Common use of Limitation of Owner’s Liability Clause in Contracts

Limitation of Owner’s Liability. Owner’s liability to Manager hereunder shall be limited to its interest in the Properties and Manager shall not look to any other property or assets of Owner or the property or assets of any of the Owner Indemnified Parties in seeking either to enforce Owner’s obligations under this Agreement or to satisfy a judgment for Owner’s failure to perform such obligations. No Protected Person shall be liable for the performance of Owner’s obligations under this Agreement. The terms of this Section 2.4 shall survive the Expiration Date.

Appears in 9 contracts

Samples: Property Management Agreement (Aimco OP L.P.), Property Management Agreement (Aimco OP L.P.), Property Management Agreement (Aimco OP L.P.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!