Non-Reimbursable Costs. The following expenses or costs incurred by or on behalf of the Property Manager in connection with its duties hereunder shall be at the sole cost and expense of the Property Manager and shall not be reimbursed by the Company: (a) costs attributable to losses arising from gross negligence, willful misconduct or fraud on the part of the Property Manager or its associates or employees; and (b) cost of insurance purchased by the Property Manager for its own account.
Appears in 35 contracts
Samples: Management Agreement, Fproperty and Asset Management Agreement (Strategic Realty Trust, Inc.), Property and Asset Management Agreement (Strategic Realty Trust, Inc.)
Non-Reimbursable Costs. The following expenses or costs incurred by or on behalf of the Property Manager in connection with its duties hereunder the management and leasing of the Property shall be at the sole cost and expense of the Property Manager and shall not be reimbursed by the CompanyTenants in Common: (a) costs cost attributable to losses arising from gross negligence, willful misconduct negligence or fraud on the part of the Property Manager or its Manager, the Property Manager’s associates or employees; and (b) cost of insurance purchased by the Property Manager for its own account.
Appears in 1 contract
Samples: Property Management Agreement
Non-Reimbursable Costs. The following expenses or costs incurred by or on behalf of the Property Manager in connection with its duties hereunder the management and leasing of the Project shall be at the sole cost and expense of the Property Manager and shall not be reimbursed by the CompanyTenants in Common: (a) costs attributable to losses arising from gross negligence, willful misconduct or fraud on the part of the Property Manager or its associates or employees; and (b) cost of insurance purchased by the Property Manager for its own account; and (b) Property Manager’s cost of overhead, salaries and other items except as expressly provided in Section 7.1.
Appears in 1 contract
Non-Reimbursable Costs. The following expenses or costs incurred by or on behalf of the Property Manager in connection with its duties hereunder shall be at the sole cost and expense of the Property Manager and shall not be reimbursed by the Company: (a) costs attributable Owner to losses arising from gross negligence, willful misconduct or fraud on the part of the Property Manager or its associates or employees; and (b) cost of insurance purchased by the Property Manager for its own account.Manager:
Appears in 1 contract
