Common use of Reliance as Safe Harbor Clause in Contracts

Reliance as Safe Harbor. For the purposes of any determination of whether any act or omission of the Indemnitee was a Good Faith Act or Omission, each act of the Indemnitee shall be deemed to be a Good Faith Act or Omission if the Indemnitee’s action is based on the records or books of accounts of the Company, including financial statements, on information supplied to the Indemnitee by the officers of the Company in the course of their duties, on the advice of legal counsel for the Company or the independent directors or any committee thereof, or on information or records given or reports made to the Company by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Company. The provisions of this Section VII.C shall not be exclusive or deemed to limit in any way the other circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement or under applicable law.

Appears in 16 contracts

Samples: Form of Indemnification Agreement (CNL Strategic Capital, LLC), Indemnification Agreement (CNL Healthcare Properties, Inc.), Form of Indemnification Agreement (CNL Healthcare Properties II, Inc.)

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Reliance as Safe Harbor. For the purposes of any determination of whether any act or omission of the Indemnitee was a Good Faith Act or Omission, each act of the Indemnitee shall be deemed to be a Good Faith Act or Omission if the Indemnitee’s 's action is based on the records or books of accounts of the Company, including financial statements, or on information supplied to the Indemnitee by the officers of the Company in the course of their duties, or on the advice of legal counsel for the Company or the independent directors or any committee thereof, or on information or records given or reports made to the Company by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Company. The provisions of this Section VII.C VII.C. shall not be deemed to be exclusive or deemed to limit in any way the other circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement or under applicable law.

Appears in 9 contracts

Samples: Indemnification Agreement (CNL Hospitality Properties Inc), Indemnification Agreement (CNL Hospitality Properties Inc), Indemnification Agreement (CNL Income Properties Inc)

Reliance as Safe Harbor. For the purposes of any determination of whether any act or omission of the Indemnitee was a Good Faith Act or Omissionmet the requisite standard of conduct described herein for indemnification, each act of the Indemnitee shall be deemed to be a Good Faith Act or Omission have met such standard if the Indemnitee’s action is based on the records or books of accounts of the Company, including financial statements, or on information supplied to the Indemnitee by the officers of the Company in the course of their duties, or on the advice of legal counsel for the Company or the independent directors or any committee thereof, or on information or records given or reports made to the Company by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Company. The provisions of this Section VII.C 7.3 shall not be deemed to be exclusive or deemed to limit in any way the other circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement or under applicable law.

Appears in 6 contracts

Samples: Indemnification Agreement (Industrial Logistics Realty Trust Inc.), Indemnification Agreement (Logistics Property Trust Inc.), Indemnification Agreement (Logistics Property Trust Inc.)

Reliance as Safe Harbor. For the purposes of any determination of whether any act or omission of the Indemnitee was a Good Faith Act or Omission, each act of the Indemnitee shall be deemed to be a Good Faith Act or Omission if the Indemnitee’s action is based on the records or books of accounts of the Company, including financial statements, or on information supplied to the Indemnitee by the officers of the Company in the course of their duties, or on the advice of legal counsel for the Company or the independent directors or any committee thereof, or on information or records given or reports made to the Company by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Company. The provisions of this Section VII.C 7.3 shall not be deemed to be exclusive or deemed to limit in any way the other circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement or under applicable law.

Appears in 5 contracts

Samples: Employment Agreement (Vitacost.com, Inc.), Indemnification Agreement (Vitacost.com, Inc.), Indemnification Agreement (Income Property Trust of the Americas Inc.)

Reliance as Safe Harbor. For the purposes of any determination of whether any act or omission of the Indemnitee was a Good Faith Act or Omission, each act of the Indemnitee shall be deemed to be a Good Faith Act or Omission if the Indemnitee’s 's action is based on the records or books of accounts of the Company, including financial statements, or on information supplied to the Indemnitee by the officers of the Company in the course of their duties, or on the advice of legal counsel for the Company or the independent directors or any committee thereof, or on information or records given or reports made to the Company by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Company. The provisions of this Section VII.C 7.3 shall not be deemed to be exclusive or deemed to limit in any way the other circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement or under applicable law.

Appears in 4 contracts

Samples: Indemnification Agreement (Dividend Capital Total Realty Trust Inc.), Indemnification Agreement (Dividend Capital Total Realty Trust Inc.), Form of Indemnification Agreement (Dividend Capital Inc)

Reliance as Safe Harbor. For the purposes of any determination of ----------------------- whether any act or omission of the Indemnitee was a done or made in Good Faith Act or OmissionFaith, each act or omission of the Indemnitee shall be deemed to be a in Good Faith Act or Omission if the Indemnitee’s action 's act or omission is based on the records or books of accounts of the Company, including financial statements, or on information supplied to the Indemnitee by the officers of the Company in the course of their duties, or on the advice of legal counsel for the Company or the independent directors or any committee thereofCompany, or on information or records given or reports made to the Company by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Company. The provisions of this Section VII.C section 7.3 shall not be deemed to be exclusive or deemed to limit in any way the other circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement or under applicable law.

Appears in 3 contracts

Samples: Indemnification Agreement (Primal Solutions Inc), Indemnification Agreement (Primal Solutions Inc), 12 Indemnification Agreement (Primal Solutions Inc)

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Reliance as Safe Harbor. For the purposes of any determination of whether any act or omission of the Indemnitee was a Good Faith Act or Omission, each act of the Indemnitee shall be deemed to be a Good Faith Act or Omission if the Indemnitee’s action is reasonably based on the records or books of accounts of the CompanyCompany or its Affiliates, including financial statements, or on information supplied to the Indemnitee by the officers of the Company or its Affiliates in the course of their duties, or on the advice of legal counsel for the Company or the independent directors or any committee thereof, its Affiliates or on information or records given or reports made to the Company or its Affiliates by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the CompanyCompany or its Affiliates. The provisions of this Section VII.C VII.C. shall not be deemed to be exclusive or deemed to limit in any way the other circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement or under applicable law.

Appears in 1 contract

Samples: Indemnification Agreement (CNL Retirement Properties Inc)

Reliance as Safe Harbor. For the purposes of any determination of whether any act or omission of the Indemnitee was a Good Faith Act or Omission, each act of the Indemnitee shall be deemed to be a Good Faith Act or Omission if the Indemnitee’s action is based upon reasonable reliance on the records or books of accounts of the Company, including financial statements, or on information supplied to the Indemnitee by the officers of the Company in the course of their duties, or on the advice of legal counsel for the Company or the independent directors or any committee thereof, or on information or records given or reports made to the Company by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Company, provided that Indemnitee had no reason to believe the reliance was unwarranted. The provisions of this Section VII.C 8(b) shall not be deemed to be exclusive or deemed to limit in any way the other circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement or under applicable law.

Appears in 1 contract

Samples: Form of Indemnification Agreement (Boston Capital Real Estate Investment Trust Inc)

Reliance as Safe Harbor. For the purposes of any determination of whether any act or omission of the Indemnitee was a Good Faith Act or Omissiongood faith, each act of the Indemnitee shall be deemed to be a Good Faith Act or Omission have acted in good faith if the Indemnitee’s action or failure to act is based on the records or books of accounts account of the Company or any Enterprise other than the Company, including financial statements, or on information supplied to the Indemnitee by the officers of the Company or any Enterprise other than the Company in the course of their duties, or on the advice of legal counsel for the Company or any Enterprise other than the independent directors or any committee thereof, Company or on information or records given or reports made to the Company or any Enterprise other than the Company by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Company or any Enterprise other than the Company. The provisions of this Section VII.C 12(e) shall not be deemed to be exclusive or deemed to limit in any way the other circumstances in which the Indemnitee may be deemed or found to have met the any applicable standard of conduct set forth in this Agreement or under applicable lawAgreement.

Appears in 1 contract

Samples: Director’s Indemnification Agreement (Craftmade International Inc)

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