Common use of Advice and Reliance Clause in Contracts

Advice and Reliance. A. DSC may consult with DSC’s or the Funds’ counsel, independent accountant and other experts with respect to any matter arising in connection with the Services performed by DSC, and DSC shall not be liable nor accountable for any action taken or omitted by it in good faith in accordance with the advice of such counsel, independent accountant or other experts. DSC shall in no event be liable to the Funds or any Fund shareholder or beneficial owner for any action reasonably taken pursuant to such advice. B. DSC agrees to cooperate with the Funds’ independent accountant, to reasonably support the independent accountant’s engagement with the Funds, and to provide the independent accountant reasonable access to the Records. DSC also agrees to provide periodic sub-certifications to each Fund’s chief compliance officer and certifying principal executive and financial officers relating to the Services DSC performs, based on a form of sub-certification that DSC and the Funds mutually and reasonably agree to, and subject to such limitations as may be reasonable or necessary to not make a material misstatement, omission or untrue statement of fact.

Appears in 29 contracts

Sources: Fund Accounting and Financial Administration Oversight Agreement (Delaware Group Equity Funds Iv), Fund Accounting and Financial Administration Oversight Agreement (Delaware Group State Tax-Free Income Trust), Fund Accounting and Financial Administration Oversight Agreement (Delaware Group Tax Free Fund)

Advice and Reliance. A. DSC may consult with DSC’s 's or the Funds' counsel, independent accountant and other experts with respect to any matter arising in connection with the Services performed by DSC, and DSC shall not be liable nor accountable for any action taken or omitted by it in good faith in accordance with the advice of such counsel, independent accountant or other experts. DSC shall in no event be liable to the Funds or any Fund shareholder or beneficial owner for any action reasonably taken pursuant to such advice. B. DSC agrees to cooperate with the Funds' independent accountant, to reasonably support the independent accountant’s 's engagement with the Funds, and to provide the independent accountant reasonable access to the Records. DSC also agrees to provide periodic sub-certifications to each Fund’s 's chief compliance officer and certifying principal executive and financial officers relating to the Services DSC performs, based on a form of sub-certification that DSC and the Funds mutually and reasonably agree to, and subject to such limitations as may be reasonable or necessary to not make a material misstatement, omission or untrue statement of fact.

Appears in 2 contracts

Sources: Fund Accounting and Financial Administration Oversight Agreement (Lincoln Variable Insurance Products Trust), Fund Accounting and Financial Administration Oversight Agreement (Lincoln Variable Insurance Products Trust)

Advice and Reliance. A. DSC may consult with DSC’s or the Funds’ Fund’s counsel, independent accountant and other experts with respect to any matter arising in connection with the Services performed by DSC, and DSC shall not be liable nor accountable for any action taken or omitted by it in good faith in accordance with the advice of such counsel, independent accountant or other experts. DSC shall in no event be liable to the Funds Fund or any Fund shareholder or beneficial owner for any action reasonably taken pursuant to such advice. B. DSC agrees to cooperate with the Funds’ Fund’s independent accountant, to reasonably support the independent accountant’s engagement with the FundsFund, and to provide the independent accountant reasonable access to the Records. DSC also agrees to provide periodic sub-certifications to each the Fund’s chief compliance officer and certifying principal executive and financial officers relating to the Services DSC performs, based on a form of sub-certification that DSC and the Funds Fund mutually and reasonably agree to, and subject to such limitations as may be reasonable or necessary to not make a material misstatement, omission or untrue statement of fact.

Appears in 1 contract

Sources: Fund Accounting and Financial Administration Oversight Agreement (Optimum Fund Trust)