Common use of Completed Operations Liability Clause in Contracts

Completed Operations Liability. (e) Products Liability; and (f) Personal Injury (v) Any other insurance required of the Contractor by Lender. The Contractor shall furnish to the Owner and Lender, if any, duplicate policies of insurance as set forth in Subparagraphs (i), (ii), (iii) and (iv) hereof. The coverages described above may be carried by the Contractor under an Owner's Protective Liability Policy with the same limits of coverage, naming Owner, which policy shall be subject to the Owner's reasonable approval. The Owner shall be named as an additional insured on such policies as may be appropriate. Each of such policies shall contain, to the extent customarily obtainable in Massachusetts, a provision to the effect that they may not be canceled except upon ten days' prior written notice to the Owner and Lender. (c) At the time of Closing, and with each requisition, Contractor shall deliver to Owner the following: (i) a duly executed waivers of mechanic's liens signed by each subcontractor which provided labor or materials for the construction of the Facility; (ii) an affidavit to the title insurance company enabling Owner to obtain title insurance coverage insuring the Owner and Lender, if any, against collection as enforcement of mechanics liens against the Premises; (iii) Such other documents or instruments as Owner may reasonably require or as Lender may require of Contractor.

Appears in 1 contract

Sources: Assignment Agreement (Standish Care Co)

Completed Operations Liability. (e) Products Liability; and (f) Personal Injury (v) Any other insurance required of the Contractor by Lender. The Contractor shall furnish to the Owner and Lender, if any, duplicate policies of insurance as set forth in Subparagraphs (i), (ii), (iii) and (iv) hereof. The coverages described above may be carried by the Contractor under an Owner's Protective Liability Policy with the same limits of coverage, naming Owner, which policy shall be subject to the Owner's reasonable approval. The Owner shall be named as an additional insured on such policies as may be appropriate. Each of such policies shall contain, to the extent customarily obtainable in Massachusetts, a provision to the effect that they may not be canceled except upon ten days' prior written notice to the Owner and Lender. (c) At the time of Closing, and with each requisition, Contractor shall deliver to Owner the following: (i) a duly executed waivers of mechanic's liens signed by each subcontractor which provided labor or materials for the construction of the Facility; (ii) an affidavit to the title insurance company enabling Owner to obtain title insurance coverage insuring the Owner and Lender, if any, against collection as enforcement of mechanics mechanic's liens against the Premises; (iii) Such other documents or instruments as Owner may reasonably require or as Lender may require of Contractor.

Appears in 1 contract

Sources: Assignment Agreement (Standish Care Co)

Completed Operations Liability. (e) Products Liability; and (f) Personal Injury (v) Any other insurance required of the Contractor by Lender. The Contractor shall furnish to the Owner and Lender, if any, duplicate policies of insurance as set forth in Subparagraphs (i), (ii), (iii) and (iv) hereof. The coverages described above may be carried by the Contractor under an Owner's Protective Liability Policy with the same limits of coverage, naming Owner, which policy shall be subject to the Owner's reasonable approval. The Owner shall be named as an additional insured on such policies as may my be appropriate. Each of such policies shall contain, to the extent customarily obtainable in Massachusetts, a provision to the effect that they may not be canceled except upon ten days' prior written notice to the Owner and Lender. (c) At the time of Closing, and with each requisition, Contractor shall deliver to Owner the following: (i) a duly executed waivers of mechanic's liens signed by each subcontractor which provided labor or materials for the construction of the Facility; (ii) an affidavit to the title insurance company enabling Owner to obtain title insurance coverage insuring the Owner and Lender, if any, against collection as enforcement of mechanics liens against the Premises; (iii) Such other documents or instruments as Owner may reasonably require or as Lender may require of Contractor.

Appears in 1 contract

Sources: Assignment Agreement (Standish Care Co)