Common use of Liability of Sub-Adviser Clause in Contracts

Liability of Sub-Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Sub-Adviser or any of its officers, directors or employees, the Sub-Adviser shall not be subject to liability to the Investment Adviser 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.

Appears in 24 contracts

Samples: Subadvisory Agreement (Ing Funds Trust), Sub Advisory Agreement (Ing Mutual Funds), Subadvisory Agreement (Ing Funds Trust)

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Liability of Sub-Adviser. In The Sub-Adviser shall not be liable for any error of judgment or mistake of law or for any loss suffered by the absence Adviser or the Trust in connection with the performance of this Agreement, except that the Sub-Adviser shall be liable to the Adviser or the Trust for any loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or any loss resulting from willful misfeasance, bad faith, gross faith or negligence or reckless disregard of obligations or duties hereunder on the part of the Sub-Adviser or any in the performance of its officers, directors duties or employees, the Sub-Adviser shall not be subject to liability to the Investment Adviser 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 from reckless disregard by it of any securityits obligations and duties under this Agreement.

Appears in 16 contracts

Samples: Sub Advisory Agreement (Neiman Funds), Sub Advisory Agreement (Neiman Funds), Sub Advisory Agreement (Sycuan Funds)

Liability of Sub-Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Sub-Adviser or any of its officers, directors directors, employees or employeesagents, the Sub-Adviser shall not be subject to liability to the Investment Adviser or to the Company 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.

Appears in 8 contracts

Samples: Sub Advisory Agreement (Nations Fund Inc), Sub Advisory Agreement (Nations Fund Inc), Sub Advisory Agreement (Nations Fund Inc)

Liability of Sub-Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Sub-Adviser or any of its officers, directors or employees, the Sub-Adviser shall not be subject to liability to the Investment Adviser 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.

Appears in 8 contracts

Samples: Agreement (Aim Variable Insurance Funds Inc), Sub Advisory Agreement (Aim Equity Funds), Agreement (Aim Equity Funds Inc)

Liability of Sub-Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Sub-Adviser or any of its officers, directors or employees, the Sub-Adviser shall not be subject to liability to the Investment Adviser for any act or omission in the course of, or connected with, rendering services hereunder or for any losses that than may be sustained in the purchase, holding or sale of any security.

Appears in 6 contracts

Samples: Subadvisory Agreement (Ing Funds Trust), Subadvisory Agreement (Ing Funds Trust), Subadvisory Agreement (Ing Funds Trust)

Liability of Sub-Adviser. In In. the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Sub-Adviser or any of its officers, directors or employees, the Sub-Adviser shall not be subject to liability to the Investment Adviser 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.

Appears in 2 contracts

Samples: Agreement (Pilgrim Funds Trust), Subadvisory Agreement (Ing Funds Trust)

Liability of Sub-Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Sub-Adviser or any of its officers, directors directors, employees or employeesagents, the Sub-Adviser shall not be subject to liability to the Investment Adviser or to the Company 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.

Appears in 2 contracts

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

Liability of Sub-Adviser. In (a) The Sub-Adviser shall not be liable to the absence Trust, the Fund, the Adviser or to any of their respective affiliates or to any shareholder for any error of judgment, mistake of law or for any loss suffered by the Fund in connection with the performance of this Agreement, except for a loss resulting from the Sub-Adviser's (i) willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on in the part of the Sub-Adviser or any performance of its officers, directors or employees, the Sub-Adviser shall not be subject to liability to the Investment Adviser for any act or omission in the course ofobligations and duties hereunder, or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale (ii) material breach of any securitythis Agreement.

Appears in 2 contracts

Samples: Sub Advisory Agreement (Blackrock Funds), Sub Advisory Agreement (Blackrock Funds)

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Liability of Sub-Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Sub-Adviser or any of its officers, directors directors, employees or employeesagents, the Sub-Adviser shall not be subject to liability to the Investment Adviser or to the Trust 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.

Appears in 1 contract

Samples: Sub Advisory Agreement (Nations Institutional Reserves)

Liability of Sub-Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Sub-Adviser or any of its officers, directors directors, employees or employeesagents, the Sub-Adviser shall not be subject to liability to the Investment Adviser or to the Trustees 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.

Appears in 1 contract

Samples: Sub Advisory Agreement (Nations Fund Trust)

Liability of Sub-Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Sub-Adviser or any of its officers, directors or employees, the Sub-Adviser shall not be subject to liability to the Investment Adviser 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.,

Appears in 1 contract

Samples: Subadvisory Agreement (Ing Funds Trust)

Liability of Sub-Adviser. In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Sub-Adviser or any of its officers, directors or employees, the Sub-Adviser shall not be subject to liability to the Investment Adviser 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.rendering

Appears in 1 contract

Samples: Subadvisory Agreement (Ing Funds Trust)

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