Liability of Portfolio Supervisor. The Portfolio Supervisor shall be under no liability to the Unit holders for any action taken or for refraining from the taking of any action in good faith pursuant to this Indenture or for errors in judgment, but shall be liable only for its own willful misfeasance, bad faith or gross negligence in the performance of its duties or by reason of its reckless disregard of its obligations and duties hereunder."
Appears in 2728 contracts
Samples: Trust Agreement (Ft 10103), Trust Agreement (First Trust Combined Series 614), Trust Agreement (Ft 9986)
Liability of Portfolio Supervisor. The Portfolio Supervisor shall be under no liability to the Unit holders for any action taken or for refraining from the taking of any action in good faith pursuant to this Indenture or for errors in judgment, but shall be liable only for its own willful misfeasance, bad faith or gross negligence in the performance of its duties or by reason of its reckless disregard of its obligations and duties hereunder."β
Appears in 16 contracts
Samples: Trust Agreement (First Trust Combined Series 608), Trust Agreement (First Trust Combined Series 607), Trust Agreement (First Trust Combined Series 606)
