Liability of the Administrator. To the extent consistent with applicable law, the Administrator shall not be liable for any loss sustained by reason of good faith errors or omissions of the Administrator or any affiliate of the Administrator, or their respective directors, officers or employees, in connection with any matters to which this Agreement relates; provided, however, that nothing in this Agreement shall be deemed to protect the Administrator from willful misfeasance, bad faith or gross negligence in the performance of its duties, or reckless disregard of its obligations and duties under this Agreement.
Appears in 22 contracts
Samples: Services Agreement (CSFB Alternative Capital Tactical Trading Fund, LLC), Services Agreement (CSFB Alternative Capital Multi-Strategy Fund, LLC), Services Agreement (CSFB Alternative Capital Event Driven Fund, LLC)
Liability of the Administrator. To the extent consistent with applicable law, the The Administrator shall not be liable for any loss sustained by reason of good faith errors or omissions of the Administrator or any affiliate of the Administrator, or their respective directors, officers or employees, in connection with any matters to which this Agreement relates; provided, however, that nothing in this Agreement shall be deemed to protect the Administrator from willful misfeasance, bad faith or gross negligence in the performance of its duties, or reckless disregard of its obligations and duties under this Agreement.
Appears in 2 contracts
Samples: Administration Agreement (Ofi Tremont Market Neutral Hedge Fund), Administration Agreement (Ofi Tremont Core Diversified Hedge Fund)
Liability of the Administrator. To the extent consistent with applicable law, the The Administrator shall not be liable for any error of judgment or of law or for any loss sustained suffered by reason of good faith errors or omissions of the Administrator or any affiliate of the Administrator, or their respective directors, officers or employees, Fund in connection with any the matters to which this Agreement relates; provided, however, that nothing in this Agreement shall be deemed to protect the Administrator except loss resulting from willful misfeasance, bad faith or gross negligence on the part of the Administrator in the performance of its duties, obligations and duties or by reason of its reckless disregard of its obligations and duties under this Agreement.
Appears in 1 contract
Samples: Administrative Services Contract (Texas Capital Value Funds Inc)
