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<br /> . Notwlthstanding any grovlsion to the contrary conteined in this Agreament,Manager shaU „
<br /> :�r'°` have no responsibility for a failure of the Property to be in compliance wlth applicable laws�
<br /> """�"°� ardinances, rules� regulations or orders promulgated by any judicial, adminiatradva�
<br /> governtnental or quasi-governmental authority, other than to use its reasonable effoxt� to
<br /> perform its obligations hereunder. Fines,penalties, cost� antl related expenses incurred in •
<br /> � remedying any such vlolations shall be borne solely by the Owner, unless the same are tha -=
<br /> � result of any act or omission of Manager which constitutes negligence,fraud, nr wUlful or ��.';;,
<br /> :3 wanton mtsconduct. _
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<br /> �; 1.6 Service Contracts. Manager shall enter into or renew contracta with Qwner's 6-;°-
<br /> �. consent at reasonable rates wI�►qualt�ed independe�t comtractors for electrlcity, gas. fual, �
<br /> ,� water, telephone, garbage removal, malntenance, and other soivices requlred for the �.-J-_;
<br /> ' Properry and efflcIent operation of the Property, in 4he ordinary course of business, Such
<br /> service contracts shaU,if possible,be in the name of Manager and shall includa a proviaian ���s�
<br /> for camcellation thereof upon not less than thirty (30) days written notice, unless such ��_
<br /> provision is not practical or customary. Any seivice contract which does not pravIde for --
<br /> � cancellation on thirty (30) days prior notice shall be subject to Qwner's prior coasen� ---
<br /> . Owner shall indemnify and Y�old h=;rmless Mariager from and against eny and aU futancial
<br /> '' , �t � obHgations erlaing under any secvice contract taken in Manager's name pursuant hereto
<br /> except those,i£any,which were not approved by Owner or not cancelablo upon thirty (30)
<br />,;�,��, �� days written notice,unless Owner expressly approves and assumes same. if this Agreement -
<br /> is terminated,Manager shall, at Owner's option, assig�a to Owner or Ouvner's noininee all
<br /> ::;;;,_,�:; servIce contracts pertaining to the Property. Manager shall also puYChasa after Owner's
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<br /> ==�:;��i1.,,s approval and at re�sonable rates, all supplies� materiaLs, and equipment nece�sary to
<br /> �=� �����' maintain and operate the Property. Any rebate or discount obtained by Manager in
<br /> --'r�'�°'� connection with such purchases shall be for the benefit of th� Owner.
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<br /> ��'��:�"� 1.7 Rent Collection. Manager shall account to Owner for all rents and ather
<br /> =```���'� charges collected by Manager in relation to the Property which accountinng shall includc an -
<br /> "-�`� itemization in detail satisfactory to Owner reflecting aU such collecdons.
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<br /> ���� 1.8 Sugen+ision of Imp�ovements. Manager shall supeivise the construc�on,
<br /> � _�� reconstruction, completion, addirion, extension or madifiication of improvements to the �
<br /> --- „: Prnperty which have been ordered by Ownar. In addition,Manager ma,y negotlate contracts __
<br /> _ --�=--� with �11 necessary contractors, �ubcontraceors, �;�aterlalruen, supplfers� architects and =
<br />- ��-="-�� engineers on behal£o£Owner, and muy compromise and settle any dispute or claim arlsing `"
<br /> �---v �� - therefram unlass the amount at issue exceeds t;ie greatar of(i) 10°Jo of the contract amoynt
<br /> -�"""—"���� or(ii)$25,OOO.QO,in wYoich case Managtir shall Hrst obtain Owner's consent before 8nalizing
<br /> --�--==T-a� any such cantract, compromise or settlement.
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<br /> �`��'��� �'� 1.9 Additional Re�uirements. �z► addirion to and as a clarification of, but in no
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<br /> -`����-"=�'� way limiting the foregoing, the Manager shall also be responsible for di�following:
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<br />- . (a) Manager shall condnct reasonab�e investigations of prospect'rve tenants. =-
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