Common use of Standard of Care and Limitation of Liability Clause in Contracts

Standard of Care and Limitation of Liability. The Adviser shall exercise its best judgment in rendering the services provided by it under this Agreement. The Adviser shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Trust or the holders of the Trust's shares in connection with the matters to which this Agreement relates, provided that nothing in this Agreement shall be deemed to protect or purport to protect the Adviser against any liability to the Trust or to the holders of the Trust's shares to which the Adviser would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or by reason of the Adviser's reckless disregard of its obligations and duties under this Agreement. As used in this Section 7, the term "Adviser" shall include any officers, directors, employees or other affiliates of the Adviser performing services with respect to the Trust.

Appears in 7 contracts

Samples: Investment Advisory Agreement (Old Mutual Advisor Funds), Investment Advisory Agreement (Old Mutual Funds III), Investment Advisory Agreement (Old Mutual Funds III)

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Standard of Care and Limitation of Liability. The Adviser shall exercise its best judgment in rendering the services provided by it under this Agreement. The Adviser shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Trust Fund or the holders of the TrustFund's shares in connection with the matters to which this Agreement relates, provided that nothing in this Agreement shall be deemed to protect or purport to protect the Adviser against any liability to the Trust Fund or to the holders of the TrustFund's shares to which the Adviser would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or by reason of the Adviser's reckless disregard of its obligations and duties under this Agreement. As used in this Section 7, the term "Adviser" shall include any officers, directors, employees or other affiliates of the Adviser performing services with respect to the TrustFund.

Appears in 7 contracts

Samples: Escrow Agreement (PBHG Funds Inc /), Investment Advisory Agreement (PBHG Insurance Series Fund Inc), Escrow Agreement (PBHG Insurance Series Fund Inc)

Standard of Care and Limitation of Liability. The Adviser shall exercise its best judgment in rendering the services provided by it under this Agreement. The Adviser shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Trust Fund or the holders of the TrustFund's shares in connection with the matters to which this Agreement relates, provided that nothing in this Agreement shall be deemed to protect or purport to protect the Adviser against any liability to the Trust Fund or to the holders of the TrustFund's shares to which the Adviser would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or by reason of the Adviser's reckless disregard of its obligations and duties under this Agreement. As used in this Section 7, the term "Adviser" shall include any officers, directors, employees or other affiliates of the Adviser performing services with respect to the TrustFund.

Appears in 5 contracts

Samples: Investment Advisory Agreement (PBHG Funds Inc /), Investment Advisory Agreement (PBHG Insurance Series Fund Inc), Investment Advisory Agreement (PBHG Insurance Series Fund Inc)

Standard of Care and Limitation of Liability. The Adviser shall exercise its best judgment in rendering the services provided by it under this Agreement. The Adviser shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Trust Company or a Fund or the holders of the Trusta Fund's shares in connection with the matters to which this Agreement relates, provided that nothing in this Agreement shall be deemed to protect or purport to protect the Adviser against any liability to the Trust Company, a Fund or to the holders of the Trusta Fund's shares to which the Adviser would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or by reason of the Adviser's reckless disregard of its obligations and duties under this Agreement. As used in this Section 76, the term "Adviser" shall include any officers, directors, employees or other affiliates of the Adviser performing services with respect to the TrustCompany or a Fund.

Appears in 3 contracts

Samples: Investment Advisory Agreement (Esc Strategic Funds Inc), Investment Advisory Agreement (Esc Strategic Funds Inc), Investment Advisory Agreement (Esc Strategic Funds Inc)

Standard of Care and Limitation of Liability. The Adviser Manager shall exercise its best judgment in rendering the services provided by it under this Agreement. The Adviser Manager shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Trust or a Fund or the holders of the Trusta Fund's shares in connection with the matters to which this Agreement relates, provided that nothing in this Agreement shall be deemed to protect or purport to protect the Adviser Manager against any liability to the Trust Trust, a Fund or to the holders of the Trusta Fund's shares to which the Adviser Manager would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or by reason of the AdviserManager 's reckless disregard of its obligations and duties under this Agreement. As used in this Section 76, the term "AdviserManager " shall include any officers, directors, employees or other affiliates of the Adviser Manager performing services with respect to the TrustTrust or a Fund.

Appears in 3 contracts

Samples: Investment Management Agreement (Usallianz Variable Insurance Products Trust), Investment Management Agreement (Usallianz Variable Insurance Products Trust), Usallianz Variable Insurance Products Trust

Standard of Care and Limitation of Liability. The Adviser shall exercise its best judgment in rendering the services provided by it under this Agreement. The Adviser shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Trust Fund or the holders of the Trust's Fund’s shares in connection with the matters to which this Agreement relates, provided that nothing in this Agreement shall be deemed to protect or purport to protect the Adviser against any liability to the Trust Fund or to the holders of the Trust's Fund’s shares to which the Adviser would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or by reason of the Adviser's ’s reckless disregard of its obligations and duties under this Agreement. As used in this Section 7, the term "Adviser" shall include any officers, directors, employees or other affiliates of the Adviser performing services with respect to the TrustFund.

Appears in 2 contracts

Samples: Investment Advisory Agreement (Old Mutual Advisor Funds), Investment Advisory Agreement (Old Mutual Advisor Funds)

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Standard of Care and Limitation of Liability. The Adviser shall exercise its best judgment in rendering the services provided by it under this Agreement. The Adviser shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Trust or the holders of the Trust's ’s shares in connection with the matters to which this Agreement relates, provided that nothing in this Agreement shall be deemed to protect or purport to protect the Adviser against any liability to the Trust or to the holders of the Trust's ’s shares to which the Adviser would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or by reason of the Adviser's ’s reckless disregard of its obligations and duties under this Agreement. As used in this Section 7, the term "Adviser" shall include any officers, directorsTrustees, employees or other affiliates of the Adviser performing services with respect to the Trust.

Appears in 2 contracts

Samples: Interim Investment Advisory Agreement (Old Mutual Insurance Series Fund), Interim Investment Advisory Agreement (Old Mutual Advisor Funds Ii)

Standard of Care and Limitation of Liability. The Adviser shall exercise its best judgment in rendering the services provided by it under this Agreement. The Adviser shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Trust Company or the holders of the TrustCompany's shares in connection with the matters to which this Agreement relates, provided that nothing in this Agreement shall be deemed to protect or purport to protect the Adviser against any liability to the Trust Company or to the holders of the TrustCompany's shares to which the Adviser would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or by reason of the Adviser's reckless disregard of its obligations and duties under this Agreement. As used in this Section 7, the term "Adviser" shall include any officers, directors, employees or other affiliates of the Adviser performing services with respect to the TrustCompany.

Appears in 1 contract

Samples: Investment Advisory Agreement (PBHG Advisor Funds Inc)

Standard of Care and Limitation of Liability. The Adviser shall exercise its best judgment in rendering the services provided by it under this Agreement. The Adviser shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Trust or the holders of the Trust's ’s shares in connection with the matters to which this Agreement relates, provided that nothing in this Agreement shall be deemed to protect or purport to protect the Adviser against any liability to the Trust or to the holders of the Trust's ’s shares to which the Adviser would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence on its part in the performance of its duties or by reason of the Adviser's ’s reckless disregard of its obligations and duties under this Agreement. As used in this Section 7, the term "Adviser" shall include any officers, directors, employees or other affiliates of the Adviser performing services with respect to the Trust.

Appears in 1 contract

Samples: Investment Advisory Agreement (Old Mutual Advisor Funds)

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