Common use of Reliance on Consultants and Advisers Clause in Contracts

Reliance on Consultants and Advisers. The General Partner may consult with legal counsel, accountants, appraisers, management consultants, investment bankers and other consultants and advisers selected by it, and any act taken or omitted to be taken in reliance upon and in accordance with the opinion of such Persons as to matters which such General Partner reasonably believes to be within such Person's professional or expert competence shall be conclusively presumed to have been done or omitted in good faith and in accordance with such opinion.

Appears in 8 contracts

Samples: Limited Partnership Agreement (Regency Realty Corp), Limited Partnership Agreement (Regency Centers Lp), Agreement of Limited Partnership (Prologis)

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Reliance on Consultants and Advisers. The General Partner may ------------------------------------ consult with legal counsel, accountants, appraisers, management consultants, investment bankers and other consultants and advisers selected by it, and any act taken or omitted to be taken in reliance upon and in accordance with the opinion of such Persons as to matters which such General Partner reasonably believes to be within such Person's professional or expert competence shall be conclusively presumed to have been done or omitted in good faith and in accordance with such opinion.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Cabot Industrial Properties Lp), Limited Partnership Agreement (Cabot Industrial Trust), Agreement of Limited Partnership (Cabot Industrial Trust)

Reliance on Consultants and Advisers. The General Partner may consult with legal counsel, accountants, appraisers, management consultants, investment bankers and other consultants and advisers selected by it, and any act taken or omitted to be taken in reliance upon and in accordance with the opinion of such Persons as to matters which such General Partner reasonably believes to be within such Person's professional or expert competence shall be conclusively presumed to have been done or omitted in good faith and in accordance with such opinion.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Rodamco North America N V), Limited Partnership Agreement (Baron Capital Trust), Limited Partnership Agreement (Baron Capital Trust)

Reliance on Consultants and Advisers. The General Partner may consult with legal counsel, accountants, appraisers, management consultants, investment bankers bankers, architects, engineers, environmental consultants, and other consultants and advisers selected by it, and any act taken or omitted to be taken in reliance upon and in accordance with the opinion of such Persons as to matters which that such General Partner reasonably believes to be within such Person's professional or expert competence shall be conclusively presumed to have been done or omitted in good faith and in accordance with such opinion.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Ps Business Parks Inc/Ca), Limited Partnership Agreement (Public Storage Properties Xi Inc), Limited Partnership Agreement (Public Storage Properties Xi Inc)

Reliance on Consultants and Advisers. The General Partner may consult with legal counsel, accountants, appraisers, management consultants, investment bankers bankers, architects, engineers, environmental consultants and other consultants and advisers selected by it, and any act taken or omitted to be taken in reliance in good faith upon and in accordance with the opinion of such Persons as to matters which such that the General Partner reasonably believes to be within such Person's professional or expert competence shall be conclusively presumed to have been done or omitted in good faith and in accordance with such opinion.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Koger Equity Inc), Limited Partnership Agreement (CRT Properties Inc)

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Reliance on Consultants and Advisers. The General Partner may consult with legal counsel, accountants, appraisers, management consultants, investment bankers and other consultants and advisers selected by it, and any act taken or omitted to be taken in reliance upon and in accordance with the opinion of such Persons as to matters which such General Partner reasonably believes to be within such Person's ’s professional or expert competence shall be conclusively presumed to have been done or omitted in good faith and in accordance with such opinion.

Appears in 1 contract

Samples: Limited Partnership Agreement (Regency Centers Lp)

Reliance on Consultants and Advisers. The General Partner Partners may consult with legal counsel, accountants, appraisers, management consultants, investment bankers and other consultants and advisers selected by it, and any act taken or omitted to be taken in reliance upon and in accordance with the opinion of such Persons as to matters which such the General Partner Partners reasonably believes believe to be within such Person's professional or expert competence shall be conclusively presumed to have been prima facie evidence that such act was done or omitted in good faith and in accordance with such opinion.

Appears in 1 contract

Samples: Limited Partnership Agreement (United Dominion Realty Trust Inc)

Reliance on Consultants and Advisers. The General Partner may consult with legal counsel, accountants, appraisers, management consultants, investment bankers and other consultants and advisers selected by it, and and, in performing its duties, the General Partner shall be entitled to rely upon any act taken information, opinion, report or omitted to be taken in reliance upon and in accordance with the opinion statement prepared or presented by any of such Persons as to matters which such General Partner reasonably believes to be within such Person's professional or expert competence shall unless the General Partner has any knowledge concerning the matter in question which would cause such reliance to be conclusively presumed to have been done or omitted in good faith and in accordance with such opinionunwarranted.

Appears in 1 contract

Samples: Limited Partnership Agreement (Security Capital Atlantic Inc)

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