Common use of Protection of PFPC Trust Clause in Contracts

Protection of PFPC Trust. PFPC Trust shall be indemnified by the Fund and without liability for any action PFPC Trust takes or does not take in reasonable reliance upon Written Instructions PFPC Trust receives from or on behalf of the Fund, or advice PFPC Trust receives from counsel, and which PFPC Trust believes, in good faith, to be consistent with those Written Instructions or advice. Nothing in this section shall be construed to impose an obligation upon PFPC Trust (i) to seek such advice or Written Instructions, or (ii) to act in accordance with such advice or Written Instructions.

Protection of PFPC Trust. PFPC Trust shall be indemnified by the Fund and without liability for any action PFPC Trust takes or does not take in reasonable reliance upon directions or advice or Oral Instructions or Written Instructions PFPC Trust receives from or on behalf of the Fund, Fund or advice PFPC Trust receives from counsel, counsel and which PFPC Trust believes, in good faith, to be consistent with those Written directions or advice or Oral Instructions or adviceWritten Instructions. Nothing in this section shall be construed so as to impose an obligation upon PFPC Trust (i) to seek such directions or advice or Written Instructions, or (ii) to act in accordance with such advice Oral Instructions or Written Instructions.