Common use of Trustee Expenses Clause in Contracts

Trustee Expenses. The Trustee shall not be required to advance, expend or risk its own funds or otherwise incur or become exposed to financial liability in the performance of its duties hereunder, except as may be required as a result of its own gross negligence, willful misconduct or bad faith in connection with any duty owed to the Trust.

Appears in 4 contracts

Samples: Participant Agreement (Invesco BLDRS Index Funds Trust), Participant Agreement (Invesco QQQ Trust, Series 1), Participant Agreement (BLDRS Index Funds Trust)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.