Common use of THE DIRECTORS Clause in Contracts

THE DIRECTORS. of First Omaha Funds shall cause the officers and employees of First Omaha Funds, the adviser, legal counsel, independent accountants, custodian and transfer agent and other agents and representatives of the Funds to cooperate with the Administrator and to provide the Administrator, upon request, with such information, documents and advice relating to the Funds as is within the possession or knowledge of such persons, in order to enable the Administrator to perform its duties hereunder. In connection with its duties hereunder, the Administrator shall be entitled to rely, shall not be liable or responsible for any losses resulting from its reliance, and shall be held harmless by the Funds when acting in reliance, upon the instruction, advice, information or any documents relating to the Funds provided to the Administrator by any of the aforementioned persons or their representatives. Fees charged by such persons shall be an expense of the Funds. The Administrator shall be entitled to rely on any document which it reasonably believes to be genuine and to have been signed or presented by the proper party. The Administrator shall not be held to have notice of any change of authority of any officer, agent or employee of First Omaha Funds until receipt of written notice thereof from First Omaha Funds.