Common use of Distributor Liability Clause in Contracts

Distributor Liability. The Distributor shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Trust or any Fund in connection with the matters to which this Agreement relates, except a loss resulting from willful misfeasance, bad faith or negligence on its part in the performance of its duties or from reckless disregard by it of its obligations and duties under this Agreement.

Appears in 10 contracts

Samples: Distribution Agreement (Usaa Mutual Funds Trust), Distribution Agreement (Victory Portfolios II), Distribution Agreement (Victory Variable Insurance Funds)

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