Trustee's Good Faith Action, Expert Advice. No Bond or Surety. The exercise by the Trustees of their powers hereunder shall be binding upon everyone interested in or dealing with the Trust. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 111 contracts
Samples: Agreement and Declaration (Vanguard Chester Funds), Agreement and Declaration (Forward Funds), Agreement and Declaration (Vanguard/Primecap Fund Inc)
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 26 contracts
Samples: Agreement and Declaration of Trust (Templeton Russia Eurasia Fund), Agreement and Declaration (Strategic Partners Series), Agreement and Declaration of Trust (Franklin Gold Fund)
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for her or his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 19 contracts
Samples: Agreement and Declaration (Phoenix Engemann Funds), Agreement (Phoenix Strategic Equity Series Fund), Agreement and Declaration (Phoenix Engemann Funds)
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and for nothing else, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 10 contracts
Samples: Metropolitan Series (Metropolitan Series Fund Ii), Agreement and Declaration of Trust (AllianceBernstein Pooling Portfolios), Global Series Trust (Schroder Global Series Trust)
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. Surety The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and for nothing else, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 6 contracts
Samples: American Century Municipal Trust, American Century Investment Trust, American Century Government Income Trust
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and for nothing else, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 5 contracts
Samples: Agreement and Declaration of Trust (Gmo Trust), Agreement and Declaration (Gmo Trust), Gmo Trust
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful wilful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 4 contracts
Samples: Agreement and Declaration (Franklin International Trust), Money Market Portfolios, Franklin Strategic Mortgage Portfolio
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. The exercise by the Trustees of their powers hereunder shall be binding upon everyone interested in or dealing with the Trust. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful wilful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 4 contracts
Samples: Agreement and Declaration (Barrett Funds), Brinson Funds Inc, Brazos Mutual Funds
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful wilful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 2 contracts
Samples: Agreement and Declaration (Franklin Government Securities Trust), Exhibit Index (Professionally Managed Portfolios)
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. The exercise by the Trustees of their powers hereunder shall be binding upon everyone interested in or dealing with the TrustFund. A Trustee shall be liable to the Trust Fund and to any Shareholder Holder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of TrustAgreement, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 2 contracts
Samples: Wilmington Low Volatility Fund of Funds, Wilmington Low Volatility Fund of Funds
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. ------------------------------------------------------------- The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 2 contracts
Samples: Agreement and Declaration (Managed Account Series), Merrill Lynch Inflation Protected Bond Fund
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and for nothing else, and shall not be liable for errors of judgment or mistakes of fact or law. The 'Me Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 2 contracts
Samples: Agreement and Declaration of Trust (Liberty Variable Investment Trust), Agreement and Declaration of Trust (Liberty Variable Investment Trust)
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. ---------- ------------------------------------------------------------- The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and for nothing else, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 1 contract
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. The exercise by the Trustees of their powers hereunder shall be binding upon everyone interested in or dealing with the Trust. A Trustee shall be liable to the Trust and to any Shareholder Holder solely for his or her own willful wilful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 1 contract
Samples: Investment Management Agreement (Kiewit Investment Trust)
Trustee's Good Faith Action, Expert Advice. No Bond or ---------- ------------------------------------------------------ Surety. The exercise by the Trustees of their powers and discretions hereunder ------ shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and for nothing else, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 1 contract
Samples: Agreement and Declaration (New England Zenith Fund)
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. --------------------------------------------------------------------------- The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and for nothing else, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, Trust and shall be under no liability for any act or omission in accordance with such advice nor or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 1 contract
Samples: Nvest Companies Trust I
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. Surety The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested in or dealing with the Trust. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 1 contract
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 1 contract
Samples: Agreement and Declaration (Amivest NFB Funds Trust)
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for the his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 1 contract
Samples: Agreement and Declaration (Td Waterhouse Dow 30 Fund)
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. --------- ------------------------------------------------------------- The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and for nothing else, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (New England Zenith Fund)
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor for failing falling to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 1 contract
Samples: Agreement and Declaration (Morgan Grenfell Investment Trust)
Trustee's Good Faith Action, Expert Advice. No Bond or --------- ----------------------------------------------------------- Surety. The exercise by the Trustees of their powers and discretions hereunder ------ shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 1 contract
Samples: Agreement and Declaration (Brandes International Fund)
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. Surety The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful wilful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and for nothing else, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 1 contract
Samples: American Century California Tax Free & Municipal Funds
Trustee's Good Faith Action, Expert Advice. No Bond or Surety. The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and for nothing else, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required. Section 3.
Appears in 1 contract
Trustee's Good Faith Action, Expert Advice. No Bond or ------------------------------------------------------ Surety. The exercise by the Trustees of their powers hereunder shall be binding ------ upon everyone interested in or dealing with the Trust. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 1 contract
Samples: Agreement and Declaration (Smithgraham Institutional Funds)
Trustee's Good Faith Action, Expert Advice. No Bond or SuretySurety Section 2. The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested in or dealing with the Trustinterested. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and for nothing else, and shall not be liable for the errors of judgment judgement or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.
Appears in 1 contract