Common use of Limitation of Agency Clause in Contracts

Limitation of Agency. Nothing contained in this Agreement or in the relationship of Owner and Manager shall be deemed to constitute a partnership, joint venture or any other relationship, and Manager shall at all times be deemed an independent contractor for purposes of this Agreement. Nothing herein contained shall be deemed to constitute Manager as the agent of Owner except as such rights are expressly granted or authorized herein, which shall specifically exclude any rights with respect to the sale, transfer, mortgaging or other financing of the Property.

Appears in 6 contracts

Samples: Property Management Agreement (Balcor Realty Investors 85 Series I), Property Management Agreement (Balcor Realty Investors 85 Series Iii), Property Management Agreement (Balcor Realty Investors 86 Series I)

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Limitation of Agency. Nothing contained in this Agreement or in the relationship of Owner and Manager shall be deemed to constitute a partnership, joint venture or any other relationship, and Manager shall at all times be deemed an independent contractor for purposes of this Agreement. Nothing herein contained shall be deemed to constitute Manager as the agent of Owner except as such rights are agency authority is expressly granted or authorized herein, which shall specifically exclude any rights authority with respect to the sale, transfer, mortgaging or other financing of the any Property.

Appears in 3 contracts

Samples: Property Management Agreement (Grubb & Ellis Realty Advisors, Inc.), Property Management Agreement (Grubb & Ellis Realty Advisors, Inc.), Property Management Agreement (Grubb & Ellis Realty Advisors, Inc.)

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Limitation of Agency. Nothing contained in this Agreement or in the relationship of Owner and Manager shall be deemed to constitute a partnership, joint venture or any other relationship, and Manager shall at all times be deemed an independent contractor for purposes of this Agreement. Nothing herein contained shall be deemed to constitute Manager as the agent of Owner except as such rights are expressly granted or authorized herein, which shall specifically exclude any rights with respect to the sale, transfer, mortgaging or other financing of the PropertyProject.

Appears in 1 contract

Samples: Loan Agreement (NTS Mortgage Income Fund)

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