Contractor’s Insurance Obligations. 12.1 The Contractor must, at its cost, effect and maintain during the course of this Contract the following insurances:
Contractor’s Insurance Obligations. Manager shall require all general contractors and all subcontractors retained by the Company and any Subsidiary working at the Project, or any portion thereof, to obtain and maintain at all times during performance of work for the Company or any Subsidiary an occurrence form commercial general liability policy on a primary and non-contributing basis with a minimum of $1,000,000 per occurrence/$1,000,000 annual aggregate, or in such other amounts as may be approved by the Managing Member, on which the Company and any Subsidiary is named as an additional insured. In addition, Manager shall require that the general contractors and all subcontractors retained by the Company and any Subsidiary carry worker’s compensation coverage as required by law. Notwithstanding the foregoing, general contractors and subcontractors retained by the Hotel Manager shall have such insurance as required by the Hotel Manager under the Hotel Management Agreement and the acts or omissions of the Hotel Manager under the Hotel Management Agreement with respect to insurance coverage of general contractors and subcontractors shall not be imputed to the Manager.
Contractor’s Insurance Obligations. Contractor shall maintain, at its sole cost and expense, the following minimum insurance coverages during this Agreement:
Contractor’s Insurance Obligations. The Contractor shall at its expense take out and maintain in effect, or cause to be taken out and maintain in effect during the performance of the Contract, the Contractor's insurances set forth in Clause 47. Provided, however, that at the option of the Purchaser, to be exercised within 30 (thirty) days of the Execution Date, the Purchaser may opt for taking out and maintaining in effect or cause to be taken out or maintain in effect, the Contractor's insurance along with the Purchaser's insurance and in such an event, the premium payable for the Contractor's insurance shall be deducted from the Contract Price by effecting a reduction in Part C Price. The Contractor shall extend to the Purchaser the benefit of the insurance cover under the Professional Indemnity Cover obtained by itself and/or its subcontractors for engineering and/or design of the Works and that such Professional Indemnity Cover shall be for a minimum assured amount of the equivalent of US$ 1 million (United States Dollars One Million Only).
Contractor’s Insurance Obligations. The Contractor shall purchase from and maintain insurance for protection from claims under workers’ compensation acts and other employee benefit acts which are applicable, claims for damages because of bodily injury, including death, and claims for damages, other than to the Work itself, to property which may arise out of or result from the Contractor’s operations under this Agreement, whether such operations be by the Contractor or a Subcontractor or anyone directly or indirectly employed by any of them. This insurance shall be written for not less than limits of liability specified in this Section 34 or required by law, whichever coverage is greater, and shall include contractual liability insurance applicable to the Contractor’s obligations under Sections 23 and 33. Certificates of such insurance shall be filed with the Owner prior to the commencement of the Work.
Contractor’s Insurance Obligations. Contractor shall secure and maintain, at its own expense, throughout the Term of this Agreement the following insurance coverage. Contractor shall provide User with evidence, reasonably satisfactory to the User, of its insurance hereunder, upon request.
Contractor’s Insurance Obligations. Managing Member shall require the Project’s general contractors and all subcontractors to obtain and maintain at all times during performance of work for the Company an occurrence form commercial general liability policy on a primary and non-contributing basis with a minimum of $1,000,000 per occurrence/$2,000,000 annual aggregate per location / project and an umbrella / excess liability in the minimum amount of $5,000,000 per location / project, or in such other amounts as may be approved by the Members, on which the Company is named as an additional insured. In addition, Managing Member shall require that the Project’s general contractors and all subcontractors carry worker’s compensation coverage as required by law, including a waiver of subrogation in favor of the Company.
Contractor’s Insurance Obligations. Managing Member shall require the Project’s general contractors and all subcontractors to obtain and maintain at all times during performance of work for the Company an occurrence form commercial general liability policy on a primary and non-contributing basis with a minimum of $1,000,000 per occurrence/$2,000,000 annual aggregate per location / project and an umbrella / excess liability in the minimum amount of $5,000,000 per location / project, or in such other amounts as may be approved by the Members, on which the Company is named as an additional insured. In addition, Managing Member shall require that the Project’s general contractors and all subcontractors carry worker’s compensation coverage as required by law, including a waiver of subrogation in favor of the Company. (c) D&O Insurance. Managing Member may purchase and maintain insurance on behalf of the executive officers of Managing Member against liability asserted against such person and incurred by such person arising out of such person’s actions on behalf of Managing Member (or any other Member, as applicable) under this Agreement; provided that the cost of such insurance is included in the approved Annual Budget for the applicable year and such coverage is available at commercially reasonable rates. (d)
Contractor’s Insurance Obligations. Managing Member shall require the Project’s general contractors and all subcontractors retained by the Company and any Subsidiary working at the Project, or any portion thereof, to obtain and maintain at all times during performance of work for the Company or any Subsidiary an occurrence form commercial general liability policy on a primary and non-contributing basis with a minimum of $1,000,000 per occurrence/$1,000,000
Contractor’s Insurance Obligations. Managing Member shall require the Property’s general contractors and all subcontractors retained by the Company and any Subsidiary working at the Property, or any portion thereof, to obtain and maintain at all times during performance of work for the Company or any Subsidiary an occurrence form commercial general liability policy with a minimum of $1,000,000 each occurrence/$1,000,000 annual aggregate, or in such other amounts as may be approved by the Co-Managing Member, on which the Company or any Subsidiary is named as an additional insured on a primary and non-contributing basis. In addition, Managing Member shall require that the Property’s general contractors and all subcontractors retained by the Company and any Subsidiary carry workers’ compensation coverage as required by law, and including a waiver of subrogation in favor of the Company.
