Common use of Duty of Care Clause in Contracts

Duty of Care. (a) The Directors and the General Partner, including any officer, director, Partner, member, principal, employee or agent of any of them, will not be liable to the Partnership or to any of its Partners for any loss or damage occasioned by any act or omission in the performance of the Person’s services under this Agreement, in the absence of a final judicial decision on the merits from which no further right to appeal may be taken that the loss is due to an act or omission of the Person constituting willful misfeasance, bad faith, gross negligence or reckless disregard of the Person’s duties under this Agreement.

Appears in 25 contracts

Samples: Agreement (Hatteras Core Alternatives TEI Institutional Fund, L.P.), Agreement (Hatteras Core Alternatives TEI Institutional Fund, L.P.), Hatteras Core Alternatives Institutional Fund, L.P.

AutoNDA by SimpleDocs

Duty of Care. (a) The Directors and the General Partner, including any officer, director, Partner, member, principal, employee or agent of any of them, will not be liable to the Partnership or to any of its Partners for any loss or damage occasioned by any act or omission in the performance of the Person’s 's services under this Agreement, in the absence of a final judicial decision on the merits from which no further right to appeal may be taken that the loss is due to an act or omission of the Person constituting willful misfeasance, bad faith, gross negligence or reckless disregard of the Person’s 's duties under this Agreement.

Appears in 6 contracts

Samples: Hatteras Multi-Strategy TEI Institutional Fund, L.P., Hatteras Multi-Strategy TEI Fund, L.P., Hatteras Multi-Strategy TEI Fund, L.P.

Duty of Care. (a) The Directors Directors, the Investment Manager and the General Partner, including any officer, director, Partner, member, principal, employee or agent of any of them, will not be liable to the Partnership or to any of its Partners for any loss or damage occasioned by any act or omission in the performance of the Person’s 's services under this Agreement, in the absence of a final judicial decision on the merits from which no further right to appeal may be taken that the loss is due to an act or omission of the Person constituting willful misfeasance, bad faith, gross negligence or reckless disregard of the Person’s 's duties under this Agreement.

Appears in 4 contracts

Samples: Hatteras Multi-Strategy Fund II, L.P., Hatteras Master Fund, L.P., Hatteras Master Fund, L.P.

Duty of Care. (a11) The Directors and the General Partner, including any officer, director, Partner, member, principal, employee or agent of any of them, will not be liable to the Partnership or to any of its Partners for any loss or damage occasioned by any act or omission in the performance of the Person’s services under this Agreement, in the absence of a final judicial decision on the merits from which no further right to appeal may be taken that the loss is due to an act or omission of the Person constituting willful misfeasance, bad faith, gross negligence or reckless disregard of the Person’s duties under this Agreement.

Appears in 3 contracts

Samples: Agreement (Hatteras Multi-Strategy Institutional Fund, L.P.), Hatteras Multi-Strategy TEI Institutional Fund, L.P., Hatteras Multi-Strategy Fund I, L.P.

AutoNDA by SimpleDocs

Duty of Care. (a) The Directors and the General Partner, including any officer, director, Partnerpartner, member, principal, employee or agent of any of themthe foregoing, will shall not be liable to the Partnership Fund or to any of its Partners for any loss or damage occasioned by any act or omission in the performance of the Person’s such person's services under this Agreement, in the absence of a unless it shall be determined by final judicial decision on the merits from which there is no further right to appeal may be taken that the such loss is due to an act or omission of the Person such person constituting willful misfeasance, bad faith, gross negligence or reckless disregard of the Person’s such person's duties under this Agreementhereunder.

Appears in 3 contracts

Samples: Agreement (Gam Avalon Multi-Europe Lp), Gam Avalon Multi-Global Lp, Gam Avalon Multi Technology Lp

Duty of Care. (a) The Directors Directors, the Investment Manager and the General Partner, including any officer, director, Partner, member, principal, employee or agent of any of them, will not be liable to the Partnership or to any of its Partners for any loss or damage occasioned by any act or omission in the performance of the Person’s services under this Agreement, in the absence of a final judicial decision on the merits from which no further right to appeal may be taken that the loss is due to an act or omission of the Person constituting willful misfeasance, bad faith, gross negligence or reckless disregard of the Person’s duties under this Agreement.

Appears in 1 contract

Samples: Hatteras Master Fund, L.P.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!