Common use of Performance of Duties and Standard of Care Clause in Contracts

Performance of Duties and Standard of Care. The Bank shall use the same care with respect to the safekeeping of Portfolio Securities and cash of the Fund held by it as it uses in respect of its own similar property but in no event less than a reasonable standard of care. In performing its duties hereunder and any other duties listed on any Schedule hereto, if any, the Bank will be entitled to receive and act upon the written advice of independent counsel of its own selection, which may be counsel for a Fund, and will be without liability for any action taken or thing done or omitted to be done in accordance with this Agreement in good faith in conformity with such advice. The Bank will be under no duty or obligation to inquire into and will not be liable for:

Performance of Duties and Standard of Care. The Bank shall agrees to use the same reasonable care with respect regard to its obligations under this Agreement and the safekeeping of Portfolio Securities and cash property of the Fund held by it as it uses in respect of its own similar property but in no event less than a reasonable standard of carePortfolios. In performing its duties hereunder and any other duties listed on any Appendix or Schedule hereto, if any, the Bank will be entitled to receive and act upon the written advice of independent counsel of its own selection, which may be counsel for a the Fund, and the Bank will be without liability for any action taken or thing done or omitted to be done done, so long as such actions or inactions are without negligence and in accordance with this Agreement in good faith in conformity with such advice. The Bank will be under no duty or obligation to inquire into and will not be liable for: