Common use of Services; Standard of Care Clause in Contracts

Services; Standard of Care. For the duration of this Agreement, Adviser agrees to use its reasonable best efforts, subject to applicable legal and contractual restrictions and in compliance with the procedures described in the then-current prospectus(es) and Statement(s) of Additional Information of the Funds (collectively, “Prospectuses”), to provide one or more of the Services. Except as otherwise provided herein, Adviser shall not be liable for any costs, expenses, damages, liabilities or claims (including reasonable attorneys’ fees and accountants’ fees) incurred by a Fund, except those costs, expenses, damages, liabilities or claims arising out of Adviser’s or Adviser’s affiliates own fraud, gross negligence or willful misconduct, or by reason of the reckless disregard by Adviser or Adviser’s affiliates of the Adviser’s obligations and duties hereunder. Under no circumstances shall either party hereto be liable to the other for special, punitive or consequential damages arising under or in connection with this Agreement, even if the party is previously informed of the possibility of such damages.

Appears in 7 contracts

Samples: Shareholder Services Agreement (American Independence Funds Trust), Shareholder Services Agreement (Rx Funds Trust), Shareholder Services Agreement (American Independence Funds Trust)

AutoNDA by SimpleDocs

Services; Standard of Care. For the duration of this Agreement, Adviser Service Provider agrees to use its reasonable best efforts, subject to applicable legal and contractual restrictions and in compliance with the procedures described in the then-current prospectus(es) and Statement(s) of Additional Information of the Funds (collectively, “Prospectuses”), to provide one or more of the Services. Except as otherwise provided herein, Adviser Service Provider shall not be liable for any costs, expenses, damages, liabilities or claims (including reasonable attorneys’ fees and accountants’ fees) incurred by a Fund, except those costs, expenses, damages, liabilities or claims arising out of AdviserService Provider’s or AdviserService Provider’s affiliates own fraud, gross negligence or willful misconduct, or by reason of the reckless disregard by Adviser Service Provider or AdviserService Provider’s affiliates of the AdviserService Provider’s obligations and duties hereunder. Under no circumstances shall either party hereto be liable to the other for special, punitive or consequential damages arising under or in connection with this Agreement, even if the party is previously informed of the possibility of such damages.

Appears in 6 contracts

Samples: Shareholder Services Agreement (American Independence Funds Trust), Shareholder Services Agreement (American Independence Funds Trust), Shareholder Services Agreement (American Independence Funds Trust)

AutoNDA by SimpleDocs

Services; Standard of Care. For the duration of this Agreement, Adviser agrees to use its reasonable best efforts, subject to applicable legal and contractual restrictions and in compliance with the procedures described in the then-current prospectus(esprospectuses(es) and Statement(s) of Additional Information of the Funds (collectively, “Prospectuses”), to provide one or more of the Services. Except as otherwise provided herein, Adviser shall not be liable for any costs, expenses, damages, liabilities or claims (including reasonable attorneys’ fees and accountants’ fees) incurred by a Fund, except those costs, expenses, damages, liabilities or claims arising out of Adviser’s or Adviser’s affiliates own fraud, gross negligence or willful misconduct, or by reason of the reckless disregard by Adviser or Adviser’s affiliates of the Adviser’s obligations and duties hereunder. Under no circumstances shall either party hereto be liable to the other for special, punitive or consequential damages arising under or in connection with this Agreement, even if the party is previously informed of the possibility of such damages.

Appears in 3 contracts

Samples: Shareholder Services Agreement (AQR Funds), Shareholder Services Agreement (AQR Funds), Shareholder Services Agreement (AQR Funds)

Time is Money Join Law Insider Premium to draft better contracts faster.