Responsibility for Sub-custodians. The Custodian shall be liable to the Company for any loss or damage to the Company caused by or resulting from the acts or omissions of any Sub-custodian to the extent that such acts or omissions would be deemed to be negligence, gross negligence or willful misconduct under the laws of the United States.
Appears in 3 contracts
Sources: Custody Agreement (Foxby Corp.), Custody Agreement (Dividend & Income Fund), Custody Agreement (Midas Series Trust)