Excepted Responsibilities Sample Clauses
The Excepted Responsibilities clause defines specific duties or obligations that are excluded from a party's general responsibilities under an agreement. In practice, this means that while a party may have broad responsibilities, certain tasks or risks—such as those arising from force majeure events, third-party actions, or regulatory changes—are carved out and not assumed by that party. This clause is essential for clarifying the limits of liability and ensuring that parties are not unfairly held accountable for matters beyond their control, thereby allocating risk more equitably and preventing disputes over unforeseen issues.
Excepted Responsibilities. The Manager shall not perform the following services pursuant to this Agreement:
1. Those performed by the custodian for the Trust under the Custodian Agreement between the Trust and State Street Bank and Trust Company or any successor custodian (the “Bank”);
2. Those performed by the distributor(s) of the Trust’s shares;
3. Those provided by the Trust’s independent legal counsel;
4. Those performed by the independent public accountants for the Trust;
5. Those performed by the Fund’s investment manager;
6. Those provided by the Trust’s independent trustees; and
7. Those provided by State Street Bank and Trust Company pursuant to a Transfer Agency Agreement.
Excepted Responsibilities. The Manager shall be required to perform the services, and will have only the obligations, specifically set forth in this Agreement. Without limiting the generality of the foregoing, the Manager shall not be required to perform the following services pursuant to this Agreement:
1. Custodial services;
2. Distribution services;
3. Investment management or advisory services;
Excepted Responsibilities. The Manager shall not perform the following services pursuant to this Agreement:
1. Those performed by the custodian for the Trust under the Custodian Agreement between the Trust and Investors Bank & Trust Company or any successor custodian (the "Bank");
2. Those performed by the distributor(s) of the Trust's shares; 3. Those provided by the Trust's independent legal counsel;