Indemnification by Advisor. The Advisor shall indemnify and hold harmless the Company and the Operating Partnership from contract or other liability, claims, damages, taxes or losses and related
expenses expenses, including
reasonable hourly attorneys' fees, to the extent that such liability, claims, damages, taxes or losses and related expenses are not fully reimbursed by insurance and are incurred by reason of the Advisor's bad faith, fraud, willful misfeasance,
intentional misconduct, gross negligence or reckless disreg
...ard of its duties; provided, however, that the Advisor shall not be held responsible for any action of the Board in following or declining for which the Board declined to follow any advice or recommendation given by the Advisor. Advisor to the Board prior to taking such action.
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Indemnification by Advisor. The Advisor shall indemnify and hold harmless the
Company Corporation and the Operating Partnership from contract or other liability, claims, damages, taxes or losses and related expenses including attorneys' fees, to the extent that such liability, claims, damages, taxes or losses and related expenses are
not fully reimbursed by insurance and are incurred by reason of the Advisor's bad faith, fraud, willful misfeasance,
intentional gross misconduct, gross negligence or
16 reckless disregard of
...its duties; provided, however, that duties, but the Advisor shall not be held responsible for any action of the Board of Directors in following or declining to follow any advice or recommendation given by the Advisor.
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Indemnification by Advisor. The Advisor shall indemnify and hold harmless the
Company Corporation and the Operating Partnership from contract or other liability, claims, damages, taxes or losses and related expenses including attorneys' fees, to the extent that such liability, claims, damages, taxes or losses and related expenses are
not fully reimbursed by insurance and are incurred by reason of the Advisor's bad faith, fraud, willful misfeasance,
intentional gross misconduct, gross negligence or reckless disregard of its
... duties; provided, however, that duties, but the Advisor shall not be held responsible for any action of the Board of Directors in following or declining to follow any advice or recommendation given by the Advisor.
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