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

Standard of Care Indemnification and Reliance. (a) STANDARD OF CARE. ADS shall be under no duty to take any action except as specifically set forth herein or as may be specifically agreed to by ADS in writing. ADS shall use its best judgment and efforts in rendering the services described in this Agreement. ADS shall not be liable to the Trust or any of the Trust's shareholders for any action or inaction of ADS relating to any event whatsoever in the absence of bad faith, willful misfeasance or gross negligence in the performance of ADS's duties or obligations under this Agreement or by reason of ADS's reckless disregard of its duties and obligations under this Agreement.

Standard of Care Indemnification and Reliance. (a) STANDARD OF CAREStandard of Care. ADS shall be under no duty to take any action except as specifically set forth herein or as may be specifically agreed to by ADS in writing. ADS shall use its best judgment and efforts in rendering the services described in this Agreement. ADS shall not be liable to the Trust Corporation or any of the TrustCorporation's shareholders for any action or inaction of ADS relating to any event whatsoever in the absence of bad faith, willful misfeasance or gross negligence in the performance of ADS's duties or obligations under this Agreement or by reason of ADS's reckless disregard of its duties and obligations under this Agreement.

Standard of Care Indemnification and Reliance. (a) STANDARD OF CARE. ADS shall be under no duty to take any action except as specifically set forth herein or as may be specifically agreed to by ADS in writing. ADS shall use its best judgment and efforts in rendering the services described in this Agreement. ADS shall not be liable to the Trust Corporation or any of the TrustCorporation's shareholders for any action or inaction of ADS relating to any event whatsoever in the absence of bad faith, willful misfeasance or gross negligence in the performance of ADS's duties or obligations under this Agreement or by reason of ADS's reckless disregard of its duties and obligations under this Agreement.