Common use of Liability of Adviser Clause in Contracts

Liability of Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard by the Adviser of its obligations and duties hereunder, the Adviser shall not be subject to any liability whatsoever to the Fund, or to any shareholder of the Fund, for any error of judgment, mistake of law or any other act or omission in the course of, or connected with, rendering services hereunder including, without limitation, for any losses that may be sustained in connection with the purchase, holding, redemption or sale of any security on behalf of the Fund.

Appears in 55 contracts

Samples: Investment Advisory Agreement (Abn Amro Funds), Agreement (Alleghany Funds), Investment Advisory Agreement (Abn Amro Funds)

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Liability of Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard by the Adviser of its obligations and duties hereunder, the Adviser shall not be subject to any liability whatsoever to the Fund, or to any shareholder of the Fund, for any error of judgment, mistake of law or any other act or omission in the course of, or connected with, rendering services hereunder including, without limitation, for any losses that may be sustained in connection with the purchase, holding, redemption or sale of any security on behalf of the Fund. 8.

Appears in 12 contracts

Samples: Investment Advisory Agreement (Alleghany Funds), Investment Advisory Agreement (Alleghany Funds), Investment Advisory Agreement (Alleghany Funds)

Liability of Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard by of obligations or duties hereunder on the part of the Adviser or any of its obligations and duties hereunderofficers, directors, employees or agents, the Adviser shall not be subject to any liability whatsoever to the Fund, Company or to any shareholder of the Fund, Company for any error of judgment, mistake of law or any other act or omission in the course of, or connected with, rendering services hereunder including, without limitation, or for any losses that may be sustained in connection with the purchase, holding, redemption holding or sale of any security on behalf of the Fundsecurity.

Appears in 9 contracts

Samples: Investment Advisory Agreement (Nations Fund Portfolios Inc), Investment Advisory Agreement (Nations Fund Inc), Investment Advisory Agreement (Nations Fund Inc)

Liability of Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard by the Adviser of its obligations and duties hereunder, the Adviser shall not be subject to any liability whatsoever to the Fund, or to any shareholder of the Fund, for any error of judgmentjudgement, mistake of law or any other act or omission in the course of, or connected with, rendering services hereunder including, without limitation, for any losses that may be sustained in connection with the purchase, holding, redemption or sale of any security on behalf of the Fund.

Appears in 5 contracts

Samples: Investment Advisory Agreement (Bjurman Funds), Investment Advisory Agreement (Bjurman Funds), Investment Advisory Agreement (Bjurman Barry Funds)

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Liability of Adviser. In the absence of (a) willful misfeasance, bad faith, faith or gross negligence on the part of the Adviser in performance of its obligations and duties hereunder, or (b) reckless disregard by the Adviser of its obligations and duties hereunder, the Adviser shall not be subject to any liability whatsoever to the FundTrust, the Funds, or to any shareholder of the Fund, Shareholder for any error of judgment, mistake of law or any other act or omission in the course of, or connected with, rendering services hereunder including, without limitation, for any losses that may be sustained in connection with the purchase, holding, redemption or sale of any security on behalf of the FundFunds.

Appears in 4 contracts

Samples: Investment Management Agreement (Oaktree Funds), Investment Advisory Agreement (KKR Series Trust), Investment Management Agreement (Oaktree Funds)

Liability of Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard by the Adviser of its obligations and duties hereunder, the Adviser shall not be subject to any liability whatsoever to the a Fund, or to any shareholder of the a Fund, for any error of judgment, mistake of law or any other act or omission in the course of, or connected with, rendering services hereunder including, without limitation, for any losses that may be sustained in connection with the purchase, holding, redemption or sale of any security on behalf of the a Fund.

Appears in 4 contracts

Samples: Investment Advisory Agreement (Aston Funds), Investment Advisory Agreement (Aston Funds), Investment Advisory Agreement (Aston Funds)

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