Common use of Agent’s Responsibilities Clause in Contracts

Agent’s Responsibilities. 2.1. Agent shall provide as-needed supervision of all construction and administrative personnel required for each construction project, including any contractors, consultants, legal counsel, and accounting personnel. All employees (except independent contractors retained by Agent on behalf of Owner from time to time) shall be employed directly by Agent who shall be solely responsible for fulfilling all payroll tax functions with respect to the same. 2.2. Agent shall use commercially reasonable due diligence in the construction management for each project and furnish the full services of its organization in the management of such project. 2.3. Agent shall review and approve the monthly ▇▇▇▇▇▇▇▇ of the general contractor (which ▇▇▇▇▇▇▇▇ shall be subject to inspection by Owner at all times). 2.4. Agent shall procure and maintain such public liability and fire insurance for each project as directed by Owner with Owner and Agent named as additional insureds. 2.5. Agent shall not be obligated to make any monetary advance or incur any liability for the account of the Owner. 2.6. Agent shall diligently oversee and coordinate any capital improvements for the Property pursuant to plans approved from time to time by Owner (including any so-called “Required Repairs” or “Scheduled Renovations” as may be required by any loan documents affecting the Property and all approved plans, budgets and schedules therefor).

Appears in 2 contracts

Sources: Formation and Contribution Agreement (Nationwide Health Properties Inc), Formation and Contribution Agreement (Nationwide Health Properties Inc)

Agent’s Responsibilities. 2.17.1. Agent shall provide as-needed continuous supervision of all construction and administrative personnel required for each construction project, including any contractors, consultants, legal counsel, and accounting personnel. All employees (except independent contractors retained by Agent on behalf of Owner from time to time) shall be employed directly by Agent who shall be solely responsible for fulfilling all payroll tax functions with respect to the same. 2.27.2. Agent shall use commercially reasonable due diligence in the construction management for each project and furnish the full services of its organization in the management of such project. 2.37.3. Agent shall review and approve the monthly ▇▇▇▇▇▇▇▇ of the general contractor (which ▇▇▇▇▇▇▇▇ shall be subject to inspection by Owner at all times). 2.47.4. Agent shall procure and maintain such public liability and fire insurance for each project as directed by Owner with Owner and Agent named as additional insureds. 2.57.5. Agent shall not be obligated to make any monetary advance or incur any liability for the account of the Owner. 2.67.6. Agent shall diligently oversee and coordinate any capital improvements for the Property pursuant to plans approved from time to time by Owner (including any so-called “Required Repairs” or “Scheduled Renovations” as may be required by any loan documents affecting the Property and all approved plans, budgets and schedules therefor).

Appears in 1 contract

Sources: Formation and Contribution Agreement (Nationwide Health Properties Inc)

Agent’s Responsibilities. 2.17.1. Agent shall provide as-needed supervision of all construction and administrative personnel required for each construction project, including any contractors, consultants, legal counsel, and accounting personnel. All employees (except independent contractors retained by Agent on behalf of Owner from time to time) shall be employed directly by Agent who shall be solely responsible for fulfilling all payroll tax functions with respect to the same. 2.27.2. Agent shall use commercially reasonable due diligence in the construction management for each project and furnish the full services of its organization in the management of such project. 2.37.3. Agent shall review and approve the monthly ▇▇▇▇▇▇▇▇ of the general contractor (which ▇▇▇▇▇▇▇▇ shall be subject to inspection by Owner at all times). 2.47.4. Agent shall procure and maintain such public liability and fire insurance for each project as directed by Owner with Owner and Agent named as additional insureds. 2.57.5. Agent shall not be obligated to make any monetary advance or incur any liability for the account of the Owner. 2.67.6. Agent shall diligently oversee and coordinate any capital improvements for the Property pursuant to plans approved from time to time by Owner (including any so-called “Required Repairs” or “Scheduled Renovations” as may be required by any loan documents affecting the Property and all approved plans, budgets and schedules therefor).

Appears in 1 contract

Sources: Formation and Contribution Agreement (Nationwide Health Properties Inc)