Common use of Manager Status Clause in Contracts

Manager Status. In the performance of its duties in the -------------- administration, management and operation of the Properties, the Manager shall act solely as an independent contractor. Nothing herein shall constitute or be construed to be or create a partnership or joint venture between the Owner and the Manager, or be construed to appoint or constitute the Manager as an agent of the Owner for any purpose, or construed to create a lease by the Manager of the Properties. It is expressly covenanted that this Agreement is no more than an agreement for the rendering of services by the Manager in the operation and management of the Properties. The covenants benefiting the Manager are not covenants running with the land, and are personal to the parties hereto and their respective successors.

Appears in 1 contract

Sources: Management Agreement (Fountainhead Development Corp Inc)

Manager Status. In the performance of its duties in the -------------- administration, management and operation of the Properties, the Manager shall act solely as an independent contractor. Nothing herein shall constitute or be construed to be or create a partnership or joint venture between the Owner and the Manager, or be construed to appoint or constitute the Manager as an agent of the Owner for any purpose, or construed to create a lease by the Manager of the Properties. It is expressly covenanted that this Agreement is no more than an agreement for the rendering of services by the Manager in the operation and management of the Properties. The covenants benefiting the Manager are not covenants running with the land, and are personal to the parties hereto and their respective successors.

Appears in 1 contract

Sources: Management Agreement (Ridgewood Hotels Inc)