Review by Board. Notwithstanding anything to the contrary contained in this Agreement, neither the Board nor the Administrator shall be responsible or liable for any acts or omissions of any Investment Manager or be under any obligation to invest or otherwise manage any assets contained in an Investment Manager Account, except those assets over which it has specifically assumed investment management duties.
Appears in 2 contracts
Samples: Agreement and Declaration, Agreement and Declaration
Review by Board. Notwithstanding anything to the contrary contained in this Agreement, neither the Board Board, the Investment Committee nor the Administrator any Trustee shall be responsible or liable for any acts or omissions of any Investment Manager or be under any obligation to invest or otherwise manage any assets contained in an Investment Manager Account, except those assets over which it has specifically assumed investment management duties.
Appears in 2 contracts
Samples: The Agreement and Declaration of Trust Establishing the American, Agreement and Declaration
