Common use of Standard of Care Indemnification and Reliance Clause in Contracts

Standard of Care Indemnification and Reliance. (a) Indemnification of GFS. The Trust shall, on behalf of each applicable Fund, indemnify and hold GFS harmless from and against any and all losses, damages, costs, charges, reasonable attorney or consultant fees, payments, expenses and liability arising out of or attributable to the Trust’s refusal or failure to comply with the terms of this Agreement, breach of any representation or warranty made by the Trust contained in this Agreement, or which arise out of the Trust’s lack of good faith, gross negligence or willful misconduct with respect to the Trust’s performance under or in connection with this Agreement. The Trust shall hold GFS harmless and GFS shall not be liable for and shall be entitled to rely upon and may act upon information, advice, records , reports and requests generated by the Funds, the Fund’s legal counsel and the Fund’s independent accountants .. GFS shall be without liability for any action reasonably taken or omitted pursuant to this Agreement ..

Appears in 14 contracts

Samples: Fund Services Agreement (Arrow Investments Trust), Fund Services Agreement (Compass EMP Funds Trust), Fund Services Agreement (Compass EMP Funds Trust)

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Standard of Care Indemnification and Reliance. (a) Indemnification of GFS. The Trust shall, on behalf of each applicable Fund, indemnify and hold GFS harmless from and against any and all losses, damages, costs, charges, reasonable attorney or consultant fees, payments, expenses and liability arising out of or attributable to the Trust’s refusal or failure to comply with the terms of this Agreement, breach of any representation or warranty made by the Trust contained in this Agreement, or which arise out of the Trust’s lack of good faith, gross negligence or willful misconduct with respect to the Trust’s performance under or in connection with this Agreement. The Trust shall hold GFS harmless and GFS shall not be liable for and shall be entitled to rely upon and may act upon information, advice, records records, reports and requests generated by the Funds, the Fund’s legal counsel and the Fund’s independent accountants .. accountants. GFS shall be without liability for any action reasonably taken or omitted pursuant to this Agreement ..Agreement.

Appears in 9 contracts

Samples: Fund Services Agreement (Mutual Fund Series Trust), Fund Services Agreement (Variable Insurance Trust), Fund Services Agreement (Roge Partners Funds)

Standard of Care Indemnification and Reliance. (a) Indemnification of GFS. The Trust shall, on behalf of each applicable Fund, indemnify and hold GFS harmless from and against any and all losses, damages, costs, charges, reasonable attorney or consultant fees, payments, expenses and liability arising out of or attributable to the Trust’s refusal or failure to comply with the terms of this Agreement, breach of any representation or warranty made by the Trust contained in this Agreement, or which arise out of the Trust’s lack of good faith, gross negligence or willful misconduct with respect to the Trust’s performance under or in connection with this Agreement. The Trust shall hold GFS harmless and GFS shall not be liable for and shall be entitled to rely upon and may act upon information, advice, records records, reports and requests generated by the Funds, the Fund’s Fund ’ s legal counsel and the Fund’s Fund ’ s independent accountants .. accountants. GFS shall be without liability for any action reasonably taken or omitted pursuant to this Agreement ..Agreement.

Appears in 7 contracts

Samples: Fund Services Agreement (Advisorone Funds), Fund Services Agreement (Advisorone Funds), Fund Services Agreement (Advisorone Funds)

Standard of Care Indemnification and Reliance. (a) Indemnification of GFS. The Trust shall, on behalf of each applicable Fund, indemnify and hold GFS harmless from and against any and all losses, damages, costs, charges, reasonable attorney or consultant fees, payments, expenses and liability arising out of or attributable to the Trust’s refusal or failure to comply with the terms of this Agreement, breach of any representation or warranty made by the Trust contained in this Agreement, or which arise out of the Trust’s lack of good faith, gross negligence or willful misconduct with respect to the Trust’s performance under or in connection with this Agreement. The Trust shall hold GFS harmless and GFS shall not be liable for and shall be entitled to rely upon and may act upon information, advice, records , reports and requests generated by the Funds, the Fund’s legal counsel and the Fund’s independent accountants .. . GFS shall be without liability for any action reasonably taken or omitted pursuant to this Agreement ..

Appears in 2 contracts

Samples: Fund Services Agreement (Arrow Investments Trust), Fund Services Agreement (GL Beyond Income Fund)

Standard of Care Indemnification and Reliance. (a) Indemnification of GFS. The Trust Company shall, on behalf of each applicable Fund, indemnify and hold GFS harmless from and against any and all losses, damages, costs, charges, reasonable attorney or consultant fees, payments, expenses and liability arising out of or attributable to the TrustCompany’s refusal or failure to comply with the terms of this Agreement, breach of any representation or warranty made by the Trust Company contained in this Agreement, or which arise out of the TrustCompany’s lack of good faith, gross negligence or willful misconduct with respect to the TrustCompany’s performance under or in connection with this Agreement. The Trust Company shall hold GFS harmless and GFS shall not be liable for and shall be entitled to rely upon and may act upon information, advice, records records, reports and requests generated by the Funds, the Fund’s legal counsel and the Fund’s independent accountants .. accountants. GFS shall be without liability for any action reasonably taken or omitted pursuant to this Agreement ..Agreement.

Appears in 2 contracts

Samples: Fund Services Agreement (Dominion Funds Inc), Fund Services Agreement (Dominion Funds Inc)

Standard of Care Indemnification and Reliance. (a) Indemnification of GFS. The Trust shall, on behalf of each applicable Fund, indemnify and hold GFS harmless from and against any and all losses, damages, costs, charges, reasonable attorney or consultant fees, payments, expenses and liability arising out of or attributable to the Trust’s refusal or failure to comply with the terms of this Agreement, breach of any representation or warranty made by the Trust contained in this Agreement, or which arise out of the Trust’s lack of good faith, gross negligence or willful misconduct with respect to the Trust’s performance under or in connection with this Agreement. The Trust shall hold GFS harmless and GFS shall not be liable for and shall be entitled to rely upon and may act upon information, advice, records , reports and requests generated by the Funds, the Fund’s legal counsel and the Fund’s independent accountants .. . GFS shall be without liability for any action reasonably taken or omitted pursuant to this Agreement ...

Appears in 2 contracts

Samples: Fund Services Agreement (Americafirst Quantitative Funds), Fund Services Agreement (Mutual Fund Series Trust)

Standard of Care Indemnification and Reliance. (a) Indemnification of GFS. The Trust shall, on behalf of each applicable Fund, indemnify and hold GFS harmless from and against any and all losses, damages, costs, charges, reasonable attorney or consultant fees, payments, expenses and liability arising out of or attributable to the Trust’s refusal or failure to comply with the terms of this Agreement, breach of any representation or warranty made by the Trust contained in this Agreement, or which arise out of the Trust’s lack of good faith, gross negligence or willful misconduct with respect to the Trust’s performance under or in connection with this Agreement. The Trust shall hold GFS harmless and GFS shall not be liable for and shall be entitled to rely upon and may act upon information, advice, records records, reports and requests generated by the Funds, the Fund’s legal counsel and the Fund’s independent accountants .. GFS shall be without liability for any action reasonably taken or omitted pursuant to this Agreement ..Agreement.

Appears in 1 contract

Samples: Fund Services Agreement (Arrow Investments Trust)

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Standard of Care Indemnification and Reliance. (a) Indemnification of GFS. The Trust shall, on behalf of each applicable Fund, indemnify and hold GFS harmless from and against any and all losses, damages, costs, charges, reasonable attorney or consultant fees, payments, expenses and liability arising out of or attributable to the Trust’s refusal or failure to comply with the terms of this Agreement, breach of any representation or warranty made by the Trust contained in this Agreement, or which arise out of the Trust’s lack of good faith, gross negligence or willful misconduct with respect to the Trust’s performance under or in connection with this Agreement. The Trust shall hold GFS harmless and GFS shall not be liable for and shall be entitled to rely upon and may act upon information, advice, records , reports and requests generated records,reportsand requestsgenerated by the Funds, the Fund’s legal counsel and the Fund’s independent accountants .. accountants. GFS shall be without liability for any action reasonably taken or omitted pursuant to this Agreement ..Agreement.

Appears in 1 contract

Samples: Fund Services Agreement (Epiphany Funds)

Standard of Care Indemnification and Reliance. (a) Indemnification of GFS. The Trust shall, on behalf of each applicable Fund, indemnify and hold GFS harmless from and against any and all losses, damages, costs, charges, reasonable attorney or consultant fees, payments, expenses and liability arising out of or attributable to the Trust’s refusal or failure to comply with the terms of this Agreement, breach of any representation or warranty made by the Trust contained in this Agreement, or which arise out of the Trust’s lack of good faith, gross negligence or willful misconduct with respect to the Trust’s performance under or in connection with this Agreement. The Trust shall hold GFS harmless and GFS shall not be liable for and shall be entitled to reasonably rely upon and may act upon information, advice, records records, reports and requests generated by the Funds, the Fund’s Funds’ legal counsel and the Fund’s Funds’ independent accountants .. accountants. GFS shall be without liability for any action reasonably taken or omitted pursuant to this Agreement ..Agreement.

Appears in 1 contract

Samples: Fund Services Agreement (North Country Funds)

Standard of Care Indemnification and Reliance. (a) Indemnification of GFS. The Trust Corporation shall, on behalf of each applicable Fund, indemnify and hold GFS harmless from and against any and all losses, damages, costs, charges, reasonable attorney or consultant fees, payments, expenses and liability arising out of or attributable to the TrustCorporation’s refusal or failure to comply with the terms of this Agreement, breach of any representation or warranty made by the Trust Corporation contained in this Agreement, or which arise out of the TrustCorporation’s lack of good faith, gross negligence or willful misconduct with respect to the TrustCorporation’s performance under or in connection with this Agreement. The Trust Corporation shall hold GFS harmless and GFS shall not be liable for and shall be entitled to rely upon and may act upon information, advice, records records, reports and requests generated by the Funds, the Fund’s Fund ’ s legal counsel and the Fund’s Fund ’ s independent accountants .. accountants. GFS shall be without liability for any action reasonably taken or omitted pursuant to this Agreement ..Agreement.

Appears in 1 contract

Samples: Fund Services Agreement (Santa Barbara Group of Mutual Funds Inc)

Standard of Care Indemnification and Reliance. (a) Indemnification of GFS. The Trust shall, on behalf of each the applicable Fund, indemnify and hold GFS harmless from and against any and all losses, damages, costs, charges, reasonable attorney or consultant fees, payments, expenses and liability arising out of or attributable to the Trust’s refusal or failure to comply with the terms of this Agreement, breach of any representation or warranty made by the Trust contained in this Agreement, or which arise out of the Trust’s lack of good faith, gross negligence or willful misconduct with respect to the Trust’s performance under or in connection with this Agreement. The Trust shall hold GFS harmless and GFS shall not be liable for and shall be entitled to rely upon and may act upon information, advice, records records, reports and requests generated by the FundsFund, the Fund’s Fund ’ s legal counsel and the Fund’s Fund ’ s independent accountants .. accountants. GFS shall be without liability for any action reasonably taken or omitted pursuant to this Agreement ..Agreement.

Appears in 1 contract

Samples: Fund Services Agreement (Miller Investment Trust)

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