notice to Owner prior to the cancellation or any material change to any provisions therein. Certificates of Insurance shall be modified so the words “endeavor to”, “but failure to mail such notice shall impose no obligation or liability of any kind upon the company, its agents or representatives”, and all provisions of similar effect shall be deleted from the certificate form’s cancellation provision. At least ten (10) days prior to the expiration of any such policy, Property Manager will provide to Owner evidence of the renewal or replacement of the aforesaid policies.
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Property Manager’s Insurance. Property Manager shall maintain, at its expense, insurance coverages in the following amounts: (i) Worker’s Compensation – Coverage A: statutory amount Coverage B: Employer’s Liability insurance: $500,000 Each Accident $500,000 Disease, Policy Limit $500,000 Disease, Each Employee Worker’s Compensation policy shall include an Alternate Employers Endorsement WC 00 03 01 naming Property Owner as Alternate Employer for injuries occurring at “Property” (ii) Commercial General Liability, on an occurrence basis, including Bodily Injury and Property Damage Liability, Personal and Advertising Injury Liability for the following limits: General Aggregate $ 2,000,000 Products - Completed Operations Aggregate $ 2,000,000 Each Occurrence $ 1,000,000 Personal and Advertising Injury Liability $ 1,000,000 Initials: PM /s/ RY Owner Property manager’s Commercial General Liability policy shall include Real Estate Property Managed Endorsement: CG 22 70 11 85 and an endorsement deleting the contractual liability exclusion contained in the Personal and Advertising Injury Liability coverage (iii) Owned, Hired and Non-Owned Business Automobile liability insurance in an amount no less than $1,000,000 per accident Combined Single Limit for bodily injury and property damage (iv) Property Manager’s Errors & Omissions Insurance in an amount not less than $1,000,000 per loss, aggregate. (v) Employee Theft Insurance in an amount not less than $1,000,000. Employee Theft Insurance policy shall be endorsed to name Owner as Additional Insured and to provide coverage for theft of Owner’s money, securities and other property by employees of Property Manager. (vi) Property Insurance coverage for personal property of Property Manager. All coverage shall be provided by insurance companies with a current Best’s Rating of A VIII or higher. At the commencement of the Agreement, Property Manager shall furnish Owner with Certificates of Insurance. All insurance policies shall provide for 30 days’ written notice to Owner prior to the cancellation or any material change to any provisions therein. Certificates of Insurance shall be modified so the words “endeavor to”, “but failure to mail such notice shall impose no obligation or liability of any kind upon the company, its agents or representatives”, and all provisions of similar effect, shall be deleted from the certificate form’s cancellation provision. At least ten (10) days prior to the expiration of any such policy, Property Manager will provide to...
Sample 1
Property Manager’s Insurance. Servicer shall cause each Property Manager to maintain Worker’s Compensation Insurance in at least the amounts required in the state where the REO Property is located; Employer’s Liability Insurance with liability limits of not less than five hundred thousand dollars ($500,000); Comprehensive General Liability Insurance with liability limits of not less than five million dollars ($5,000,000) combined single limit for bodily injury, personal injury and property damage as a result of any one occurrence, including blanket Contractual Liability (specifically insuring the indemnity provisions in Section 6.05 above) and Broad Form Property Damage coverage; Errors & Omissions Insurance with liability limits not less than five million dollars ($5,000,000); and Automobile Insurance (comprehensive form) covering Property Manager’s vehicles with liability limits of not less than one million dollars ($1,000,000) combined single limit for bodily injury, personal injury and property damage as a result of any one occurrence. Servicer also shall cause each Property Manager to obtain a Fidelity Bond in the amount of five hundred thousand dollars ($500,000) to cover dishonest acts of Property Manager’s employees. Servicer shall cause each Property Manager to furnish Servicer and Owner with Certificates of Insurance for required coverage, naming Owner (and any other party Owner may designate) as an additional named insured, and stipulating that insurance will not be reduced or cancelled without thirty (30) days prior written notice to Owner. The provisions of Sections 6.02 and 6.05 shall survive for a period of one year after the termination of this Agreement.
Sample 1
Property Manager’s Insurance. Property Manager will maintain in full force and effect at the expense of Property Manager, insurance policies with respect to the employees of Property Manager satisfactory to Owner issued by insurance companies which have an A.M. Best General Policyholder's Service rating of not less than "A-VIII" which are licensed in the state in which the Property is located and which are otherwise satisfactory to Owner. Such policies shall provide the following coverage: (1) Worker's compensation and employer's liability insurance subject to the statutory limits of the state in which the Property is located, provided that Property Manager shall be reimbursed by Owner for the costs of such coverage to the extent provided for in the Business Plan; (2) Comprehensive crime coverage (including fidelity, forgery, alteration and counterfeiting and computer crime) in an amount not less than $2,000,000 per each occurrence; (3) Commercial general and umbrella liability insurance, written on an occurrence basis, in an amount not less than $10,000,000; and (4) Professional liability insurance with an annual limit not less than $5,000,000 per occurrence and in the aggregate with an extended period of indemnity. Such insurance policy shall survive the term of this Agreement for a minimum two (2) year period following the termination of this Agreement. Property Manager shall also obtain all insurance coverages applicable to it necessary to satisfy the requirements of any Applicable Loan. Notwithstanding the foregoing, Property Manager shall not be required to maintain the stated amounts of, or the types of, insurance coverage required of Property Manager hereunder if such deviation shall have been approved by Owner, such approval not to be unreasonably withheld, conditioned or delayed.
Sample 1
Property Manager’s Insurance. Property Manager, throughout the term of this Agreement, shall maintain in full force and effect, and at its cost, the following kinds of insurance, covering its performance of its obligations of the Property:
Sample 1
Property Manager’s Insurance 
Sample 1
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Related to Property Manager’s Insurance

  • Manager’s Insurance If requested by Owner at any time during the Term, Manager (as a reimbursable expense under this Agreement) and any independent contractors employed by Manager (at such contractor's expense) shall maintain in full force and effect commercial general liability, workers' compensation, employer's liability and such other insurance as Owner may reasonably require with such limits as are customary for managers of similar first class projects in the area.

  • Owner’s Insurance Owner agrees to carry public liability, elevator liability and contractual liability insurance (specifically insuring the indemnity provisions contained in Section 10.1 above), and such other insurance as the parties agree to be necessary or desirable for the protection of the interests of Owner and Manager, which may be provided through an umbrella policy. In each such policy of insurance, Owner shall designate Manager as a party insured with Owner and the carrier and the amount of coverage in each policy shall be mutually agreed upon by Owner and Manager. A certificate of each policy issued by the carrier shall be delivered promptly to Manager by Owner. All policies shall provide for 30 days' written notice to Manager and Owner prior to cancellation, non-renewal or material amendment.

  • Contractor’s Insurance 27.1 The Contractor shall procure and maintain at all times it performs any portion of the Services the following insurance with minimum limits equal to the amount indicated below.

  • Renter’s Insurance (check one)

  • Subcontractors’ Insurance If a part of the Agreement is to be sublet, the Consulting Engineer/Architect shall either: a. Cover all subcontractors in its insurance policies, or b. Require each subcontractor not so covered to secure insurance which will protect subcontractor against all applicable hazards or risks of loss as and in the minimum amounts designated. Whichever option is chosen, Consulting Engineer/Architect shall indemnify and hold harmless the City as to any and all damages, claims or losses, including attorney's fees, arising out of the acts or omissions of its subcontractors.

  • Property Insurance Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term “extended coverage,” and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Xxxxxx’s right to disapprove Borrower’s choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-time charge for flood zone determination, certification and tracking services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender’s option and Xxxxxxxx’s expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower’s equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Xxxxxx under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by Xxxxxx and renewals of such policies shall be subject to Xxxxxx’s right to disapprove such policies, shall include a standard mortgage clause, and shall name Xxxxxx as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Xxxxxx as mortgagee and/or as an additional loss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Xxxxxxxx. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender’s security is not lessened. During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until Xxxxxx has had an opportunity to inspect such Property to ensure the work has been completed to Lender’s satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender’s security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Xxxxxxxx abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Xxxxxxxx does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Xxxxxx may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower’s rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower’s rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due.

  • Lessor’s Insurance The Lessor, the Indenture Trustee or the Owner Participant may insure the Airframe or any Engine at its own cost and expense, including insuring the Aircraft for amounts in excess of the Stipulated Loss Value of the Aircraft, provided that any insurance so maintained by the Lessor, the Indenture Trustee or the Owner Participant shall not result in a reduction of coverage or amounts payable under insurance required or permitted to be maintained by the Lessee under this Article 13 or increase the cost to the Lessee of maintaining such insurance; provided further, that any insurance policies of the Lessor, the Indenture Trustee or the Owner Participant insuring the Airframe or any Engine shall provide for a release to the Lessee of any and all salvage rights in and to the Airframe or any Engine.

  • FDIC Insurance For any deposit accounts you open, the FDIC requires Bank to disclose, and you hereby acknowledge, that deposits held by Evolve Bank & Trust are insured up to $250,000 federal deposit insurance limit, per depositor for each ownership category.

  • Railroad Protective Liability Insurance with policy limits of not less than « » ($ « » ) per claim and « » ($ « » ) in the aggregate, for Work within fifty (50) feet of railroad property.

  • Landlord’s Insurance Landlord shall carry at all times during the Term of this Lease (i) commercial general liability insurance with respect to the Buildings in an amount not less than $10,000,000.00 combined single limit per occurrence, (ii) insurance against loss or damage with respect to the Complex covered by the so-called "all risk" type insurance coverage with customary exceptions in an amount equal to one hundred percent (100%) of the replacement value of all improvements within the Complex and (iii) loss of "rental value" insurance in an amount equal to not less than the Annual Fixed Rent and payments on account of Operating Expenses Allocable to the Premises and Landlord's Tax Expenses Allocable to the Premises payable by Tenant under this Lease for not less than a one (1) year period (with a customary deductible). Landlord may also maintain such other insurance as may from time to time be required by a mortgagee holding a mortgage lien on the Buildings. Further, Landlord may also maintain such insurance against loss of annual fixed rent and additional rent and such other risks and perils as Landlord deems proper. Any and all such insurance (x) may be maintained under a blanket policy affecting other properties of Landlord and/or its affiliated business organizations, (y) may be written with deductibles as reasonably determined by Landlord (which such deductible is currently $25,000.00) and (z) shall be subject to reimbursement in accordance with Section 2.6. Nothing contained herein shall be construed so as to require Landlord to maintain terrorism or environmental pollution liability insurance (it being acknowledged, however, that Landlord does in fact maintain such coverages as of the date of this Lease); provided, however, that in the event the Landlord originally named herein shall sell, transfer, assign, conveyor ground lease its interest in the Complex to an unaffiliated third party, such new owner and any subsequent party succeeding to the original Landlord's interest as Landlord under this Lease shall not be entitled to charge to Tenant at any time during the Term as part of Operating Expenses Allocable to the Premises any costs of terrorism or environmental pollution liability insurance in excess of one hundred ten percent (110%) of the costs being paid by Tenant on account of such coverages during the last full calendar year immediately prior to the conveyance by the original named Landlord.

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