Common use of Insurance Provisions Clause in Contracts

Insurance Provisions. Owner shall include, in its hazard policy covering the Project, personal property, fixtures and equipment located thereon, and Manager shall include in any fire policies for its furniture, furnishings or fixtures situated at the Project, appropriate clauses pursuant to which the respective insurance carriers shall waive all rights of subrogation with respect to losses payable under such policies. If such clauses are available and obtained in the respective insurance policies of Owner and Manager, each of Owner and Manager waive any claim against the other covered by their respective aforementioned policies of insurance.

Appears in 18 contracts

Samples: Pledge and Security Agreement (MPG Office Trust, Inc.), Management and Leasing Agreement (Younan Properties Inc), Management and Leasing Agreement (Younan Properties Inc)

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Insurance Provisions. Each Owner shall include, in its hazard policy covering the Project, Property of such Owner and any personal property, fixtures and equipment located thereon, and Manager shall include in any fire policies for its furniture, furnishings or fixtures situated at the Projectsuch Property, appropriate clauses pursuant to which the respective insurance carriers shall waive all rights of subrogation with respect to losses payable under such policies. If such clauses are available and obtained in the respective insurance policies of an Owner and Manager, each of such Owner and Manager waive any claim against the other covered by their respective aforementioned policies of insurance.

Appears in 1 contract

Samples: Limited Liability Company Agreement (MPG Office Trust, Inc.)

Insurance Provisions. Owner shall include, in its hazard policy covering the Project, personal property, fixtures and equipment located thereontherein, and Manager shall include in any fire policies for its furniture, furnishings or fixtures situated at the Project, appropriate clauses pursuant to which the respective insurance carriers shall waive all rights of subrogation with respect to losses payable under such policies. If such clauses are available and obtained in the respective insurance policies of Owner and Manager, each of Owner and Manager waive any claim claims against the other covered by their respective aforementioned policies of insurance.

Appears in 1 contract

Samples: Contribution Agreement (Maguire Properties Inc)

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Insurance Provisions. Owner shall include, in its hazard policy covering the Project, personal property, fixtures and equipment located thereon, and Manager shall include in any fire policies for its furniture, furnishings or fixtures situated at the Project, appropriate clauses pursuant to which the respective insurance carriers shall waive all rights of subrogation with respect to losses payable under such policies. If such clauses are available and obtained in the respective insurance policies of Owner and ManagerManger, each of Owner and Manager waive any claim against the other covered by their respective aforementioned policies of insurance.

Appears in 1 contract

Samples: Management and Leasing Agreement (Maguire Properties Inc)

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