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 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 incurred by reason of the Advisor's bad faith, fraud, willful misfeasance, gross misconduct, gross negligence or reckless disregard of its 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. View More Arrow