Common use of Liability for Subcustodians Clause in Contracts

Liability for Subcustodians. (a) Subject to the limitations of liability of Bank set forth in paragraph (b) of Section 7.1 of the DCA, Bank will be liable only for direct losses incurred by Customer that result from:

Appears in 3 contracts

Samples: Domestic Custody Agreement (Mma Praxis Mutual Funds), Domestic Custody Agreement (FBR Funds), NETS Trust

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Liability for Subcustodians. (a) Subject to the limitations of liability of Bank set forth in paragraph (b) of Section 7.1 of the DCA, but exclusive of the limitations of liability in respect of Agents as set forth in Section 5.2 of the DCA, Bank will be liable only for direct losses incurred by Customer that result from:

Appears in 1 contract

Samples: Domestic Custody Agreement (Proshares Trust)

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