Direct Damages. The Custodian will be liable for the Client’s direct damages resulting from the negligence, willful default or fraud of the Custodian or its agents. The Custodian will not be liable for any damages or losses solely by reason of the liquidation or insolvency of its agents. Nothing in this section shall relieve the Custodian of its responsibility for the performance of its subcustodians and agents.
Appears in 11 contracts
Sources: Custodial Services Agreement (John Hancock Bond Trust), Custodial Services Agreement (John Hancock Funds II), Master Global Custodial Services Agreement (John Hancock Bond Trust)
Direct Damages. The Custodian will be liable for the Client’s direct damages resulting from the negligence, willful default wilful misconduct or fraud of the Custodian or its agentsany subcustodian, administrative support provider or their nominee. The Custodian will not be liable for any damages or losses solely by reason only of the liquidation or insolvency of its agents. Nothing in this section shall relieve any subcustodian or administrative support provider, other than a subcustodian or administrative support provider that is a branch of the Custodian of its responsibility for the performance of its subcustodians and agentsCustodian.
Appears in 3 contracts
Sources: Custodial Services Agreement (Victory Portfolios II), Custodial Services Agreement (Victory Portfolios), Custodial Services Agreement (Victory Portfolios)
Direct Damages. The Custodian will be liable for the Client’s 's direct damages resulting from the negligence, willful misconduct, willful default or fraud of the Custodian or its agents. The Custodian will not be liable for any damages or losses solely by reason only of the liquidation or insolvency of its agents. Nothing in this section shall relieve the Custodian of its responsibility for the performance of its subcustodians and agents...
Appears in 1 contract
Sources: Global Custodial Services Agreement (Context Capital Funds)
Direct Damages. The Custodian will be liable for tor the Client’s direct damages resulting from fi·om the negligence, willful default or fraud of the Custodian or its agents. The Custodian will not be liable for any damages or losses solely by reason only of the liquidation or insolvency of its agents. Nothing in this section shall relieve the Custodian of its responsibility for the performance of its subcustodians and agents.
Appears in 1 contract
Sources: Custodial Services Agreement (Boston Trust & Walden Funds)