Debts of Owner. In the performance of its duties as Manager, Manager shall act solely as the representative of the Owner. All debts and liabilities to third persons incurred by Manager in the course of its operation and management of the Project shall be the debts and liabilities of the Owner only, and Manager shall not be liable for any such debts or liabilities.
Appears in 6 contracts
Samples: Limited Liability Company/Joint Venture Agreement (Bluerock Residential Growth REIT, Inc.), Property Management Agreement (Bluerock Residential Growth REIT, Inc.), Property Management Agreement (Bluerock Residential Growth REIT, Inc.)
Debts of Owner. In the performance of its duties as Manager, Manager shall act solely as the representative agent of the Owner. All debts and liabilities to third persons incurred by Manager in the course of its operation and management of the Project Property, shall be the debts and liabilities of the Owner only, and Manager shall not be liable for any such debts or liabilities, except to the extent Manager has exceeded its authority hereunder.
Appears in 2 contracts
Samples: Management Agreement (Lexford Residential Trust /Md/), Management Agreement (Lexreit Properties Inc)
Debts of Owner. In the performance of its duties as Manager, Manager shall act solely as the representative of the Owner. All debts and liabilities to third persons incurred by Manager in the course of its operation and management of the Project shall be the debts and liabilities of the Owner only, and Manager shall not be liable for any such debts or liabilitiesliabilities incurred within the scope of this agreement.
Appears in 1 contract
Samples: Property Management Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
