Owner's Insurance definition
Examples of Owner's Insurance in a sentence
The reasonable costs of all Payment and Performance Bonds and Owner’s Insurance including Builder’s Risk Insurance shall be a reimbursable expense to the Construction Manager by Owner.
Subject to the prior agreement of the Parties and the affected insurers, Owner’s Insurance may be included, at Owner’s cost and responsibility, under one or more policies of Contractor’s Insurance.
The reasonable costs of all Payment and Performance Bonds and Owner’s Insurance including Builder’s Risk Insurance shall be a reimbursable expense to the Contractor by Owner.
The Owner will bear the costs of all Payment and Performance Bonds and Owner’s Insurance including Builder’s Risk Insurance as a reimbursable expense to the Construction Manager.
The Boat Owner shall supply Cedarcroft with a copy of the Boat Owner’s Insurance including liability insurance prior to the time the boat is docked into the slip.
It is required that the Owner name the Manager and/or its assigns as an “Additional Insured” on their Owner’s Insurance Policy.
Owner will furnish Manager with certificate evidencing liability insurance naming the Manager as an additional insured within 15 days after the date of this Agreement and before any managed property is offered for rent or other occupancy; In the event of an assignment of this Agreement by the Manager, Owner agrees to maintain insurance consistent with the terms of this paragraph and will amend its insurance policy naming the assignee as an additional insured on Owner’s Insurance Policy.
Owner’s Insurance shall commence on the Effective Date and shall remain in full force and effect at all times until Substantial Completion, unless required for a longer or shorter period in accordance with Exhibit 13.
Any insurance policy purchased to comply with this Owner’s Insurance section, shall be primary and non-contributory with any other similar insurance carried by Manager.
In accordance with the provisions of Clause 26.5(b)(vii) of the PFA, the Owner shall promptly transfer from the Collection Account and deposit into the Owner’s Insurance Proceeds Account, any and all Insurance Proceeds at any time standing to the credit of the Collection Account.