Protection of PFPC. PFPC shall be indemnified by the Fund and without liability for any action PFPC takes or does not take in reasonable reliance upon directions or advice or Oral Instructions or Written Instructions PFPC receives from or on behalf of the Fund or from counsel pursuant to paragraph (b) of this Section 5 and which PFPC believes, in good faith, to be consistent with those directions or advice or Oral Instructions or Written Instructions. Nothing in this Section 5 shall be construed so as to impose an obligation upon PFPC to seek such directions or advice or Oral Instructions or Written Instructions.
Appears in 8 contracts
Samples: Transfer Agency Agreement (Blackrock Bond Allocation Target Shares), Transfer Agency Agreement (BlackRock Funds II), Transfer Agency Services Agreement (Blackrock Liquidity Funds)
Protection of PFPC. PFPC shall be indemnified by the Administrator and the Fund and without liability for any action PFPC takes or does not take without bad faith and in reasonable reliance upon directions or advice or Oral Instructions or Written Instructions PFPC receives from or on behalf of the Administrator or the Fund or from counsel pursuant to paragraph (b) of this Section 5 and which PFPC reasonably believes, in good faith, to be consistent with those directions or advice or Oral Instructions or Written Instructions. Nothing in this Section 5 section shall be construed so as to impose an obligation upon PFPC (i) to seek such directions or advice or Oral Instructions or Written Instructions, or (ii) to act in accordance with such directions or advice or Oral Instructions or Written Instructions.
Appears in 2 contracts
Samples: Sub Administration and Accounting Services Agreement (E Trade Funds), Sub Administration and Accounting Services Agreement (E Trade Funds)
Protection of PFPC. PFPC shall be indemnified by the Fund and without liability for any action PFPC takes or does not take in reasonable reliance upon directions or advice or Oral Instructions or Written Instructions PFPC receives from or on behalf of the Fund Fund, or advice PFPC receives from counsel pursuant to paragraph (b) of this Section 5 and which PFPC believes, in good faith, to be consistent with those directions or advice or Oral Instructions or Written InstructionsInstructions or advice. Nothing in this Section 5 section shall be construed so as to impose an obligation upon PFPC (i) to seek such directions advice or Oral Instructions or Written Instructions, or (ii) to act in accordance with such advice or Oral Instructions or Written Instructions.
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