Indemnification by Advisor Clause Example from Business Contracts

This example Indemnification by Advisor clause appears in 2 contracts from 2 companies

Indemnification by Advisor. The Advisor shall indemnify and hold harmless the Company and the Operating Partnership from Losses, including reasonable attorneys' fees to the extent that such Losses 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 disregard of its duties; provided, however, that the Advisor shall not be held responsible for any action of the Board in following or declining to follow an...y advice or recommendation given by the Advisor. View More