Owner Exculpatory Clause; Waivers of Jury Trial and Punitive Damages. Property Manager agrees that no principal, officer, director, shareholder, partner, member, investor, manager, representative, trustee, officer, employee or agent of Owner or of its members or partners shall be personally liable for any of the obligations of Owner hereunder and that Property Manager must look solely to the assets of Owner for the enforcement of any claims against Owner arising hereunder. In addition, Property Manager hereby waives in connection with any such claim any right it may have to a jury trial and any punitive or consequential damages.
Appears in 16 contracts
Samples: Property Management Agreement (KBS Legacy Partners Apartment REIT, Inc.), Property Management Agreement (KBS Legacy Partners Apartment REIT, Inc.), Property Management Agreement (KBS Legacy Partners Apartment REIT, Inc.)
Owner Exculpatory Clause; Waivers of Jury Trial and Punitive Damages. Property Manager Agent agrees that no principal, officer, director, shareholder, partner, member, investor, manager, representative, trustee, officer, employee or agent of Owner or of its members or partners shall be personally liable for any of the obligations of Owner hereunder and that Property Manager Agent must look solely to the assets of Owner for the enforcement of any claims against Owner arising hereunder. In addition, Property Manager Agent hereby waives in connection with any such claim any right it may have to a jury trial and any punitive or consequential damages.
Appears in 7 contracts
Samples: Management Accounting Services Agreement (KBS Legacy Partners Apartment REIT, Inc.), Account Services Agreement (KBS Legacy Partners Apartment REIT, Inc.), Account Services Agreement (KBS Legacy Partners Apartment REIT, Inc.)
