LGT definition
Examples of LGT in a sentence
Chancellor LGT shall be entitled to rely upon any such Instructions actually received by it under this Agreement.
Chancellor LGT hereby accepts such appointment and agrees to render the services set forth for the compensation herein provided.
In case of conflict between directions, advice or Oral and Written Instructions received by Chancellor LGT pursuant to this Section, Chancellor LGT shall be entitled to rely on and follow the advice received from counsel as described above.
In the performance of its responsibilities hereunder, Chancellor LGT shall exercise care and diligence in the performance of its duties and act in good faith and use its best efforts to ensure the accuracy and completeness of all services under this Agreement.
In performing its responsibilities hereunder, Chancellor LGT shall comply with all terms and provisions of the Governing Documents, the Prospectus and all applicable state and federal laws including, without limitation, the 1940 Act and the rules and regulations promulgated by the Commission thereunder.
Unless otherwise provided in this Agreement, Chancellor LGT shall act only upon Oral or Written Instructions.
Notwithstanding the foregoing, nothing in this Section shall be construed as imposing on Chancellor LGT any obligation to seek such directions, advice or Oral or Written Instruction, or to act in accordance with them when received, unless the same is a condition to Chancellor LGT's properly taking or omitting to take such action under the terms of this Agreement.
Chancellor LGT shall be protected in any action or in action that it takes in reliance on any directions, advice or Oral or Written Instructions received pursuant to this Section that Chancellor LGT, after the receipt of the same, in good faith believes to be consistent with such directions, advice or Oral or Written Instructions, as the case may be.
The parties hereto acknowledge, however, that Chancellor LGT causing an error or delay in the determination of net asset value may, but does not in an of itself, constitute negligence or willful misfeasance.
Nevertheless, Chancellor LGT will use its best judgment in determining whether to verify through other sources any information that it has received as to quotations or corporate actions if Chancellor LGT has reason to believe that any such information is incorrect.