Common use of OWNER’S LIABILITY INSURANCE Clause in Contracts

OWNER’S LIABILITY INSURANCE. During the term of this Agreement and all renewals thereof, RREM shall cause Owner, at Owner's expense, to carry and maintain primary commercial general liability insurance on an "occurrence" basis, naming Manager as an additional insured, with limits of not less than Five Million Dollars ($5,000,000.00) per occurrence (the "Owner's Liability Insurance"). RREM shall cause Owner to name Manager as an additional insured on Owner’s Liability Insurance. If the Owner's Liability Insurance has a deductible, or similar clause, Owner shall be responsible for paying any losses that are not covered by the Owner's Liability Insurance because of said deductible or similar clause.

OWNER’S LIABILITY INSURANCE. During the term of this Agreement and all renewals thereof, RREM shall cause Owner, at Owner's expense, to carry and maintain primary commercial general liability insurance on an "occurrence" basis, naming Manager as an additional insured, with limits of not less than Five Million Dollars ($5,000,000.00) per occurrence (the "Owner's Liability Insurance"). RREM shall cause Owner to name Manager as an additional insured on Owner’s Liability Insurance. If the Owner's Liability Insurance has a deductible, or similar clause, RREM shall cause Owner shall to be responsible for paying any losses that are not covered by the Owner's Liability Insurance because of said deductible or similar clause.