Exculpation; Indemnification. 5.1 The Distributor shall not be liable to the Service Organization and the Service Organization shall not be liable to the Distributor except for acts or failures to act which constitute lack of good faith or gross negligence and for obligations expressly assumed by either party hereunder. Nothing contained in this Agreement is intended to operate as a waiver by the Distributor or by the Service Organization of compliance with any applicable federal or state law, rule, or regulation and the rules and regulations promulgated by the National Association of Securities Dealers, Inc.
Appears in 3 contracts
Samples: Shareholder Services Agreement (One Group Mutual Funds), Services Agreement (One Group Mutual Funds), Shareholder Servicing Agreement (One Group)
Exculpation; Indemnification. 5.1 The Distributor shall not be liable to the Service Participating Organization and the Service Participating Organization shall not be liable to the Distributor except for acts or failures to act which constitute lack of good faith or gross negligence and for obligations expressly assumed by either party hereunder. Nothing contained in this Agreement is intended to operate as a waiver by the Distributor or by the Service Participating Organization of compliance with any applicable federal or state law, rule, or regulation and the rules and regulations promulgated by the National Association of Securities Dealers, Inc.
Appears in 3 contracts
Samples: Shareholder Servicing Agreement (Coventry Group), Shareholder Servicing Agreement (Sanwa Mutual Funds Group), Shareholder Services Agreement (One Group Mutual Funds)
