NON-LIABILITY OF MANAGER. In the absence of willful misfeasance, bad faith or gross negligence on the part of the Manager, or reckless disregard of its obligations and duties hereunder, the Manager shall not be subject to any liability to the Fund or to any shareholder of the Fund for any act or omission in the course of, or connected with, rendering services hereunder.
NON-LIABILITY OF MANAGER. For the avoidance of any doubt it is recorded that the Manager is acting as Manager for the Owner and, accordingly it is agreed that neither the Owner, nor the Tenant, shall have any claim against the Manager/Agent arising out of, or pursuant to, the provisions of this agreement.
NON-LIABILITY OF MANAGER. The Manager shall not be liable for Company obligations incurred in the ordinary course of business.
