Common use of MUTUAL WAIVERS Clause in Contracts

MUTUAL WAIVERS. Each party hereto hereby waives any and every claim which arises or which may arise in its favor and against the other party hereto, and such parties’ parent, subsidiaries and Affiliates, during the Term of this Agreement or any extension or renewal thereof for any and all loss of, or damage to, any of its property located within or upon or constituting a part of any Community or resulting from the operations thereof, to the extent that such loss of damage is coverable under an insurance policy or policies and to the extent such policy of policies contain provisions permitting such waiver of claims. Each party shall use all commercially reasonable efforts to cause its insurers to issue policies containing such provisions.