Indemnification by Advisor Clause Example from Business Contracts

This example Indemnification by Advisor clause appears in 4 contracts from 1 company

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, 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, gross negligence or reckless disregard of its duties; provided, howe...ver, that the Advisor shall not be held responsible for any action of the Board for which the Board declined to follow any advice or recommendation given by the Advisor to the Board prior to taking such action. View More
Found in Sterling Real Estate Trust contract
Sterling Real Estate Trust Contracts

Eighth Amended and Restated Advisory Agreement (Filed With SEC on April 2, 2019)

Ninth Amended and Restated Advisory Agreement, effective April 1, 2020 (Filed With SEC on March 31, 2020)

Tenth Amended and Restated Advisory Agreement, effective April 1, 2021 (Filed With SEC on March 31, 2021)

Eleventh Amended and Restated Advisory Agreement, effective April 1, 2022 (Filed With SEC on March 29, 2022)