Status of the Property Manager; Limitation on Authority. The Property Manager shall act under this Property Management Agreement as an independent contractor and not as the Owner’s agent or employee. The Property Manager shall not have the right, power or authority to enter into agreements or incur liability on behalf of the Owner except as expressly set forth herein. Any action taken by the Property Manager which is not expressly permitted by this Property Management Agreement shall not bind the Owner.
Appears in 6 contracts
Samples: Property Management Agreement (American Realty Capital - Retail Centers of America II, Inc.), Property Management Agreement (American Finance Trust, Inc), Property Management Agreement (American Realty Capital - Retail Centers of America II, Inc.)
Status of the Property Manager; Limitation on Authority. The Property Manager shall act under this Property Management Agreement as an independent contractor and not as the OwnerCompany’s agent or employee. The Property Manager shall not have the right, power or authority to enter into agreements or incur liability on behalf of the Owner Company except as expressly set forth herein. Any action taken by the Property Manager which is not expressly permitted by this Property Management Agreement shall not bind the OwnerCompany.
Appears in 2 contracts
Samples: Property Management Agreement (Necessity Retail REIT, Inc.), Property Management Agreement (American Finance Trust, Inc)
