Operational Insurance Sample Clauses

Operational Insurance. (a) Workers’ compensation and employer’s liability insurance as may be required under Legal Requirements and as Manager may deem reasonably prudent covering all of Manager’s employees at the Premises, with such deductible limits or self-insured retentions as may be reasonably established from time to time by Manager; (b) Fidelity bonds, with limits and deductibles as may be reasonably requested by Lessee, covering Manager’s employees in job classifications normally bonded under prudent hotel management practices in the United States or otherwise required by law; and (c) Such other insurance in amounts as Manager in its reasonable judgment deems advisable for its protection against claims, liabilities and losses arising out of or connected with its performance under this Agreement, and otherwise consistent with the costs allocated therefor in the Annual Operating Budget.

Operational Insurance. (a) Workers’ compensation and employer’s liability insurance as may be required under Legal Requirements and as Manager may deem reasonably prudent covering all of Manager’s employees at the Premises, with such deductible limits or self-insured retentions as may be reasonably established from time to time by Manager and agreed to be Lessee; (b) Fidelity bonds, with limits and deductibles as may be reasonably requested by Lessee, covering Manager’s employees in job classifications normally bonded under prudent project/construction management practices in the United States or otherwise required by law; and (c) Professional errors and omissions coverage in an amount of not less than $1,000,000 per claim which shall include coverage for attorney’s fees and investigation. Such policy shall cover claims arising out of negligent errors or omissions during performance of the services. The retroactive date of the policy must be shown on the certificate of insurance and must be prior to the date of the agreement. If the coverage is cancelled or not renewed and not replaced with another policy with a retroactive date that precedes the date of this agreement, the Manager must provide extended reporting period coverage for a minimum of two (2) years after completion of this agreement or the work on the former policy. Manager shall keep such insurance in force during the course of this agreement and for a period of not less than two (2) years after the date of substantial completion of the work in accordance with the terms of this Agreement. Manager shall require its sub-consultants to provide the same professional liability insurance coverage, unless otherwise agreed by Lessee in writing; and (d) Such other insurance in amounts as Lessee in its reasonable judgment deems advisable for its protection against claims, liabilities and losses arising out of or connected with its performance under this Agreement.

Operational Insurance. 18 6.03 Coverage......................................................................................18 6.04

Operational Insurance. 69 12.03 Coverage.........................................................70 12.04 Cost and Expense.................................................70 12.05

Operational Insurance. Compensation and employer’s liability insurance as may be required under Applicable Laws covering all of the Hotel Employees, with such deductible limits in an amount not to exceed $25,000 and waiver of subrogation in favor of Owner will be procured and maintained by the Manager.

Operational Insurance. Manager shall, commencing with the Effective Date and for the duration of the Term, procure and maintain, using funds deducted from Gross Revenues in determining Operating Profit, with insurance companies approved by Owner the following insurance:

Operational Insurance. 32 13.5 Blanket and Self-Insurance....................................... 33 13.6

Operational Insurance. (a) Workers’ compensation and employer’s liability insurance as may be required under Legal Requirements and as Manager may deem reasonably prudent covering all of Manager’s employees at the Premises, with such deductible limits or self-insured retentions as may be reasonably established from time to time by Manager; (b) Fidelity bonds, or dishonest employee insurance with limits and deductibles as may be reasonably requested by Lessee, covering Manager’s employees in job classifications normally bonded under prudent hotel management practices in the United States or otherwise required by law; and (c) Such other insurance in amounts as Manager in its reasonable judgment deems advisable for its protection against claims, liabilities and losses arising out of or connected with its performance under this Agreement, and otherwise consistent with the costs allocated therefor in the Annual Operating Budget.

Operational Insurance. Tenant shall, at its own expense, --------------------- commencing with the Commencement Date and continuing throughout the Term, procure and maintain operational insurance with reputable insurance companies of recognized responsibility; provided, however, that with respect to the first One Million Dollars ($1,000,000) of coverage required by this Section such coverage shall be obtained from insurance companies authorized to do business in the United States with a rating of no less than A-VII by A.M. Best. All other coverage shall be obtained from one or more insurance companies with an A.M. Best rating of no less than B+V with respect to domestic insurance companies or of at least comparable standing if a foreign-based insurer. Operational insurance required herein shall have the following minimum coverage: (a) comprehensive or commercial general liability insurance against claims for death, bodily injury, or property damage occurring on, in or about the Premises, and automobile liability insurance on vehicles operated in conjunction with the Premises with a combined single limit of not less than One Hundred Million Dollars ($100,000,000) per occurrence or such other amounts, with Landlord's consent, that may from time to time be more prudent in light of then current practices with respect to insurance costs and premiums. (b) such other insurance as Tenant in its reasonable judgment deems advisable for protection against claims, liabilities and losses arising out of or connected with its operation of the Premises.