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Agenda - Council - 12/14/2010
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Agenda - Council - 12/14/2010
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3/18/2025 2:50:29 PM
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12/9/2010 9:17:30 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
12/14/2010
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• <br />P6 <br />Manager and Owner. Manager will be named as additional' insured on all liability policies. <br />Owner shall provide Manager with , copies of certificates of insurance on all insurance <br />hereirtabove required. <br />3.3, W_l_iy,es_g_aulaaggaz. Manager and Owner shall endeavor in good faith to <br />obtain waivers of subrogation from f s waiver waiver is not <br />available, provide reasonable evidence thereof to the party. If such <br />available, such party shall advise the other party thereof inwriting. <br />3.4. Indemnification of Owner. Manager agrees to hold and save Owner free and <br />harmless from any and ail liabilities, damages, claims, causes of action, or costs or other <br />expenses, including without limitation reasonable attorneys' fees, paid or incurred. by Owner as <br />a direct and proximate result of negligent acts, omissions, or intentional misconduct of <br />Manager, its employees or agents. In connection with any such claim asserted against Owner, <br />its agents, or employees, Manager shall defend such party with legal counsel reasonable <br />acceptable to Owner. <br />3.5.. Ind • ' : ratio o 4._ er. Owner agrees to hold <br />of action, oracosts free <br />other <br />harmless from any and all liabilities, damages, claims, cau.s e <br />expenses, including without limitation reasonable attorneys' fees, paid or incurred by Manager, <br />the conduct of its agents and employees, within the scope of this Agreement in its capacity as <br />property manager hereunder, except for (i) claims based on the negligent acts, omissions, or <br />intentional misconduct of Manager, its agents or employees or (ii) acts of Manager, its agents or <br />employees, outside the scope of Manager's duties hereunder. In connection with any such <br />claim against Manager, its agents or employees, Owner shall defend such party with legal <br />counsel reasonably acceptable to Manager. <br />ARTICLE W. <br />COMPENSATION <br />4.1. Property Management Fees. In addition to other amounts payable hereunder, <br />perty <br />Owner agrees to pay Manager each calendar ter <br />part hereof, all <br />management fee as set forth as Exhibit B att ached hereto and made <br />management services provided pursuant to the terms of this Agreement <br />4.2. Operating Funds. In addition to the fees described in Section 4.1, Owner shall <br />provide funds to Manager in order to pay any and all related operating expenses with respect to <br />the premises on a current basis, in accordance with the Approved Budget or otherwise as <br />authorized hereunder, including without limitation the applicable cost. <br />a <br />-5- <br />
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