Concerning the Bank. For purposes of this Schedule E only, provided it has acted in good faith and without negligence, the Custodian shall not be liable for: (a)......the due authority of any Authorized Person acting on behalf of the Fund in connection with the services to be provided pursuant to this Schedule E; (b)......any disbursement directed by the Fund, regardless of the purpose therefor; or (c)......the propriety of any transaction in any Account or Omnibus Account.
Concerning the Bank. 16 20 13.1 PERFORMANCE OF DUTIES; STANDARD OF CARE. In performing its duties hereunder and any other duties listed on any Schedule hereto, if any, the Bank will be entitled to receive and act upon the advice of independent counsel of its own selection and reasonably acceptable to the Trust, which may be counsel for the Trust, and will be without liability for any action taken or thing done or omitted to be done in accordance with this Agreement in good faith in conformity with such advice. In the performance of its duties hereunder, the Bank will be protected and not be liable, and will be indemnified and saved harmless for any action taken or omitted to be taken by it in good faith reliance upon the terms of this Agreement, any Officers' Certificate, Proper Instructions, resolution of the Board, telegram, notice, request, certificate or other instrument reasonably believed by the Bank to be genuine and for any other loss to any Portfolio of the Trust except in the case of its gross negligence, willful misfeasance or bad faith in the performance of its duties or reckless disregard of its obligations and duties hereunder. The Bank will be under no duty or obligation to inquire into and will not be liable for:
Concerning the Bank