Western. Singapore assumes no responsibility under this Agreement other than to render the services called for hereunder, in good faith, and shall not be liable for any error of judgment or mistake of law, or for any loss arising out of any investment or for any act or omission in the execution of securities transactions for the Fund, provided that nothing in this Agreement shall protect Western Singapore against any liability to the Subadviser, Xxxx Xxxxx Partners Fund Advisor, LLC or the Fund to which Western Singapore would otherwise be subject by reason of willful misfeasance, bad faith, or gross negligence in the performance of its duties or by reason of its reckless disregard of its obligations and duties hereunder. As used in this Section 9, the term Western Singapore shall include any affiliates of Western Singapore performing services for the Trust or the Fund contemplated hereby and the partners, shareholders, directors, officers and employees of Western Singapore and such affiliates.
Appears in 5 contracts
Samples: Subadvisory Agreement (Legg Mason Partners Income Trust), Subadvisory Agreement (Legg Mason Partners Variable Income Trust), LMP Income Trust (Legg Mason Partners Income Trust)
Western. Singapore assumes no responsibility under this Agreement other than to render the services called for hereunder, in good faith, and shall not be liable for any error of judgment or mistake of law, or for any loss arising out of any investment or for any act or omission in the execution of securities transactions for the Fund, provided that nothing in this Agreement shall protect Western Singapore against any liability to the Subadviser, Xxxx Xxxxx Partners Fund Advisor, LLC or the Fund to which Western Singapore would otherwise be subject by reason of willful misfeasance, bad faith, or gross negligence in the performance of its duties or by reason of its reckless disregard of its obligations and duties hereunder. As used in this Section 9, the term "Western Singapore Singapore" shall include any affiliates of Western Singapore performing services for the Trust or the Fund contemplated hereby and the partners, shareholders, directors, officers and employees of Western Singapore and such affiliates.
Appears in 4 contracts
Samples: Imf Subadvisory Agreement (Western Asset Inflation Management Fund Inc.), Subadvisory Agreement (Legg Mason Partners Variable Income Trust), Subadvisory Agreement (Legg Mason Partners Income Trust)
