Common use of Liability of Adviser Clause in Contracts

Liability of Adviser. No provision of this Agreement will be deemed to protect the Adviser against any liability to the Fund or its shareholders to which it might otherwise be subject by reason of any willful misfeasance, bad faith or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

Appears in 23 contracts

Samples: Investment Advisory Agreement (Vanguard Variable Insurance Fund), Investment Advisory Agreement (Vanguard Specialized Funds), Investment Advisory Agreement (Vanguard Whitehall Funds)

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Liability of Adviser. No provision of this Agreement will be deemed to protect the Adviser against any liability to the Fund or its shareholders to which it might otherwise be subject by reason of any willful misfeasance, bad faith or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

Appears in 8 contracts

Samples: Investment Advisory Agreement (Vanguard Explorer Fund Inc), Investment Advisory Agreement (Vanguard Explorer Fund), Investment Advisory Agreement (Vanguard Asset Allocation Fund Inc)

Liability of Adviser. No provision of this Agreement will be deemed to protect the Adviser against any liability to the Fund, the Fund or its their shareholders to which it might otherwise be subject by reason of any willful misfeasance, bad faith or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

Appears in 7 contracts

Samples: Investment Advisory Agreement (Vanguard World Funds), Investment Advisory Agreement (Vanguard Variable Insurance Fund), Investment Advisory Agreement (Vanguard World Fund Inc)

Liability of Adviser. No provision of this Agreement will be deemed to protect the Adviser against any liability to the Fund Fund, or its shareholders to which it might otherwise be subject by reason of any willful misfeasance, bad faith or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

Appears in 7 contracts

Samples: Investment Advisory Agreement (Vanguard Variable Insurance Fund), Investment Advisory Agreement (Vanguard Malvern Funds), Investment Advisory Agreement (Vanguard Malvern Funds)

Liability of Adviser. No provision of this Agreement will be deemed to protect the Adviser against any liability to the Company, the Fund or its their shareholders to which it might otherwise be subject by reason of any willful misfeasance, bad faith or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

Appears in 7 contracts

Samples: Investment Advisory Agreement (Vanguard Fenway Funds), Investment Advisory Agreement (Vanguard/Windsor Funds Inc), Investment Advisory Agreement (Vanguard/Windsor Funds Inc)

Liability of Adviser. No provision of this Agreement will shall be deemed to protect the Adviser Advisor against any liability to the Fund or its shareholders to which it might otherwise be subject by reason of any willful misfeasance, bad faith or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

Appears in 5 contracts

Samples: Investment Advisory Agreement (Vanguard Fixed Income Securities Funds), Investment Advisory Agreement (Vanguard Fixed Income Securities Funds), Investment Advisory Agreement (Vanguard Fixed Income Securities Funds)

Liability of Adviser. No provision of this Agreement will be deemed to protect the Adviser against any liability to the Fund Portfolio or its shareholders to which it might otherwise be subject by reason of any willful misfeasance, bad faith or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

Appears in 4 contracts

Samples: Investment Advisory Agreement (Vanguard Variable Insurance Fund), Investment Advisory Agreement (Vanguard Variable Insurance Fund), Investment Advisory Agreement (Vanguard Variable Insurance Fund)

Liability of Adviser. No provision of this Agreement will shall be deemed to protect the Adviser against any liability to the Fund or its shareholders to which it might otherwise be subject by reason of any willful misfeasance, bad faith or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

Appears in 3 contracts

Samples: Investment Advisory Agreement (Vanguard Specialized Funds), Investment Advisory Agreement (Vanguard Fixed Income Securities Funds), Investment Advisory Agreement (Vanguard Horizon Fund Inc)

Liability of Adviser. No provision of this Agreement will be deemed to protect the Adviser against any liability to the Fund Company, the Fund, or its shareholders shareholders, to which it might otherwise be subject by reason of any willful misfeasance, bad faith faith, or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

Appears in 2 contracts

Samples: Investment Advisory Agreement (Vanguard/Windsor Funds Inc), Investment Advisory Agreement (Vanguard Windsor Funds/)

Liability of Adviser. No provision of this Agreement will shall be deemed to protect the Adviser against any liability to the Fund Trust or its shareholders to which it might otherwise be subject by reason of any willful misfeasance, bad faith faith, or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.gross

Appears in 2 contracts

Samples: American Aadvantage Funds Investment Advisory Agreement (American Aadvantage Funds), Investment Advisory Agreement (American Aadvantage Funds)

Liability of Adviser. No provision of this Agreement will shall be deemed to protect the Adviser against any liability to 4 the Fund Trust or its shareholders to which it might otherwise be subject by reason of any willful misfeasance, bad faith faith, or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

Appears in 2 contracts

Samples: American Aadvantage Funds Investment Advisory Agreement (American Aadvantage Funds), American Aadvantage Mileage Funds

Liability of Adviser. No provision of this Agreement will shall be deemed to protect the Adviser against any liability to the Fund or its shareholders to which it might otherwise be subject by reason of any willful misfeasance, bad faith or gross negligence in the performance of its duties or or, the reckless disregard of its obligations under this Agreement.

Appears in 2 contracts

Samples: Funds Investment Advisory Agreement (Vanguard Specialized Funds), Investment Advisory Agreement (Vanguard Specialized Funds)

Liability of Adviser. No provision of this Agreement will shall be deemed to protect the Adviser against any liability to the Fund Trust or its shareholders to which it might otherwise be subject by reason of any willful misfeasance, bad faith or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

Appears in 1 contract

Samples: Investment Advisory Agreement (Vanguard Specialized Funds)

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Liability of Adviser. No provision of this Agreement will shall be deemed to protect the Adviser against any liability to the Fund Fund, the Portfolio or its the Portfolio's shareholders to which it might otherwise be subject by reason of any willful misfeasance, bad faith or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement. 8.

Appears in 1 contract

Samples: Investment Advisory Agreement Agreement (Vanguard Horizon Fund Inc)

Liability of Adviser. No provision of this Agreement will shall be deemed to protect the Adviser against any liability to the Fund or its shareholders stockholders to which it might otherwise be subject by reason of on any willful misfeasance, bad faith or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

Appears in 1 contract

Samples: Investment Advisory Agreement (Vanguard Morgan Growth Fund)

Liability of Adviser. No provision of this Agreement will shall be deemed to protect the Adviser against any liability to the Fund or its shareholders to which it might otherwise be subject by reason of any willful misfeasance, bad faith or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement. Federal and state securities laws impose liabilities under certain circumstances on persons who act in good faith, and therefore nothing herein shall in any way constitute a waiver or limitation of any rights which the Fund or its shareholders may have under such laws.

Appears in 1 contract

Samples: Advisory Agreement (Vanguard Convertible Securities Fund)

Liability of Adviser. No provision of this Agreement will shall be deemed to protect the Adviser against any liability to the Fund Mileage Trust or its shareholders to which it might otherwise be subject by reason of any willful misfeasance, bad faith faith, or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

Appears in 1 contract

Samples: Funds Investment Advisory Agreement (American Aadvantage Mileage Funds)

Liability of Adviser. No provision of this Agreement will shall be deemed to protect the Adviser against any liability to the Fund Fund, the Portfolio or its the Portfolio's shareholders to which it might otherwise be subject by reason of any willful misfeasance, bad faith or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

Appears in 1 contract

Samples: Investment Advisory Agreement (Vanguard Horizon Fund Inc)

Liability of Adviser. No provision of this Agreement will be deemed to protect the Adviser against any liability to the Company, the Fund or its their shareholders to which it might otherwise be subject by reason of any willful misfeasance, bad faith or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement. 9.

Appears in 1 contract

Samples: Investment Advisory Agreement (Vanguard Fenway Funds)

Liability of Adviser. No provision of this Agreement will shall be deemed to protect the Adviser against any liability to the Fund Trust or its shareholders to which it might otherwise be subject by reason of any willful misfeasance, bad faith faith, or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement. 4 9.

Appears in 1 contract

Samples: American Aadvantage Funds Investment Advisory Agreement (American Aadvantage Funds)

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