Common use of Liabilities of the Adviser Clause in Contracts

Liabilities of the Adviser. A. Except as provided below, in the absence of willful misfeasance, bad faith, gross negligence, or reckless disregard of obligations or duties hereunder on the part of the Adviser, the Adviser shall not be subject to liability to the Fund or to any shareholder of the Fund or its Portfolios for any act or omission in the course of, or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security or the making of any investment for or on behalf of the Fund.

Appears in 17 contracts

Samples: Investment Advisory Agreement (Roxbury Funds), Investment Advisory Agreement (Roxbury Funds), Investment Advisory Agreement (Morgan Keegan Select Fund Inc)

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Liabilities of the Adviser. A. Except as provided below, in the absence of willful misfeasance, bad faith, gross negligence, or reckless disregard of obligations or duties hereunder on the part of the Adviser, the Adviser shall not be subject to liability to the Fund or to any shareholder of the Fund or its Portfolios Series for any act or omission in the course of, or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security or the making of any investment for or on behalf of the Fund.

Appears in 17 contracts

Samples: Agreement (Wt Investment Trust I), Advisory Agreement (Wt Investment Trust I), Advisory Agreement (Wt Investment Trust I)

Liabilities of the Adviser. A. Except as provided below, in In the absence of willful misfeasance, bad faith, gross negligence, or reckless disregard of obligations or duties hereunder on the part of the Adviser, the Adviser shall not be subject to liability to the Fund Trust or the Funds or to any shareholder of the Fund or its Portfolios Funds for any act or omission in the course of, or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security or by the making of any investment for or on behalf of the FundFunds.

Appears in 8 contracts

Samples: Investment Management Agreement (Franklin Investors Securities Trust), Investment Management Agreement (Franklin Tax Free Trust), Investment Management Agreement (Franklin Tax Free Trust)

Liabilities of the Adviser. A. Except as provided below, in In the absence of willful misfeasance, bad faith, gross negligence, or reckless disregard of obligations or duties hereunder on the part of the Adviser, the Adviser shall not be subject to liability to the Fund Trust or the Funds or to any shareholder of the each Fund or its Portfolios for any act or omission in the course of, or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security or the making of any investment for or on behalf of the by each Fund.

Appears in 5 contracts

Samples: Franklin Global Trust (Franklin Global Trust), Franklin Global Trust (Franklin Global Trust), Franklin Global Trust (Franklin Global Trust)

Liabilities of the Adviser. A. Except as provided below, in the absence of willful misfeasance, bad faith, gross negligence, or reckless disregard of obligations or duties hereunder on the part of the Adviser, the Adviser shall not be subject to liability to the Fund Company or to any shareholder of the Company or the Fund or its Portfolios for any act or omission in the course of, or connected in connection with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security or the making of any investment for or on behalf of the FundCompany.

Appears in 2 contracts

Samples: Advisory Agreement (Morgan Keegan Select Fund Inc), Advisory Agreement (Morgan Keegan Select Fund Inc)

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Liabilities of the Adviser. A. Except as provided below, in In the absence of willful misfeasance, bad faith, gross negligence, or reckless disregard of obligations or duties hereunder on the part of the Adviser, the Adviser shall not be subject to liability to the Fund Trust or to any shareholder of the Fund or its Portfolios Trust for any act or of omission in the course of, or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security or by the making of any investment for or on behalf of the FundTrust.

Appears in 2 contracts

Samples: Investment Management Agreement (Franklin Federal Tax Free Income Fund), Investment Management Agreement (Franklin Federal Tax Free Income Fund)

Liabilities of the Adviser. A. Except as provided below, in the absence of willful misfeasance, bad faith, gross negligence, or reckless disregard of obligations or duties hereunder on the part of the Adviser, the Adviser shall not be subject to liability to the Fund Regions Funds or to any shareholder of the Regions Funds or any Fund or its Portfolios for any act or omission in the course of, or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security or the making of any investment for or on behalf of the FundRegions Funds.

Appears in 1 contract

Samples: Advisory Agreement (Regions Morgan Keegan Select Funds)

Liabilities of the Adviser. A. Except as provided below, in the absence of willful misfeasance, bad faith, gross negligence, or reckless disregard of obligations or duties hereunder on the part of the Adviser, the Adviser shall not be subject to liability to the Fund Trust or to any shareholder of the Trust or any Fund or its Portfolios for any act or omission in the course of, or connected in connection with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security or the making of any investment for or on behalf of the FundTrust.

Appears in 1 contract

Samples: Advisory Agreement (Regions Morgan Keegan Select Funds)

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