Direct Damages. The Custodian will be liable for the Client’s direct damages resulting from the negligence, willful default or fraud of the Custodian or its agents. The Custodian will not be liable for any damages or losses solely by reason of the liquidation or insolvency of its agents. Nothing in this section shall relieve the Custodian of its responsibility for the performance of its subcustodians and agents.
Appears in 11 contracts
Samples: Master Global Custodial Services Agreement (John Hancock Bond Trust), Master Global (John Hancock Funds II), Master Global Custodial Services Agreement (John Hancock Bond Trust)
Direct Damages. The Custodian will be liable for tor the Client’s direct damages resulting from fi·om the negligence, willful default or fraud of the Custodian or its agents. The Custodian will not be liable for any damages or losses solely by reason only of the liquidation or insolvency of its agents. Nothing in this section shall relieve the Custodian of its responsibility for the performance of its subcustodians and agents.
Appears in 1 contract
Samples: Global Custodial Services Agreement (Boston Trust & Walden Funds)
