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.
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 Fund I, L.P., Hatteras Multi-Strategy TEI Institutional Fund, L.P., Hatteras Multi-Strategy Fund I, 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 I, L.P., Hatteras Multi-Strategy Fund II, 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 Fund I, L.P., Hatteras Multi-Strategy TEI Institutional Fund, L.P.
Duty of Care. (a) The Directors Directors, the Adviser and the General Partner, including any officer, director, Partnerpartner, 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: Morgan Stanley Institutional Fund of Hedge Funds Lp, Morgan Stanley Institutional Fund of Hedge Funds II LP, Morgan Stanley Institutional Fund of Hedge Funds II 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.