Common use of Advisor’s Duty of Care Clause in Contracts

Advisor’s Duty of Care. The Advisor shall discharge its duties with respect to the Subaccount solely in the interests of the participants in the Plans and their beneficiaries with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims. The Advisor shall not be responsible for the operation or administration of the Trusts or the Plans. The Advisor shall have no investment advisory responsibilities other than those expressly provided in this Agreement. The Advisor shall discharge its duties in accordance with the requirements of ERISA, other applicable law and this Agreement.

Appears in 34 contracts

Samples: Investment Advisor Agreement, Investment Advisor Agreement (American Bar Association Members / Northern Trust Collective Tr), Investment Advisor Agreement (American Bar Association Members / Northern Trust Collective Tr)

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Advisor’s Duty of Care. The Advisor shall discharge its duties with respect to the Subaccount solely in the interests of the participants in the Plans and their beneficiaries with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims. The Advisor shall not be responsible for the operation or administration of the Trusts or the Plans. The Advisor shall have no investment advisory responsibilities other than those expressly provided in this Agreement. The Advisor shall discharge its duties in accordance with the requirements of ERISA, other applicable law Applicable Law and this Agreement.

Appears in 11 contracts

Samples: Investment Advisor Agreement (American Bar Association Members State Street Collective Tr), Investment Advisor Agreement (American Bar Association Members State Street Collective Tr), Investment Advisor Agreement (American Bar Association Members State Street Collective Tr)

Advisor’s Duty of Care. The Advisor shall discharge its ---------------------- duties with respect to the Subaccount solely in the interests of the participants in the Plans and their beneficiaries with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims. The Advisor shall not be responsible for the operation or administration of the Trusts or the Plans. The Advisor shall have no investment advisory responsibilities other than those expressly provided in this Agreement. The Advisor shall discharge its duties in accordance with the requirements of ERISA, other applicable law and this Agreement.

Appears in 3 contracts

Samples: Investment Advisor Agreement (American Bar Association Members State Street Collective Tr), Investment Advisor Agreement (American Bar Association Members State Street Collective Tr), Investment Advisor Agreement (American Bar Association Members State Street Collective Tr)

Advisor’s Duty of Care. The Advisor shall discharge its duties with respect to the Subaccount solely in the interests of the participants in the Plans and their beneficiaries with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims. The Advisor shall not be responsible for the operation or administration of the Trusts or the Plans. The Advisor shall have no investment advisory responsibilities other than those expressly provided in this Agreement. The Advisor shall discharge its duties in accordance with the applicable requirements of ERISA, other applicable law Applicable Law and this Agreement.

Appears in 2 contracts

Samples: Investment Advisor Agreement (American Bar Association Members / Northern Trust Collective Tr), Investment Advisor Agreement (American Bar Association Members State Street Collective Tr)

Advisor’s Duty of Care. The Advisor shall discharge its duties with respect to the Subaccount under this Agreement solely in the interests of the participants in the Plans and their beneficiaries with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims. The Advisor shall not be responsible for the operation or administration of the Trusts or the Plans. The Advisor shall have no investment advisory responsibilities other than those expressly provided in this Agreement. The Advisor shall discharge its duties in accordance with the requirements of ERISA, other applicable law and this Agreement.

Appears in 1 contract

Samples: Investment Advisor Agreement (American Bar Association Members / Northern Trust Collective Tr)

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Advisor’s Duty of Care. The Advisor shall discharge its duties with respect to the Subaccount solely in the interests of the participants in the Plans and their beneficiaries with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims. The Advisor shall not be responsible for the operation or administration of the Trusts or the Plans. The Advisor shall have no investment advisory responsibilities with respect to the Subaccount other than those expressly provided in this Agreement. The Advisor shall discharge its duties in accordance with the requirements of ERISA, other applicable law and this Agreement.

Appears in 1 contract

Samples: Investment Advisor Agreement (American Bar Association Members State Street Collective Tr)

Advisor’s Duty of Care. The Advisor shall discharge its duties ---------------------- with respect to the Subaccount solely in the interests of the participants in the Plans and their beneficiaries with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims. The Advisor shall not be responsible for the operation or administration of the Trusts or the Plans. The Advisor shall have no investment advisory responsibilities other than those expressly provided in this Agreement. The Advisor shall discharge its duties in accordance with the requirements of ERISA, other applicable law and this Agreement.

Appears in 1 contract

Samples: Investment Advisor Agreement (American Bar Association Members State Street Collective Tr)

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