Expenditures Made in Good Faith. Owner shall not object to any expenditures made by Manager in good faith in the course of its management of the Premises or in settlement of any claim arising out of the operation of the Premises unless such expenditure is specifically prohibited by this Agreement. The provisions of this Section 16.4 shall not be deemed to release Manager from liability for its negligence.
Appears in 7 contracts
Samples: Property Management and Leasing Agreement (Hines Global Reit Ii, Inc.), Property Management and Leasing Agreement (Hines Global Reit Ii, Inc.), Property Management and Leasing Agreement (Hines Global REIT, Inc.)
Expenditures Made in Good Faith. Owner shall not object to any expenditures made by Manager in good faith in the course of its management of the Premises or in settlement of any claim arising out of the operation of the Premises unless such expenditure is specifically prohibited by this Agreement. The provisions of this Section 16.4 shall not be deemed to release Manager from liability for its gross negligence.
Appears in 1 contract
Samples: Limited Partnership Agreement (Hines Real Estate Investment Trust Inc)
Expenditures Made in Good Faith. Owner shall not object to any expenditures made by Manager in good faith in the course of its management of the Premises or 31 in settlement of any claim arising out of the operation of the Premises unless such expenditure is specifically prohibited by this Agreement. The provisions of this Section 16.4 shall not be deemed to release Manager from liability for its gross negligence.
Appears in 1 contract
Samples: Property Management and Leasing Agreement (Hines Real Estate Investment Trust Inc)
