No Obligation to Inquire. Without limiting the generality of the ------------------------ foregoing, the Bank shall be under no obligation to inquire into, and, except to the extent of the Bank's negligence, bad faith and willful misconduct, the Bank shall not be liable for, the validity of the issue of any Securities at any time held in the Account or Approved Investments held in the Collateral Account, or the legality or propriety of any loans of Securities to Borrowers.
Appears in 2 contracts
Samples: Lending Agency Agreement (Allmerica Investment Trust), Agreement (Allmerica Investment Trust)
No Obligation to Inquire. Without limiting the generality of the ------------------------ foregoing, the Bank shall be under no obligation to inquire into, and, except to the extent of the Bank's negligence, bad faith and willful misconduct, the Bank shall not be liable for, the validity of the issue of any Securities at any time held in the Account or Approved Investments held in the Collateral Account, or the legality or propriety of any loans of Securities to Borrowers, except to the extent that the Bank has breached its standard of care provided hereunder.
Appears in 1 contract
Samples: Securities Lending Agency Agreement (Glenmede Fund Inc)
No Obligation to Inquire. Without limiting the generality of the ------------------------ foregoing, the Bank shall in no event be under no any obligation to inquire into, and, except to the extent of the Bank's negligence, bad faith and willful misconduct, the Bank shall not be liable for, the validity of the issue of any Securities at any time held in the Account or Approved Investments held in the Collateral Account, or the legality or propriety of any loans of Securities to Borrowers.:
Appears in 1 contract
Samples: Walnut Street Funds Inc
No Obligation to Inquire. Without limiting the generality of the ------------------------ foregoing, the Bank shall be under no obligation to inquire into, and, except to the extent of the Bank's negligence, bad faith and willful misconduct, the Bank shall not be liable for, the validity of the issue of any Securities at any time held in the Account or Approved Investments held in the Collateral Account, or the legality or propriety of any loans of Securities to Borrowers.
Appears in 1 contract
Samples: Securities Lending Agency Agreement (Allmerica Investment Trust)
