Standard of Responsibility Sample Clauses

Standard of Responsibility. When managing the Client’s monies under the terms of this Demand and Term Deposits Master Agreement, WatersEdge shall exercise ordinary business care and prudence under the facts and circumstances prevailing at the time of the action or decision.
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Standard of Responsibility. The Trustee may not be relieved from liabilities for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that:
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Standard of Responsibility. When managing the Client’s monies under the terms of this Ministry Funds Management Master Agreement, the Foundation shall exercise ordinary business care and prudence under the facts and circumstances prevailing at the time of the action or decision.
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Standard of Responsibility. (a) The General Partner shall be obliged to perform the duties, responsibilities and obligations of the operator of the Partnership Assets under the terms and provisions hereof and the Operating Agreement Terms, but shall only be required to perform the same to the extent that funds therefor have been furnished by the Partnership to the General Partner as provided in this Agreement.
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Standard of Responsibility. The SBTF shall invest and reinvest the funds entrusted to it and the accumulation thereon as the SBTF deems appropriate and otherwise pursuant to the Client’s instruction and the SBTF Fund Management Policy; provided, however, that if the SBTF invests any portion of the funds pursuant to the instructions of the Client, the SBTF shall not be liable for any loss or any other unfavorable result arising therefrom. The SBTF agrees that in all cases it will use its best judgment in investment policies and administration but does not guarantee maintenance of corpus or income, and the SBTF shall incur no liability in any case except for its own willful misconduct or gross negligence.
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Standard of Responsibility. MMC further agrees to use all necessary and reasonable measures and to exercise the care of a fiduciary in all aspects of the receipt, possession and disposition of the Financing Payments.
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Related to Standard of Responsibility

  • Scope of Responsibility Notwithstanding any provision to the contrary, the Escrow Agent is obligated only to perform the duties specifically set forth in this Escrow Agreement, which shall be deemed purely ministerial in nature. Under no circumstances will the Escrow Agent be deemed to be a fiduciary to any Party or any other person under this Escrow Agreement. The Escrow Agent will not be responsible or liable for the failure of any Party to perform in accordance with this Escrow Agreement. The Escrow Agent shall neither be responsible for, nor chargeable with, knowledge of the terms and conditions of any other agreement, instrument, or document other than this Escrow Agreement, whether or not an original or a copy of such agreement has been provided to the Escrow Agent; and the Escrow Agent shall have no duty to know or inquire as to the performance or nonperformance of any provision of any such agreement, instrument, or document. References in this Escrow Agreement to any other agreement, instrument, or document are for the convenience of the Parties, and the Escrow Agent has no duties or obligations with respect thereto. This Escrow Agreement sets forth all matters pertinent to the escrow contemplated hereunder, and no additional obligations of the Escrow Agent shall be inferred or implied from the terms of this Escrow Agreement or any other agreement.

  • Areas of Responsibility The lateral and vertical limits of the respective areas of responsibility are as follows:

  • Allocation of Responsibility 6.1 For the purposes of this Schedule 8 responsibility for each minute of delay included in Minutes Delay, each Third Party Train Cancellation, each Diversion, each Failure to Stop and each Planned Service Cancellation shall be allocated according to the responsibility for the incident which caused such Minutes Delay, Third Party Train Cancellation, Diversion, Failure to Stop or Planned Service Cancellation as established in accordance with the following provisions of this paragraph 6.

  • Limitation of Responsibility Notwithstanding any other provisions ---------------------------- hereof, Committee Members shall be liable to the parties only for actions constituting bad faith, gross negligence or breach of an express provision of this Agreement (so long as such breach remains uncured after ten (10) days of receiving notice of the nature of such breach). In all other respects, Committee Members shall not be liable for negligence or mistakes of judgment.

  • Waiver of responsibility 1. Any appraisal of the Programme undertaken before or after its approval by the FMC, does not in any way diminish the responsibility of the National Focal Point and the Programme Operator to verify and confirm the correctness of the documents and information forming the basis of the programme agreement.

  • Scope of Responsibilities The responsibilities of the Operating Committee shall be the following:

  • Allocation of Responsibilities The persons responsible for the Plan and the duties and responsibilities allocated to each are as follows:

  • Limited Responsibility Each Party shall be responsible only for service(s) and facility(ies) which are provided by that Party, its affiliates, authorized agents, subcontractors, or others retained by such parties, and neither Party shall bear any responsibility for the services and facilities provided by the other Party, the other Party’s affiliates, agents, subcontractors, or other persons retained by such parties. No Party shall be liable for any act or omission of another Telecommunications Carrier (other than an affiliate) providing a portion of a service, unless such Telecommunications Carrier is an authorized agent, subcontractor, or other retained by the party providing the service.

  • Own responsibility Without affecting the responsibility of any Obligor for information supplied by it or on its behalf in connection with any Finance Document, each Secured Party confirms to the Security Agent that it has been, and will continue to be, solely responsible for making its own independent appraisal and investigation of all risks arising under or in connection with any Finance Document including but not limited to:

  • Your Responsibility You are solely responsible for the quality, completeness, accuracy, validity and integrity of the image. You are solely responsible if you, intentionally or unintentionally, submit fraudulent, incorrect or illegible images to us or if Mobile Deposit is used, by authorized or unauthorized persons, to submit fraudulent, unauthorized, inaccurate, incorrect or otherwise improper or unusable images to us. In addition you agree that you will not modify, change, alter, translate, create derivative works from, reverse engineer, disassemble or decompile the technology or Service, copy or reproduce all or any part of the technology or Service, or interfere, or attempt to interfere, with the technology or Service. The Bank and its technology partners, inclusive of, but not limited to, Q2 and ProfitStars, retain all rights, title and interests in and to the Services, Software and Development made available to you.

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