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5.A1 Operations & Management Agreement
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5.A1 Operations & Management Agreement
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10/1/2010 11:16:35 AM
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cost to Manager, for the payment of any and all deductibles, self-insured retentions or self <br />insurance in connection with the additional insured status on the commercial general <br />liability, commercial automobile and umbrella liability policies. In addition, Owner shall <br />maintain property insurance on the Golf Course and include a waiver of subrogation in <br />favor of Manager. <br />8.2 Insurance Policies on Manager Property. Manager shall, effective as of the <br />Commencement Date, obtain policies of insurance on any of its property or equipment <br />placed within or upon the Golf Course and maintain such policies on all its property or <br />equipment placed in or upon the Golf Course during the term of this Management <br />Agreement. Such policies shall provide for fire, theft, vandalism and extended coverage <br />for the Manager's equipment and property. The Manager shall include a waiver of <br />subrogation in favor of Owner. <br />8.3 Required Policies of Insurance at Manager's Expense. The Manager shall, <br />effective as of the Commencement Date, and through the terms of this Management <br />Agreement, unless modified by the Owner and the Manager in accord with the provisions <br />herein, keep in full force and effect the following policies of insurance at Manager's <br />expense: <br />Commercial general liability insurance, including products liability insurance <br />against bodily injury and property damage claims in the following minimum <br />amounts: <br />a. Personal Injury - $1,000,000 each person and each accident, <br />$1,000,000 aggregate; <br />b. Bodily Injury and Property Damage Liability - $1,000,000 each <br />incident; $1,000,000 aggregate; <br />c. Umbrella Liability Coverage and Umbrella Liability Policy in an <br />amount not less than $S,000,OOOfor any one occurrence in excess of <br />the aforementioned general liability insurance; <br />e. Liquor Liability - $1,000,000 each occurrence. <br />Workers Compensation -Manager shall provide and keep in full force and <br />effect during the term of this Management Agreement, Workers <br />compensation insurance in full compliance with the laws of the State of <br />Indiana; <br />8.4 Certificates of Insurance. All such policies shall contain an endorsement <br />giving the Owner or Manager Thirty (30) days prior written notice of cancellation or non- <br />renewal except Ten (10) days for non-payment of premium of said policies. All such <br />-18- <br />
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