Intentionally malicious definition
Intentionally malicious as used in this Section 17.A.(9) shall mean act or omission committed or omitted: (1) with the actual knowledge that the action or omission at issue is a breach of the Party’s obligations under this Agreement and (2) with the intention of causing harm to the other party or its customers or shareholders. Funds or series for any reason or establishing any liability of any Fund or series for the obligations of the other Funds or Series.
Intentionally malicious means those acts undertaken purposefully under the circumstances in which the person knows or has reason to believe that such acts violate this Agreement and are likely to cause damage or harm.