Common use of Advisor’s Liability Clause in Contracts

Advisor’s Liability. (i) Notwithstanding any other provisions of this Agreement, in no event shall the Company make any claim against Advisor, or its Affiliates, on account of any good faith interpretation by Advisor of the provisions of this Agreement (even if such interpretation is later determined to be a breach of this Agreement) or any alleged errors in judgment made in good faith and in accordance with this Agreement in connection with the operation of the operations of the Company hereunder by Advisor or the performance of any advisory or technical services provided by or arranged by the Advisor. The provisions of this Section 16.3(a) shall not be deemed to release Advisor from liability for its gross negligence.

Appears in 8 contracts

Samples: Advisory Agreement (Hines Global REIT, Inc.), Advisory Agreement (Hines Real Estate Investment Trust Inc), Advisory Agreement (Hines Real Estate Investment Trust Inc)

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Advisor’s Liability. (ia) Notwithstanding any other provisions of this Agreement, in no event shall the Company make any claim against the Advisor, or its Affiliates, on account of any good faith interpretation by Advisor of the provisions of this Agreement (even if such interpretation is later determined to be a breach of this Agreementlegally incorrect) or any alleged errors in judgment made in good faith and in accordance with this Agreement in connection with the operation of the operations of the Company hereunder by the Advisor or the performance of any advisory or technical services provided by or arranged by the Advisor. The provisions of this Section 16.3(a20(a) shall not be deemed to release the Advisor from liability for its gross negligencenegligence or reckless disregard of its duties.

Appears in 5 contracts

Samples: Advisory Agreement (Shopoff Properties Trust, Inc.), Advisory Agreement (Shopoff Properties Trust, Inc.), Advisory Agreement (Shopoff Properties Trust, Inc.)

Advisor’s Liability. (i) Notwithstanding any other provisions of this Agreement, in no event shall the Company make any claim against Advisor, or its Affiliates, on account of any good faith interpretation by Advisor of the provisions of this Agreement (even if such interpretation is later determined to be a breach of this Agreement) or any alleged errors in judgment made in good faith and in accordance with this Agreement in connection with the operation of the operations of the Company hereunder by Advisor or the performance of any advisory or technical services provided by or arranged by the Advisor. The provisions of this Section 16.3(a16.3(i) shall not be deemed to release Advisor from liability for its gross negligence.

Appears in 4 contracts

Samples: Advisory Agreement (NRI Real Estate Investment & Technology, Inc.), Advisory Agreement (NRI Real Token Inc.), Management Agreement (Berkeley Income Trust, Inc.)

Advisor’s Liability. (ia) Notwithstanding any other provisions of this Agreement, in no event shall the Company make any claim against the Advisor, or its Affiliates, on account of any good faith interpretation by Advisor of the provisions of this Agreement (even if such interpretation is later determined to be a breach of this Agreement) or any alleged errors in judgment made in good faith and in accordance with this Agreement in connection with the operation of the operations of the Company hereunder by the Advisor or the performance of any advisory or technical services provided by or arranged by the Advisor. The provisions of this Section 16.3(a21(a) shall not be deemed to release the Advisor from liability for its gross negligencenegligence or reckless disregard of its duties.

Appears in 4 contracts

Samples: Advisory Agreement (Cornerstone Core Properties REIT, Inc.), Advisory Agreement (Cornerstone Core Properties REIT, Inc.), Advisory Agreement (Cornerstone Core Properties REIT, Inc.)

Advisor’s Liability. (i) Notwithstanding any other provisions of this Agreement, in no event shall the Company make any claim against Advisor, or its Affiliates, on account of any good faith interpretation by Advisor of the provisions of this Agreement (even if such interpretation is later determined to be a breach of this Agreement) or any alleged errors in judgment made in good faith and in accordance with this Agreement in connection with the operation of the operations of the Company hereunder by Advisor or the performance of any advisory or technical services provided by or arranged by the Advisor. The provisions of this Section 16.3(a16.03(i) shall not be deemed to release Advisor from liability for its gross negligence.

Appears in 3 contracts

Samples: Advisory Agreement (Hines Global Reit Ii, Inc.), Advisory Agreement (Hines Global Reit Ii, Inc.), Advisory Agreement (Hines Global Reit Ii, Inc.)

Advisor’s Liability. (i) Notwithstanding any other provisions of this Agreement, in no event shall the Company make any claim against Advisor, Advisor or its Affiliates, Affiliates on account of any good faith interpretation by Advisor of the provisions of this Agreement (even if such interpretation is later determined to be a breach of this Agreement) or any alleged errors in judgment made in good faith and in accordance with this Agreement in connection with the operation of the operations of the Company hereunder by Advisor or the performance of any advisory or technical services provided by or arranged by the Advisor. The provisions of this Section 16.3(a16.03(a) shall not be deemed to release Advisor from liability for its gross negligence.

Appears in 3 contracts

Samples: Advisory Agreement (TriLinc Global Impact Fund LLC), Advisory Agreement (TriLinc Global Impact Fund LLC), Advisory Agreement (TriLinc Global Impact Fund LLC)

Advisor’s Liability. (ia) Notwithstanding any other provisions of this Agreement, in no event shall the Company OP or the General Partner make any claim against the Advisor, or its Affiliates, on account of any good faith interpretation by the Advisor of the provisions of this Agreement (even if such interpretation is later determined to be a breach of this Agreement) or any alleged errors in judgment made in good faith and in accordance with this Agreement in connection with the operation of the operations of the Company hereunder by the Advisor or the performance of any advisory or technical services provided by or arranged by the Advisor. The provisions of this Section 16.3(a16.3(i) shall not be deemed to release Advisor from liability for its gross negligence.

Appears in 1 contract

Samples: Advisory Agreement (SKB REIT, Inc.)

Advisor’s Liability. (ia) Notwithstanding any other provisions of this Agreement, in no event shall the Company make any claim against the Advisor, or its Affiliates, on account of any good faith interpretation by Advisor of the provisions of this Agreement (even if such interpretation is later determined to be a breach of this Agreement) or any alleged errors in judgment made in good faith and in accordance with this Agreement in connection with the operation of the operations of the Company hereunder by the Advisor or the performance of any advisory or technical services provided by or arranged by the Advisor. The provisions of this Section 16.3(a21(a) shall not be deemed to release the Advisor from liability for its gross negligence, misconduct or reckless disregard of its duties.

Appears in 1 contract

Samples: Advisory Agreement (Cornerstone Core Properties REIT, Inc.)

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Advisor’s Liability. (i) Notwithstanding any other provisions of this Agreement, in no event shall the Company make any claim against Advisor, or its Affiliates, on account of any good faith interpretation by Advisor of the provisions of this Agreement (even if such interpretation is later determined to be a breach of this Agreement) or any alleged errors in judgment made in good faith and in accordance with this Agreement in connection with the operation of the operations of the Company hereunder by Advisor or the performance of any advisory or technical services provided by or arranged by the Advisor. The provisions of this Section 16.3(a16.03(i) shall not be deemed to release Advisor from liability for its gross negligence.

Appears in 1 contract

Samples: Advisory Agreement (Hines Global Reit Ii, Inc.)

Advisor’s Liability. (i) Notwithstanding any other provisions of this Agreement, in no event shall the Company make any claim against Advisor, Advisor or its Affiliates, Affiliates on account of any good faith interpretation by Advisor of the provisions of this Agreement (even if such interpretation is later determined to be a breach of this Agreement) or any alleged errors in judgment made in good faith and in accordance with this Agreement in connection with the operation of the operations of the Company hereunder by Advisor or the performance of any advisory or technical services provided by or arranged by the Advisor. The provisions of this Section 16.3(a16.03(i) shall not be deemed to release Advisor from liability for its gross negligence.. NY 247105333v2

Appears in 1 contract

Samples: Advisory Agreement (TriLinc Global Impact Fund LLC)

Advisor’s Liability. (i) Notwithstanding any other provisions of this Agreement, in no event shall the Company make any claim against Advisor, Advisor or its Affiliates, Affiliates on account of any good faith interpretation by Advisor of the provisions of this Agreement (even if such interpretation is later determined to be a breach of this Agreement) or any alleged errors in judgment made in good faith and in accordance with this Agreement in connection with the operation of the operations of the Company hereunder by Advisor or the performance of any advisory or technical services provided by or arranged by the Advisor. The provisions of this Section 16.3(a16.03(i) shall not be deemed to release Advisor from liability for its gross negligence.

Appears in 1 contract

Samples: Advisory Agreement (TriLinc Global Impact Fund LLC)

Advisor’s Liability. (i) Notwithstanding any other provisions of this Agreement, in no event shall the Company make any claim against Advisor, or its Affiliates, on account of any good faith interpretation by Advisor of the provisions of this Agreement (even if such interpretation is later determined to be a breach of this Agreement) or any alleged errors in judgment made in good faith and in accordance with this Agreement in connection with the operation of the operations of the Company hereunder by Advisor or the performance of any advisory or technical services provided by or arranged by the Advisor. The provisions of this Section 16.3(a16.03(a) shall not be deemed to release Advisor from liability for its gross negligence.

Appears in 1 contract

Samples: Advisory Agreement (HGR Liquidating Trust)

Advisor’s Liability. (i) Notwithstanding any other provisions of this Agreement, in no event shall the Company make any claim against the Advisor, or its Affiliates, on account of any good faith interpretation by the Advisor of the provisions of this Agreement (even if such interpretation is later determined to be a breach of this Agreement) or any alleged errors in judgment made in good faith and in accordance with this Agreement in connection with the operation of the operations of the Company hereunder by the Advisor or the performance of any advisory or technical services provided by or arranged by the Advisor. The provisions of this Section 16.3(a16.03(i) shall not be deemed to release the Advisor from liability for its gross negligence.

Appears in 1 contract

Samples: Advisory Agreement (Hines Real Estate Investment Trust Inc)

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