INDEMNIFICATION BY ADVISOR. The Advisor shall indemnify and hold harmless CWI and the Operating Partnership from 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 not fully reimbursed by insurance and are incurred by reason of the Advisor’s bad faith, fraud, willful misfeasance, misconduct, negligence or reckless disregard of its duties.
Appears in 3 contracts
Samples: Advisory Agreement (Carey Watermark Investors Inc), Advisory Agreement (Carey W P & Co LLC), Advisory Agreement (Carey Watermark Investors Inc)
INDEMNIFICATION BY ADVISOR. The Advisor shall indemnify and hold harmless CWI 2 and the Operating Partnership from 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 not fully reimbursed by insurance and are incurred by reason of the Advisor’s 's bad faith, fraud, willful misfeasance, misconduct, negligence or reckless disregard of its duties.
Appears in 2 contracts
Samples: Advisory Agreement (Carey Watermark Investors 2 Inc), Advisory Agreement (W. P. Carey Inc.)
INDEMNIFICATION BY ADVISOR. The Advisor shall indemnify and hold harmless CWI 1 and the Operating Partnership from 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 not fully reimbursed by insurance and are incurred by reason of the Advisor’s 's bad faith, fraud, willful misfeasance, misconduct, negligence or reckless disregard of its duties.
Appears in 1 contract
INDEMNIFICATION BY ADVISOR. The Advisor shall indemnify and hold harmless CWI and the Operating Partnership from 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 not fully reimbursed by insurance and are not incurred by reason of the Advisor’s bad faith, fraud, willful misfeasance, misconduct, negligence or reckless disregard of its duties.
Appears in 1 contract
INDEMNIFICATION BY ADVISOR. The Advisor shall indemnify and hold harmless CWI 2 and the Operating Partnership from 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 not fully reimbursed by insurance and are incurred by reason of the Advisor’s bad faith, fraud, willful misfeasance, misconduct, negligence or reckless disregard of its duties.
Appears in 1 contract
Samples: Advisory Agreement (Carey Watermark Investors 2 Inc)