Standard of Liability and Indemnity. (a) The Trading Advisor and its affiliates (as defined below) shall not be liable to the Partnership, the General Partner, the limited partners, or any of its or their respective successors or assigns, for any act, omission, conduct, or activity undertaken by or on behalf of the Partnership, which the Trading Advisor determines, in good faith to be in the best interests of the Partnership, unless such act, omission, conduct, or activity constituted misconduct or negligence.
Appears in 3 contracts
Samples: Management Agreement (Morgan Stanley Charter MSFCM Lp), Customer Agreement (DWFCM International Access Fund Lp), Management Agreement (Morgan Stanley Dean Witter Spectrum Commodity L P)
Standard of Liability and Indemnity. (a) The Trading Advisor and its affiliates (as defined below) shall not be liable to the Partnership, the General Partner, the limited partners, or any of its or their respective successors or assigns, for any act, omission, conductconduct , or activity undertaken by or on behalf of the Partnership, which the Trading Advisor determines, in good faith to be in the best interests of the Partnership, unless such act, omission, conduct, or activity constituted misconduct or negligence.
Appears in 1 contract
Samples: Management Agreement (Morgan Stanley Dean Witter Spectrum Commodity L P)
