Insurance Services. The Managing Trustee or any of its Affiliates may provide insurance brokerage services in connection with obtaining insurance on the Trust Assets so long as the cost of providing such service, including the cost of the insurance, is no greater than the lowest quote obtained from two unaffiliated insurance agencies and the coverage and terms are likewise comparable. In no event may such services be provided by the Managing Trustee or any of its Affiliates unless they are independently engaged in the business of providing such services to Persons other than Affiliates and at least seventy-five percent (75%) of their insurance brokerage service gross revenue is derived from Persons other than Affiliates.
Appears in 2 contracts
Samples: Liquidating Trust Agreement (Behringer Harvard Short Term Opportunity Fund I Lp), Liquidating Trust Agreement (Behringer Harvard Mid Term Value Enhancement Fund I Lp)
Insurance Services. The Managing Trustee General Partners or any of its their Affiliates may provide insurance brokerage services in connection with obtaining insurance on the Trust Assets Partnership's Properties so long as the cost of providing such service, including the cost of the insurance, is no greater than the lowest quote obtained from two unaffiliated insurance agencies and the coverage and terms are likewise comparable. In no event may such services be provided by the Managing Trustee General Partners or any of its their Affiliates unless they are independently engaged in the business of providing such services to Persons other than Affiliates and at least seventy-five percent (75%) of their insurance brokerage service gross revenue is derived from Persons other than Affiliates.
Appears in 2 contracts
Samples: Behringer Harvard Mid Term Value Enhancement Fund I Lp, Behringer Harvard Short Term Opportunity Fund I Lp
Insurance Services. The Managing Trustee General Partners or any of its their Affiliates may provide insurance brokerage services in connection with obtaining insurance on the Trust Assets Partnership’s Properties so long as the cost of providing such service, including the cost of the insurance, is no greater than the lowest quote obtained from two unaffiliated insurance agencies and the coverage and terms are likewise comparable. In no event may such services be provided by the Managing Trustee General Partners or any of its their Affiliates unless they are independently engaged in the business of providing such services to Persons other than Affiliates and at least seventy-five percent (75%) of their insurance brokerage service gross revenue is derived from Persons other than Affiliates.
Appears in 1 contract
Samples: Rent and Lease Term (Behringer Harvard Short Term Opportunity Fund I Lp)
