Examples of Owner Party in a sentence
In furtherance of the foregoing, without the prior consent of any Owner Party, Manager shall not, and shall cause its Affiliates, directors, managers and officers, and shall instruct its other Representatives, not to take any of the actions set forth on Exhibit B (to the extent Manager has authority hereunder to cause any such action occur) (each such action, a “Restricted Action”, and collectively, the “Restricted Actions”).
Manager shall maintain an accurate accounting of Development Costs, which records Manager will make available to Owner Parties upon reasonable request from any Owner Party with reasonable frequency.
It is expressly understood and agreed by the Parties that Manager, in performing its obligations under this Agreement, shall be deemed an independent contractor and not an employee of any Owner Party and nothing contained in this Agreement shall be construed to mean that Manager and any Owner Party are joint venturers or partners or to establish any contractual relationship between any Owner Party and any Subcontractors.
To the fullest extent permitted by law, Contractor will indemnify, defend and hold each Owner Party harmless from and against any and all Claims arising out of or resulting from (i) Contractor’s or its Subcontractors failure to comply with the terms of the Contract Documents, or (ii) the performance of the Work, but only to the extent such Claims result from the acts or omissions of Contractor or its agents, employees or Subcontractor(s).
If such claim for infringement or other violation results in a suit against an Owner Party, Contractor shall, at its election and in the absence of a waiver of this indemnity by such Owner Party, have sole charge and direction of said suit on such Owner Party’s behalf so long as Contractor diligently prosecutes the same.