Common use of Owner Requirements Clause in Contracts

Owner Requirements. Owner agrees to maintain all forms of insurance required by law or by any loan requirements for the Property and as otherwise deemed by Owner to be reasonable and necessary to adequately protect Owner and Manager, including but not limited to public liability insurance, boiler insurance, fire and extended coverage insurance, and burglary and theft insurance. All insurance coverage shall be placed with such companies, in such amounts and with such beneficiaJ interest appeari..ng therein as shall be reasonably acc.eptable to Owner. Public liability insurance shall be maintained in such amounts as Owner determines as commercially reasonable or as otherwise required by its lenders or investors, but in no case in an amount less than $5,000,000. Ovmer agrees to timely provide evidence of required insurance to Manager, and acknowledges that if evidence of insurance coverage is not timely furnished, Manager may, but shall not be obligated to, obtain such coverage in its capacity as Manager, pursuant to this Agreement. Manager shall be named an additional insured on all Owner obtained insurance.

Owner Requirements. Owner agrees to maintain all forms fonns of insurance insunmce required by law or by any loan requirements for the Property Properly and as otherwise deemed by Owner to be reasonable and necessary to adequately protect Owner and Manager, including but not limited to public liability insurance, boiler insurance, fire and extended coverage insurance, and burglary and theft insurance. All insurance coverage shall be placed with such companies, in such amounts and with such beneficiaJ beneficial interest appeari..ng appcaiing therein as shall be reasonably acc.eptable acceptable to Owner. Public liability insurance shall be maintained in such amounts as Owner determines as commercially reasonable or as otherwise required by its lenders or investors, but in no case in an amount less than $5,000,000. Ovmer Owner agrees to timely provide evidence of required insurance to Manager, and acknowledges that if evidence of insurance coverage is not timely furnished, Manager may, but shall not be obligated to, obtain such coverage in its capacity as Manager, Manager pursuant to this Agreement. Manager shall shat I be named an additional insured on all Owner obtained insurance.

Owner Requirements. Owner agrees to maintain all forms of insurance required by law or by any loan requirements for the Property Prope11y and as otherwise deemed by Owner to be reasonable and necessary to adequately protect Owner and Manager, . including but not limited to public liability insurance, boiler insurance, fire and extended coverage insurance, . and burglary and theft insurance. All insurance coverage shall be placed with such companies, in such amounts and with such beneficiaJ beneficial interest appeari..ng appearing therein as shall be reasonably acc.eptable acceptable to Owner. Public liability insurance shall be maintained in such amounts as Owner determines as commercially reasonable or as otherwise required by its lenders or investors, but in no case in an amount less than $5,000,0005.000.000. Ovmer Owner agrees to timely provide evidence of required insurance to Manager, . and acknowledges that if evidence of insurance coverage is not timely furnished, . Manager may, . but shall not be obligated to, obtain such coverage in its capacity as Manager, Manager pursuant to this Agreement. Manager shall be named an additional insured on all Owner obtained insurance.