Common use of Reliance on Amendments Clause in Contracts

Reliance on Amendments. BISYS and BFI may rely on any amendments to or changes in any of the documents and other items to be provided by the Trust pursuant to Sections 17 and 19 of this Agreement and, subject to the provisions of Section 5 hereof, the Trust hereby indemnifies and holds harmless BISYS and BFI from and against any and all claims, demands, actions, suits, judgments, liabilities, losses, damages, costs, charges, counsel fees and other expenses of every nature and character which may result from actions or omissions on the part of BISYS and BFI in reasonable reliance upon such amendments and/or changes. Although BISYS and BFI are authorized to rely on the above-mentioned amendments to and changes in the documents and other items to be provided pursuant to Sections 17 and 19 hereof, in the event the same relate to services provided by BISYS or BFI hereunder, neither BISYS nor BFI shall have any liability for failure to comply with or take any action in conformity with such amendments or changes unless the Trust first obtains BISYS’ written consent to and approval of such amendments or changes.

Appears in 3 contracts

Samples: Transfer Agency Agreement (Access One Trust), Transfer Agency Agreement (Profunds), Transfer Agency Agreement (Access One Trust)

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Reliance on Amendments. BISYS and BFI may rely on any amendments to or changes in any of the documents and other items to be provided by the Trust pursuant to Sections 17 18 and 19 20 of this Agreement and, subject to the provisions of Section 5 6 hereof, the Trust hereby indemnifies and holds harmless BISYS and BFI from and against any and all claims, demands, actions, suits, judgments, liabilities, losses, damages, costs, charges, reasonable counsel fees and other expenses of every nature and character which may result from actions or omissions on the part of BISYS and BFI in reasonable reliance upon such amendments and/or changes. Although BISYS and BFI are is authorized to rely on the above-mentioned amendments to and changes in the documents and other items to be provided pursuant to Sections 17 18 and 19 20 hereof, in the event the same relate to services provided by BISYS or BFI hereunder, neither BISYS nor BFI shall have any no liability for failure to comply with or take any action in conformity with such amendments or changes unless the Trust first obtains BISYS' written consent to and approval of such amendments or changes.

Appears in 1 contract

Samples: Transfer Agency Agreement (Asset Management Fund)

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