Common use of Liability of the Subadviser Clause in Contracts

Liability of the Subadviser. In the absence of its bad faith, negligence or disregard of its obligations and duties hereunder, the Subadviser shall not be subject to any liability to the Manager, the Trust or their directors, Trustees, officers or shareholders, for any act or omission in the course of, or connected with, rendering services hereunder. However, the Subadviser shall indemnify and hold harmless such parties from any and all claims, losses, expenses, obligations and liabilities (including reasonable attorneys fees) which arise or result from the Subadviser's bad faith, negligence or disregard of its duties hereunder.

Appears in 4 contracts

Samples: Subadvisory Agreement (Heritage Series Trust), Subadvisory Agreement (Heritage Series Trust), Heritage Series Trust (Heritage Series Trust)

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Liability of the Subadviser. In the absence of its bad faith, gross negligence or reckless disregard of its obligations and duties hereunder, the Subadviser shall not be subject to any liability to the Manager, the Trust Fund or their directors, Trustees, officers or shareholders, for any act or omission in the course of, or connected with, rendering services hereunder. However, the Subadviser shall indemnify and hold harmless such parties from any and all claims, losses, expenses, obligations and liabilities (including reasonable attorneys fees) which arise or result from the Subadviser's ’s bad faith, gross negligence or reckless disregard of its duties hereunder.

Appears in 3 contracts

Samples: Subadvisory Agreement (Eagle Series Trust), Subadvisory Agreement (Heritage Series Trust), Market Fund Subadvisory Agreement (Eagle Cash Trust)

Liability of the Subadviser. In the absence of its bad faith, negligence or reckless disregard of its obligations and duties hereunder, the Subadviser shall not be subject to any liability to the ManagerAdviser, the Fund, the Trust or their directors, Trustees, officers or shareholders, for any act or omission in the course of, or connected with, rendering services hereunder. However, the Subadviser shall indemnify and hold harmless such parties from any and all claims, losses, expenses, obligations and liabilities (including reasonable attorneys fees) which arise or result from the Subadviser's bad faith, negligence or reckless disregard of its duties hereunder.

Appears in 3 contracts

Samples: Form of Subadvisory Agreement (Potomac Funds), Subadvisory Agreement (Potomac Insurance Trust), Subadvisory Agreement (Potomac Funds)

Liability of the Subadviser. In the absence of its bad faith, negligence or reckless disregard of its obligations and duties hereunder, the Subadviser shall not be subject to any liability to the ManagerAdviser, the a Fund, each Trust or their directors, Trustees, officers or shareholders, for any act or omission in the course of, or connected with, rendering services hereunder. However, the Subadviser shall indemnify and hold harmless such parties from any and all claims, losses, expenses, obligations and liabilities (including reasonable attorneys fees) which arise or result from the Subadviser's bad faith, negligence or reckless disregard of its duties hereunder.

Appears in 2 contracts

Samples: Subadvisory Agreement (Potomac Funds), Subadvisory Agreement (Potomac Insurance Trust)

Liability of the Subadviser. In the absence of its bad faith, negligence or disregard of its obligations and duties hereunder, the Subadviser shall not be subject to any liability to the Manager, the Trust Fund or their directors, Trustees, officers or shareholders, for any act or omission in the course of, or connected with, rendering services hereunder. However, the Subadviser shall indemnify and hold harmless such parties from any and all claims, losses, expenses, obligations and liabilities (including reasonable attorneys fees) which arise or result from the Subadviser's bad faith, negligence or disregard of its duties hereunder.

Appears in 2 contracts

Samples: Subadvisory Agreement (Heritage Growth & Income Trust), Heritage Growth & Income Trust

Liability of the Subadviser. In the absence of its bad faith, negligence or disregard of its obligations and duties hereunder, the Subadviser shall not be subject to any liability to the Manager, the Trust Fund or their directors, Trustees, officers or shareholders, for any act or omission in the course of, or connected with, rendering services hereunder. However, the Subadviser shall indemnify and hold harmless such parties from any and all claims, losses, expenses, obligations and liabilities (including reasonable attorneys fees) which arise or result from the Subadviser's ’s bad faith, negligence or disregard of its duties hereunder.

Appears in 2 contracts

Samples: Form of Subadvisory Agreement (Eagle Growth & Income Fund), Subadvisory Agreement (Heritage Growth & Income Trust)

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Liability of the Subadviser. In the absence of its bad faith, gross negligence or reckless disregard of its obligations and duties hereunder, the Subadviser shall not be subject to any liability to the ManagerAdviser, the Trust Fund or their directors, Trustees, officers or shareholders, for any act or omission in the course of, or connected with, rendering services hereunder. However, the Subadviser shall indemnify and hold harmless such parties from any and all claims, losses, expenses, obligations and liabilities (including reasonable attorneys fees) which arise or result from the Subadviser's bad faith, negligence or disregard of its duties hereunder.

Appears in 1 contract

Samples: Fund Subadvisory Agreement (Golf Associated Fund)

Liability of the Subadviser. In the absence of its bad faith, gross negligence or reckless disregard of its obligations and duties hereunder, the Subadviser shall not be subject to any liability to the Manager, the Trust Fund or their directors, Trustees, officers or shareholders, for any act or omission in the course of, or connected with, rendering services hereunder. However, the Subadviser shall indemnify and hold harmless such parties from any and all claims, losses, expenses, obligations and liabilities (including reasonable attorneys fees) which arise or result from the Subadviser's bad faith, gross negligence or reckless disregard of its duties hereunder.

Appears in 1 contract

Samples: Equity Fund Subadvisory Agreement (Heritage Series Trust)

Liability of the Subadviser. In the absence of its bad faith, negligence or reckless disregard of its obligations and duties hereunder, the Subadviser shall not be subject to any liability to the Manager, the Trust Fund or their directors, Trustees, officers or shareholders, for any act or omission in the course of, or connected with, rendering services hereunder. However, the Subadviser shall indemnify and hold harmless such parties from any and all claims, losses, expenses, obligations and liabilities (including reasonable attorneys fees) which arise or result from the Subadviser's bad faith, negligence or reckless disregard of its duties hereunder.

Appears in 1 contract

Samples: Equity Fund Subadvisory Agreement (Heritage Series Trust)

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