Common use of Insurance to be Carried Clause in Contracts

Insurance to be Carried. A. Manager shall obtain and keep in full force and effect at Owner's or Owner JV's expense insurance (1) on the Xxxxx' Managed Properties and (2) on activities at the properties against such hazards as Owner and Manager shall deem appropriate. In any event, Manager shall procure, for the Xxxxx' Managed Properties, insurance sufficient to comply with the Leases and the Ownership Agreements. All liability policies shall provide sufficient insurance satisfactory to both Owner and Manager and shall contain waivers of subrogation for the benefit of Manager and the applicable Owner or Owner JV.

Insurance to be Carried. A. Manager shall obtain and keep in full force and effect at Owner's ’s or Owner JV's ’s expense insurance (1) on the Xxxxx' Managed Properties and (2) on activities at the properties against such hazards as Owner and Manager shall deem appropriate. In any event, Manager shall procure, for the Xxxxx' Managed PropertiesProperties for which Manager is property manager, insurance sufficient to comply with the Leases and the Ownership Agreements. All liability policies shall provide sufficient insurance satisfactory to both Owner and Manager and shall contain waivers of subrogation for the benefit of Manager and the applicable Owner or Owner JV.