Disaster Recovery. SEI Trust shall enter into and shall maintain in effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is available. In the event of equipment failures, SEI Trust shall, at no additional expense to the Fund, take reasonable steps to minimize service interruptions. SEI Trust shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not caused by SEI Trust's own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.
Appears in 33 contracts
Samples: Custodian Services Agreement (Madison Harbor Balanced Strategies Inc), Custodian Services Agreement (Mercantile Long Short Manager Fund LLC), Custodian Services Agreement (Old Mutual 21oo Emerging Managers Institutional Fund, LLC)
Disaster Recovery. SEI Trust shall enter into and shall maintain in effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is available. In the event of equipment failures, SEI Trust shall, at no additional expense to the Fund, take reasonable steps to minimize service interruptions. SEI Trust shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not caused by SEI Trust's ’s own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.
Appears in 11 contracts
Samples: Custodian Services Agreement (Mercantile Alternative Strategies Fund LLC), Custodian Services Agreement (Mercantile Absolute Return Fund for Tax-Exempt/Deferred Investors (TEDI) LLC), Custodian Services Agreement (Mercantile Long Short Manager Fund LLC)
Disaster Recovery. SEI Trust shall maintain a commercially reasonable disaster recovery plan and shall enter into and shall maintain in effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is available. In the event of equipment failures, SEI Trust shall, at no additional expense to the Fund, take reasonable steps to minimize service interruptions. SEI Trust shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not caused by SEI Trust's own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.
Appears in 2 contracts
Samples: Custodian Services Agreement (Bacap Alternative Mult Strategy Fund LLC), Custodian Services Agreement (Bacap Alternative Mult Strategy Fund LLC)
Disaster Recovery. SEI Trust shall enter into and shall maintain in effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is available. In the event of equipment failures, SEI Trust shall, at no additional expense to the Feeder Fund, take reasonable steps to minimize service interruptions. SEI Trust shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not caused by SEI Trust's own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.
Appears in 1 contract
Samples: Custodian Services Agreement (Goldman Sachs Hedge Fund Partners Registered Fund LLC)
Disaster Recovery. SEI Trust shall enter into and shall maintain in effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is available. In the event of equipment failures, SEI Trust shall, at no additional expense to the Master Fund, take reasonable steps to minimize service interruptions. SEI Trust shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not caused by SEI Trust's own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.
Appears in 1 contract
Samples: Custodian Services Agreement (Goldman Sachs Hedge Fund Partners Registered Master Fund, LLC)
Disaster Recovery. SEI Trust shall enter into and shall maintain in effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment to the extent appropriate equipment is available. In the event of equipment failures, SEI Trust shall, at no additional expense to the FundFunds, take reasonable steps to minimize service interruptions. SEI Trust shall have no liability with respect to the loss of data or service interruptions caused by equipment failure provided such loss or interruption is not caused by SEI Trust's own willful misfeasance, bad faith, gross negligence or reckless disregard of its duties or obligations under this Agreement.
Appears in 1 contract
